Creating a Secure Future: How to Set Up a Trust for a Minor Child in Missouri

Planning for the future is an essential part of parenting. A common concern among parents is ensuring the financial well-being of their children, especially if the parents were to pass away unexpectedly. Setting up a trust for a minor child can be an excellent way to safeguard their financial future. In this article, we explain how to set up a trust for a minor child under Missouri law.

1. Understanding Trusts

A trust is a legal agreement where one party, known as the grantor or settlor, gives another party, the trustee, the right to hold and manage assets for the benefit of a third party, the beneficiary. In this case, the minor child is the beneficiary.

2. Decide on the Type of Trust

The first step is to determine the kind of trust you wish to set up. In Missouri, one common type of trust for minor children is a testamentary trust. This trust is outlined in a will and comes into effect upon the death of the grantor. Another option is a living trust, which takes effect during the grantor's lifetime.

3. Choose a Trustee

Choosing a reliable and trustworthy person as the trustee is crucial. The trustee will be responsible for managing the trust's assets until the child reaches the age you've designated for the trust to end.

4. Draft the Trust Document

The trust document should clearly state the trust's terms, including the names of the grantor, trustee, and beneficiary, the trust's purpose, how the trust assets should be invested and distributed, and when the trust will terminate.

5. Transfer Assets to the Trust

After drafting the trust document, the next step is to transfer assets into the trust. This can include cash, stocks, bonds, real estate, or other valuable property. The transfer process varies depending on the type of asset.

6. Trust Termination

You will need to specify in the trust document when the trust will end. For minor children, trusts often terminate when the child reaches a certain age or achieves a specific milestone, like graduating from college.

7. Seek Legal Advice

Setting up a trust involves many legal intricacies. It's essential to seek the advice of an experienced estate planning attorney who can guide you through the process and ensure the trust aligns with Missouri laws.


Setting up a trust for a minor child in Missouri is a responsible step towards securing your child's financial future. With the right planning and legal guidance, you can create a trust that provides for your child's needs and supports their dreams and aspirations.