On August 28, 2025, Missouri House Bill 754 (HB 754), which was signed by Governor Mike Kehoe on July 10, 2025, will become law, introducing a pivotal change to the state’s tax code concerning non-grantor resident trusts. ...more
8/27/2025
/ Irrevocable Trusts ,
New Legislation ,
State Taxes ,
Tax Code ,
Tax Exemptions ,
Tax Planning ,
Tax Reform ,
Taxable Income ,
Trust Administration ,
Trustees ,
Trusts
As its name implies, an irrevocable trust cannot be revoked by the person who establishes the trust. Typically, an irrevocable trust also cannot be changed by a trustee or beneficiary. The irrevocable nature makes the trust a...more