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#284 | Elizabeth Schlesinger; Estate Planning, Rights of Children, Wealth Transfer

The Vance Crowe Podcast

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Is It Worth the Cost of Administrating a Trust?

The amount of time that somebody is able to drive the car on earth while they're after they've been departed varies by state. In Missouri, you can establish a trust that runs perpetually. It technically could function forever as long as their assets in the trust, their beneficiaries of the trust living to receive the assets and there's someone around to manage the assets. Some states have a perpetuities period of for example 360 years other states apply a formula but in Missouri, there is no rule against perpetuities at this time.

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