The principal benefits of a trust is (1) privacy and (2) efficiently disposing of one’s property after death. To maintain privacy, the Trust Code permits a trustee to disclose a “certificate of trust” to third-parties as opposed to providing an entire trust instrument. In certain circumstances, third-parties (eg, banks, real estate title companies, etc.) want…
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St. Louis Trust Attorney
The most common way a trust is set up is that it is established for the settlor’s benefit during his/her lifetime and then upon his/her death it is distributed free of trust to the descendants. A trust can house most types of property, including real estate, stocks, security instruments, and even interests in businesses (e.g.,…