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Missouri Trust  Form

Missouri Trust Form

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Instructions and help about Missouri Trust

let's talk a little bit about trusts now you've probably heard this term before but you may not be familiar with what it is sometimes you hear about someone who's wealthy and their children have money in a trust maybe the Kennedy or Paris Hilton you know they have trust funds um and you hear this term a lot but what exactly is it well trust is a legal entity that holds and manages the assets for another person and it's created when an individual known as the grantor transfers property to a trustee for the benefit of one or more people so that trustee has the responsibility of carrying out the wishes of the grantour so they don't have access to the money to do as they please they're supposed to handle the money as the grantour specified so why would you create a trust well one reason is to void probate now you may be familiar with the con cep of probate probate happens after somebody passes away and their estate some of it may be subject t

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