Pulaski County Wills & Trusts Lawyers

Legal Protections for Clients in Waynesville & Phelps County, MO

Planning for the future is critical to protecting your loved ones and legacy. At Lowe Dreesen Miller, we help individuals and families in Pulaski County and the surrounding areas understand their estate planning options and make informed decisions that reflect their goals. Two of the most fundamental estate planning tools are wills and trusts. 

Book a free initial consultation with a Pulaski County wills and trusts attorney at Lowe Dreesen Miller by phone at (573) 888-8888 or connect with us online to make an appointment. 

Benefits of a Will 

A will is a legal document that outlines how your assets should be distributed after your death. It allows you to:

• Name beneficiaries for your property
• Appoint a guardian for minor children
• Name an executor to manage your estate
• Express final wishes

Missouri’s intestate succession laws will determine how your assets are distributed without a valid will, which may not reflect your intentions. Having a will gives you control and gives your family clarity and peace of mind.

What Is a Trust?

A trust is a legal arrangement in which one party (the trustee) holds and manages property for the benefit of another (the beneficiary). Trusts can be used to manage assets during one's lifetime, after one's death, or both. Unlike wills, certain trusts can help avoid probate, offer greater privacy, and provide asset protection.

Common Types of Trusts in Missouri

Missouri residents may benefit from a range of trusts depending on their needs and financial goals. 

Common types include the following.

• Revocable living trust: Allows you to retain control over your assets while alive and designate how they will be distributed after death. You can modify or revoke it at any time.
• Irrevocable trust: Cannot be altered after it is established. It removes assets from your taxable estate and may protect them from creditors.
• Testamentary trust: Created through your will and goes into effect upon your death. Often used to manage assets for minors or individuals with special needs.
• Special needs trust: Designed to benefit a loved one with a disability without disqualifying them from government assistance programs.
• Charitable trust: Supports charitable causes while potentially offering tax benefits.

Why Consider a Trust?

Trusts offer several advantages that go beyond what a will can provide. 

These include:

• Avoiding the delays and expenses of probate
• Keeping your estate matters private
• Protecting assets from lawsuits or creditors
• Managing assets for young or vulnerable beneficiaries
• Reducing estate taxes in some cases
• Providing continuity in the event of incapacity

While not every estate requires a trust, they can be valuable for individuals with moderate to high-value assets or specific concerns about privacy, control, or long-term financial planning.