• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
  • Services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veterans Benefits
  • Seminars
  • Areas We Serve
    • Ballwin
    • Chesterfield
    • Clayton
    • Creve Couer
    • Des Peres
    • Edwardsville
    • Fenton
    • Glen Carbon
    • Glendale
    • Kirkwood
    • Maryland Heights
    • Oakland
    • Sappington
    • St. Louis
    • Sunset Hills
    • Valley Park
    • Webster Groves
  • Resources
    • Asset Protection Worksheet
    • Elder Law Resources
      • Chesterfield Elder Law
      • Fenton Elder Law
      • Kirkwood Elder Law
      • Sunset Hills Elder Law
      • St. Louis Elder Law
      • St. Peters Elder Law
      • Webster Groves Elder Law
    • FREE Estate Planning Seminars
    • FREE Estate Planning Worksheet
    • Frequently Asked Questions
      • Estate Planning
      • Families Without an Estate Plan
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Trust Administration & Probate
    • Is Your Estate Plan Outdated?
    • Medicaid Resources
    • Multimedia
    • Newsletters
    • Presentations
    • Pre Consultation Form
    • Probate Checklist
    • Probate Resources
    • Retirement Planning Checklist
    • Special Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning For Niches
      • Trust Administration
  • Reviews
    • Our Reviews
    • Review Us
  • Blog
  • Contact Us

Amen, Gantner & Capriano | Your Estate Matters, L.L.C.

St. Louis Estate Planning & Elder Law Attorneys

Logo
CONNECT WITH US TODAY (314) 966-8077
ATTEND A FREE WEBINAR
Home / Financial Planning / How Do You Fund Your Trust in St. Louis?

How Do You Fund Your Trust in St. Louis?

June 28, 2014

Financial Planning, Trusts Tagged With: fund your trust, funding a trust, trust, trust in st. louis

trust in st. louisThere was a time when trusts were used almost exclusively by wealthy families as a way to pass down the family fortune without paying estate taxes and without losing complete control over how the fortune was spent. In the 21st century, however, trusts are frequently included in even the most basic estate plans. If you are considering the addition of a trust to your estate plan in St. Louis, you may be wondering how to fund your trust. Actually, funding a trust in St. Louis is rather simple.

At its most basic, a trust is a legal arrangement whereby a person or entity holds and manages assets for the benefit of a third party. If you ask your brother to hold onto the family photo album until his son reaches adult hood, you have created a trust wherein you are the maker of trust (also called the trustor or settlor), you brother is the trustee, and his son (your nephew) is the beneficiary. In that trust, the photo album is a trust asset. A trust can be very simple or extremely complex, depending on the purpose of the trust. All trusts, however, must be funded.

Almost any type of asset can be used to fund a trust. Once the trust agreement has been created, a bank account for the trust is also opened in the name of the trust. A trust becomes a separate legal entity once the trust has been created, Cash, if course, can be used to fund a trust by simply depositing the cash into the trust bank account. With few exceptions, almost anything of value can be used to fund a trust and/or can be held by a trust. The precise mechanism used to transfer the assets into the trust, however, will change. Real property, for instance, must be signed over into the trusts name so that the deed reflects the change of ownership. Stocks and bonds are also commonly used to fund a trust as are the proceeds from a life insurance policy. In the case of insurance proceeds, you will need to name the trust itself as the beneficiary of the policy proceeds.

Although almost anything of value can be used to fund your trust in St. Louis it is important that you consult with your estate planning attorney to ensure that the proper steps and procedures are followed to transfer ownership into the trust.

  • Author
  • Recent Posts
Paul Gantner
Paul Gantner
I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations.My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”
Paul Gantner
Latest posts by Paul Gantner (see all)
  • Show Your Love by Creating an Estate Plan - March 21, 2023
  • What You Need to Know About SECURE Act 2.0 - March 14, 2023
  • The Lessons from Lisa Marie - March 7, 2023

Filed Under: Financial Planning, Trusts Tagged With: fund your trust, funding a trust, trust, trust in st. louis

Other Articles You May Find Useful

Tax Planning for 2021
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Is It A Good Idea for My Parents to Give Me Their Home?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Is a Family Wealth Trust Only for the Rich?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Is A Family Limited Partnership in Missouri Right for Our Family?
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
How to Handle an Inherited IRA
Amen, Gantner & Capriano | Your Estate Matters, L.L.C.
Charitable Contributions from Your IRA under the New Rules

About Paul Gantner

I am an owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C. I have been able to bring my business and legal education and experience into a firm that has for many years provided comprehensive estate plans that meet clients’ needs and expectations. My passion has been creating and constantly pushing AGC’s mission of “Helping Families Secure their Legacies by Embracing them into the Law Firm Family through Long-term, Personal Advisory Relationships.”

Primary Sidebar

Download our free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • twitter
  • linkedin
  • youtube

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Where We Are

Amen, Gantner & Capriano
10733 Sunset Office Drive, Suite 425
St. Louis, MO 63127

See Larger MapGet directions

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 12:00 PM

Map

map for Amen, Gantner & Capriano Your Estate Matters office
  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Footer

Connect to us

  • Facebook
  • twitter
  • linkedin
  • youtube
footer-logo

© 2023 American Academy of Estate Planning Attorneys, Inc.

Amen, Gantner & Capriano,
Your Estate Matters, LLC

Attorney Advertisement