The basic charter of a corporation which spells out the name, basic purpose, incorporators, amount and types of stock which may be issued, and any special characteristics of the corporation. Articles must be signed by the incorporating person. A corporation’s existence begins when its articles of incorporation are filed with the Missouri Secretary of State.

A document by which a person provides instructions for the disposition of his or her property upon their death.

A uniform law adopted by most states which provides for the means of making a gift in trust to minors. The Act includes statutory methods for managing such gifts. The Act replaces the Uniform Gifts to Minors Act.

An interest or right in property, in which the tenant has an equal right to use and enjoy the entire property.

One who creates a trust. Also may be called “settlor” or “grantor”.

The document which states the terms and conditions of the trust and dictates the conduct of the trustee.

A person or institution who is in charge of and takes care of the assets of a trust. A trustees owes fiduciary duties to the beneficiaries and must treat all classes of beneficiaries, either current or future, equally and fairly.

An arrangement whereby assets are managed, held, and distributed for the benefit of one or more persons or entities (called beneficiaries). Assets in a trust may include money, stocks, bonds, real estate or other possessions. The person(s) making the trust arrangement is called the settlor or grantor. Property held in trust will avoid probate upon the death of the settlor or grantor. Trusts can own and manage property for the benefit of minor children, the disabled, and incapacitated or spendthrift beneficiaries.

A type of non-probate transfer usually used on motor vehicles, stocks or brokerage accounts, etc.

In property law, the right to own and possess real and personal property. As applied to real property, “title” identifies the legal owner of the land.