Section 1.38 Amount of Property Transferred

• Library: Trusts and Powers 2013 Supp

3. (§1.38) Amount of Property Transferred

The amount or value of the property with which the trust is funded appears not to be relevant to its validity as long as there is some property to constitute the trust estate. In Webb v. St. Louis County National Bank, 551 S.W.2d 869, 875 (Mo. App. E.D. 1977), $100 was found sufficient. In Rosenblum v. Gibbons, 685 S.W.2d 924 (Mo. App. E.D. 1984), a recital in the trust instrument of $1 paid by the settlor to a trustee was found sufficient to establish a valid...