Settling an estate in Missouri means gathering the assets, notifying creditors, paying debts and taxes, and distributing what remains to the beneficiaries. Assets in a living trust settle privately without the court. An estate that needs probate takes 12 months to 18 months on average, and the creditor claim period of 6 monthsRSMo § 473.360Verified Sep 8, 2026View source is the floor. In a probate case the inventory of estate assets is due within 30 daysRSMo §§ 473.233, 473.240Verified Sep 15, 2026View source of appointment, and Missouri requires a formal appraisalRSMo §§ 473.233, 473.240Verified Sep 15, 2026View source.

Missouri has no single statewide fill-in petition; the opening document is prepared to statute and filed with the Probate Division of the Circuit CourtRSMo 473.017 (application for letters - content); 473.020 (who may apply / time limits); 473.023 (court or clerk to grant letters); 473.073 (proof required for probate and grant of administration); 473.110 (priority for letters); 473.780-.843 (independent administration)Verified Aug 24, 2026View source. Probate division of the circuit court issues Letters Testamentary or Letters of Administration after the court grants the petition.

The creditor claim period of 6 monthsRSMo §§ 473.033, 473.360, 473.380, 473.397, 473.403, 473.444Verified Sep 15, 2026View source runs from the first publication of the creditor notice, which follows the executor's appointment. Distributing assets before the period has run can leave the executor personally liable for a claim that arrives later.

Missouri sets executor compensation by statute — about $14,050 on a $500,000 estate, roughly 2.8%RSMo § 473.153(1) (statutory minimum: 5% first $5K, 4% next $20K, 3% next $75K, 2.75% next $300K, 2.5% next $600K, 2% over $1M; where reasonable compensation exceeds the minimum the court shall allow additional compensation — extraordinary services not required). Schedule is computed on personal property administered plus proceeds of court-ordered real property sales; unsold real property is excluded from the base.Verified Sep 8, 2026View source. The fee applies to the gross value of the probate estate; executors and beneficiaries may agree to a different amount, but the schedule is the default. Executors can waive the fee entirely or accept a reduced amount.

Settling a trust in Missouri starts when the successor trustee accepts the role: the trustee obtains death certificates and an EIN for the now-irrevocable trust, notifies the beneficiariesMo. Rev. Stat. § 456.1-101 et seq. (Missouri Uniform Trust Code)Verified Jul 15, 2026View source within 120 daysRSMo §§ 456.8-813, 456.10-1005Verified Sep 15, 2026View source, takes inventory of the trust assets, settles the grantor's debts and taxes, and distributes what remains under the trust terms. The process runs privately, without probate court supervision.