Chesterfield Estate Planning Blog
A life insurance trust protects your child’s future
As a new parent in Missouri, you have probably already considered purchasing a life insurance policy to provide for your child in the event that you die while he or she is still a minor. However, you may have limited control over how your child receives the payout. At...
read moreDo you need a will if you are married?
The idea of planning for what happens after you die may not be exactly fun to think about. However, planning ahead is going to be very helpful to your family. While it will not affect you one way or the other, it can save your family from many headaches and legal...
read moreWhat is probate?
You have probably heard people talk about probate before in Missouri. People often moan and groan about it. Probate is not a bad thing. In fact, the whole idea behind it is to protect you and your estate when you die. So, it is not something horrible, but it can take...
read moreWhat can you accomplish with an irrevocable living trust?
Most people across Missouri who work on their estate plans do so with a similar goal in mind: maximizing how much of their wealth they can leave behind for their loved ones. While there are numerous different steps you can take in your efforts to accomplish this, one...
read moreHow to prevent will contests
You can expect emotions to run high for your beneficiaries when you die. While it is normal for them to feel sad or have questions about your estate plan, the last you want to happen is for someone to legally challenge the will. Will contests can drag on for years and...
read moreThe definition of a fiduciary and why it is important
Whether you are preparing to take on the duties of an estate executor or if you are the beneficiary of a Missouri estate, you should understand the concept of a fiduciary. In some cases, an executor is challenged in court for not fulfilling a “fiduciary” duty. Being a...
read moreHow to talk to your kids about your estate planning decisions
Death and money are often two of the most uncomfortable topics for people to talk about. However, scheduling a time to talk to your adult children about your estate plan can help ensure your plan is implemented smoothly when the time comes. Because talking about your...
read more4 reasons you might need to update your estate plan
Years ago, you went to a lawyer and drew up a will, trust and other documents so that your family would be financially secure if you should suddenly pass away. That is the right thing to do, but have you taken a look at your estate plan lately? If you do, you might be...
read moreWhat are revocable living trusts and why are they helpful?
Like many people in Missouri and elsewhere, the last thing you may want to do is to consider your own mortality. However, you do want to provide for the loved ones you will leave behind. We at Hamra Law Firm LLC understand the considerations that go into estate...
read moreShould you create a trust?
Most estate planning lawyers will try to push you into creating a trust, but the truth is that the use of beneficiary designations and/or wills can sometimes get the job done just as well as a trust would. Additionally, trusts are usually more expensive than Wills and...
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