A living trust is a helpful legal document that can be used to manage your assets during your lifetime, and it can be either revocable or irrevocable. Because there are key differences between the two types of trusts, anyone considering utilizing a living trust as an...
A will is an important tool that individuals can use to plan for the ends of their lives. It is a document that outlines important instructions for how a decedent’s assets, debts, and responsibilities should be managed when they are no longer alive. Through a will, a...
There are a lot of self-help resources out there, with a significant number of them aimed at helping you address your legal challenges. Estate planning isn’t any different. A quick Google search can land you in a virtual field of sample wills and trust documents,...
You may have a beautiful home, family heirlooms and other treasured possessions that you want to pass on to your children in a will or trust. However, what if your children do not feel the same way? Sometimes a person simply does not want to inherit the personal...
All Missourians face an inevitable end to their life. When or how this event will occur cannot be predicted, but certain step can be made to preserve and distribute a person’s assets in accordance with their wishes. Wills and trusts have been used to carry out these...
As people plan for retirement, they usually consider not only their own comfort and financial security in their golden years, but also how to provide for their loved ones. Anyone who is involved in estate planning is aware not only of the huge tax changes in the Tax...
A power of attorney for healthcare can be a useful tool to consider using along with an estate plan. In Missouri, a power of attorney for healthcare allows an agent to make health care decisions for the principal. The principal is the person who creates the power of...
Selecting an executor for your estate is an important part of the estate planning process. For that reason, estate planners should know how to select the best executor for their estate and a few factors to consider can help them be in a better position to do that. The...
When Missouri residents are considering their estate planning options, they are prone to focusing on the simplest method to pass their property onto loved ones: a will. However, there are other ways to protect assets and pass property to heirs. These can be as or more...
If you have established a trust, you will want to make sure it works in the manner you intend it to. Simply funding it will not accomplish this goal. Rather, you must include certain limitations in your trust’s provisions. By doing so, you will improve the odds that...
