At some point in your life, there is a very good chance that you will be directly involved in the probate of an estate. Whether you were appointed to oversee the process or as a beneficiary/heir of the estate, knowledge of the probate process and the applicable laws will be critical. Even if you manage to avoid being involved in the probate of someone else’s estate, knowledge of probate law remains important because it will directly impact your own estate after you are gone. As such, you need at … [Read more...] about Creve Coeur Probate Law Basics
Blended families require special planning. Communication of those plans is key to keep frictions to a minimum. This story examines the controversy in the family of sports reporter Craig Sager, who died in December 2016. Sager Family Shows Perils of Blended Families … [Read more...] about Sager Family Shows Perils of Blended Families
Perhaps the largest part of most Americans’ wealth is in their qualified plan or IRA. Planning for these assets is one of the most important parts of the estate plan, for many reasons. This article will discuss the importance of beneficiary designations. Planning for Retirement Plans and IRAs: Beneficiary Designation … [Read more...] about Planning for Retirement Plans and IRAs: Beneficiary Designation
Although once used almost exclusively by wealthy families, trusts are now commonly found in the average person’s estate plan. If you are contemplating the addition of a living trust to your estate plan, one of the most important decisions you will need to make when creating your trust is who to appoint as your Trustee. One of the most common reasons for a trust to fail is appointing the wrong Trustee. Typically, that happens because the Settlor doesn’t really understand what the duties and … [Read more...] about Kirkwood Living Trust Lawyer Explains Trust Administration
One of the most popular additions to a comprehensive estate plan is a trust. Though once used primarily by wealthy families as a way to shelter, control, and pass down their wealth, trusts are now commonly found in the estate plan of the average person. Trusts have evolved to the point where there are numerous specialized trusts that focus on accomplishing very specific estate planning goals. All trusts, however, require the same basic elements for creation. One of those is the appointment of a … [Read more...] about Should I Hire a Trust Administration Lawyer If I’m the Trustee?
There is a very good chance that, at some point in your life, you will be directly involved in the probate of an estate and will, therefore, need to know some basics about the probate process. You might find yourself involved in the probate of an estate because the decedent appointed you to be the Executor of the estate or because the decedent died intestate (without executing a Last Will and Testament prior to dying) and you volunteer to be the Personal Representative of the estate. You might … [Read more...] about 5 Things You Need to Know about Missouri Probate Laws