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...
Understanding a power of attorney for healthcare
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...
How should I select an executor for my estate?
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...
Do I need a will?
Estate planning is something that does not always get the attention it deserves. It is easy to take for granted our safety, which is why many of us do not develop a thorough estate plan. If you do not have an estate plan, do you need one? Despite the benefits of a...
How important is a financial power of attorney?
Many couples get advice on the importance of advanced directives such as a living will or a durable power of attorney to accompany their will or trust. But as part of the estate planning process, it is also important to consider naming a financial POA while assessing...
How creative can I be when estate planning?
To make your estate plan look the way you want it to look, you may want to get a little creative. Perhaps you plan to add conditions to trust payouts or take a non-traditional approach to how you express your end-of-life wishes. However, before you do any of this, it...
Estate planning to protect heirs from making common errors
For Missouri residents who have accrued a relatively ample portfolio and are considering their legacy, it can be worrisome if they think their heirs could make mistakes to deplete or outright lose their inheritance. As Baby Boomers age, they are increasingly thinking...
Factors that should be used in picking a guardian in a will
Death is not a subject that people in Missouri really like to think about all the time, but unfortunately, it is inevitable. The hope is certainly that people are able to live a long, full life prior to passing away, but that is not always the case. There are many...
Estate planning for new parents
When your child is born, you probably have a lot of questions. What will they be like as they grow? Will you be able to do what is best for them? One way that you can give yourself peace of mind is to build an estate plan to protect your child’s future. Create or...
What type of trustee should you appoint?
As you prepare to create your will or trust, it is time to choose an executor or a trustee. When you think about executors and trustees, how can you choose someone that is right for the job? The decision can be a difficult one and one to take seriously. AARP has tips...
