St. Louis Trust Attorney

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St. Louis Trust Attorney

St. Louis Trust Lawyer

Planning for the end of your life is a complicated experience. Not only do you have to consider your own mortality, but you also face crucial decisions about what will happen to your hard-earned assets after you pass away. Many people delay creating estate plans to avoid thinking about such things.

Regardless of the situation you are in, it is essential that you make an estate plan that will protect your loved ones after you pass. Although there are many different estate planning options to choose from, trusts provide significant benefits for you and your beneficiaries alike. Even if you have heard about trusts as an estate planning option, it is important for you to explore the details with an experienced trust attorney.

Our trust lawyers offer high-quality trust and estate planning services to the people of the St. Louis area. If you do not have an estate plan in place, now is the time to begin.

Stange Law Firm: Your St. Louis Trust Attorneys

Our St. Louis estate planning attorneys have many years of experience creating trusts and other estate plans for our clients. We are passionate about ensuring that our clients feel confident in their estate plans. Our team works diligently for each family that we collaborate with. We have years of experience in estate planning, including trust creation. Therefore, our clients gain the benefit of having knowledgeable, confident lawyers on their side.

Although we have helped thousands of families with their trusts, we understand that this is likely your first time going through this process. Because of this, we take the time to talk about your unique needs, answer your questions, and put you at ease for the estate planning process. You can trust us with your family’s finances and future. You can feel confident that your assets are in the right hands.

Our attorneys at Stange Law Firm offer estate planning legal services to the people of the St. Louis area and beyond.

What Is a Trust?

Although trusts are common, many people do not know what they entail. If you are exploring estate planning options, it is crucial that you understand your options. This allows you to make a conscious and thoughtful decision about your family’s future.

A trust is a type of estate planning account. As the benefactor, or trustor, you put your assets into the trust for safekeeping. A trustee will hold the assets under their protection and handle trust administration after you pass away. When you do pass, the items in your trust avoid going through probate court. This is because the trustee is technically the legal guardian of these assets. Since the trustee did not pass away, the items have no reason to go through probate court, which is reserved for the assets of the deceased.

There are two major types of trusts: revocable trusts and irrevocable trusts. Revocable trusts, also known as living trusts, are a common choice for those who make their estate plans early. When you have a living trust, you are still free to access your assets as you wish. You may make changes to your beneficiaries and update your wishes as you see fit.

Irrevocable trusts, on the other hand, cannot be changed or modified once they have been completed. You will not be able to access your assets, and your estate will be under the control of your trustee. Revocable trusts are common for those with degenerative diseases or those who can no longer make informed decisions for themselves. All trusts become revocable when the trustor or benefactor passes away.

When you pass away, your trustee will be responsible for distributing the assets in the trust according to your wishes. If your assets have changed, beneficiaries have passed, or certain actions are no longer possible, the trustee will work to act in your interest.

Why Do I Need a Trust Attorney?

Creating a trust is a significant event. Although you may be able to access your assets while you are alive, trusts are powerful accounts and should be treated as such. If you attempt to create a trust on your own, there is a high chance that a mistake or violation will make the account invalid. This can leave your family without the benefit of a trust and your assets unsecured.

It is also difficult to choose a trustee for your trust. This individual must be trustworthy and know you well, but simultaneously should not have a stake in the trust. Generally, you cannot name someone as both a trustee and a benefactor unless there is a co-trustee to oversee the handling of funds. Selecting a trustee is a difficult job. It is helpful to have an attorney guide you through the selection process.

To ensure that your trust is strong, and your assets are in order, it is a good idea to conduct all your estate planning with the help of a qualified attorney.

How Much Does an Estate Planning Trust Attorney Cost?

Trust attorney rates range greatly, so it is difficult to say how much your trust attorney will cost. Some firms charge hourly for estate planning services, while others charge a flat rate for certain projects.

To be prepared for the cost of trust planning, be sure to speak directly with potential attorneys about their fees and rates. This will help you plan for the cost. This can also help you begin to make informed decisions about your trust and, ultimately, your family’s future.

Contact Stange Law Firm of St. Louis

Our team at Stange Law Firm of St. Louis is here to help with all your estate planning needs. We have an intimate knowledge of the trust laws that may affect your family. We can work with you to develop a trust or other estate plan that truly works for your circumstances. Our clients trust us with this important part of their lives, and we treat this trust with sincere care and respect.

If you are ready to begin the trust or estate planning processes, schedule a consultation with Stange Law Firm today.

Greene County, St. Louis Office : 901 E. St. Louis, Suite 404, Springfield, Missouri 65806


Helpful Information Regarding High Net Worth Divorce From our Webpage

To learn more about our work in the area of high net worth divorce, please follow the links below:
Do You Need a Last Will and Testament or an Estate Plan?
Everybody should consider making a will. However, a will is about much more than the division of a sizable estate, and making a will is not something that those with substantial assets.
Multi-state Trust Attorneys in the in Missouri, Illinois, Kansas, Oklahoma and Nebraska
As Stange Law Firm, PC, we can determine the right type of trust for your needs and objectives and select the type of trust that best protects your interests.
Valuing professional practices and businesses
Valuing a professional practice can be extremely difficult because much of the value is in the individual's contribution, not in merchandise or interests that can be easily divided. If you have questions, we have answers.
Pensions, IRAs and 401(k)s
Missouri law significantly affects the division of retirement savings accounts. If many of your assets are in IRAs or 401(k)s, we can talk with you about your options.
Qualified Domestic Relations Orders
QDROs create or recognize the existence of an alternate payee's right to receive all or a portion of the benefits payable under a retirement plan. We can explain what this means for you.
Divorce Tax Issues
For some, they can have significant questions and concerns about how getting divorced might effect them from a tax perspective. We can help ensure that clients can get the tax advice they need from tax professionals.
Maintaining Lifestyle
Many individuals have spent their entire life working hard in order to maintain a lifestyle that they have sought out. We can help individuals going through divorce ensure that they are put in the best financial position possible after a divorce.
Business Owners
Many individuals have spent their whole life trying to create a successful business or they have assisted their spouse build up this interest. It can be stressful when that business interest becomes part of a divorce proceeding. However, we an help ensure that a business interests are fairly evaluated.
Prenuptial & Postnuptial Agreements
Prior to entering into a marriage, or after the wedding date, many individuals are interested in putting together a prenuptial or postnuptial agreement to ensure that there are not lengthy and contentious divorce proceedings later if the marriage ends in divorce In these instances, we can help.
Farm Divorce
In certain cases, parties going through a divorce may own a family farm. This can result in the farm itself, equipment, livestock and other valuable assets being put in play in a divorce. We can help you if this is the case.
Stocks and Bonds
Many married couples also have significant sums in stocks and bonds. It's vital to work with an attorney to have an accounting of what is out there and to ensure it is properly addressed in family court.
Vocational Examination
The income producing potential of a husband and wife can be an important issue in a spousal support or child support case. A vocational examination can be useful in many of these cases where the current income of a party does not appropriately reflect what they could make.
Real Estate Portfolios
Real estate can be an important issue in divorce cases where the parties own rental property and other valuable real estate. We can work with parties in these types of cases to make sure these assets are property valuated and apportioned.
Delayed Compensation
In some situations, a party may be compensated through delayed compensation. This is an important area that should not be over-looked in a divorce.
Overseas Assets
Overseas assets can be significant issue in certain cases. It is vital that you have an attorney who understands how to address this issue
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Serving the St. Louis Metropolitan Area, Kansas City, Columbia, Springfield, Wichita, Topeka, Tulsa and Beyond in Missouri, Illinois, Kansas and Oklahoma

From our webpage, you can also read articles about family law, view informational videos, seminar videos, listen to our podcast, download our mobile application or view support calculators for MissouriIllinois and Kansas.

If you are looking to find and hire a child custody lawyer, contact us online or by phone to schedule a consultation at any of our convenient locations.


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Strategies For Family Law Illinois

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Stange Law Firm, PC

120 S. Central Avenue, Suite 450

St. Louis (Clayton), Missouri 63105

Toll Free: 855-805-0595
Fax: 314-963-9191
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