The single most important factor in determining when you will receive your inheritance is whether or not the inheritance is made up of probate or non-probate assets because not all assets are required to go through the probate process. Assets that bypass the probate process are typically distributed to beneficiaries shortly after the death of the decedent. Topics covered in this report include: Probate Basics Testate vs. Intestate Probate vs. Non-Probate Assets Types … [Read more...] about Free Report: How Long Will It Take To Get My Inheritance in Missouri
Receiving Your Inheritance in Missouri – How Long It Will Take
Receiving Your Inheritance in Missouri - How Long It Will Take from Charlie Amen If so, and a Will contest is filed, it will significantly slow down the probate process because everything essentially comes to a stop while the will contest is litigated. Learn more about receiving your inheritance in Missouri in this presentation. … [Read more...] about Receiving Your Inheritance in Missouri – How Long It Will Take
Staggering an Inheritance. Why It Is Often Best for a Beneficiary.
Whether you have a small estate or a multi-million dollar estate, chances are that you plan to pass down those assets that you do have to the next generation. Before you simply gift everything you have to your children in your Last Will and Testament, ask yourself if that is the best way to go about passing down your estate? Are your children ready for a lump sum of money? Would you prefer to retain some control over your assets, even after you are gone? Often, staggering an inheritance is a … [Read more...] about Staggering an Inheritance. Why It Is Often Best for a Beneficiary.
Who Should You Appoint As the Trustee of Your Testamentary Trust?
Though once used almost exclusively by wealthy families, trust agreements have become an increasingly popular addition to any comprehensive estate plan over the last several decades. If you plan to include a testamentary trust in your estate plan one of the most important decisions you will make when creating your trust agreement is who to appoint as the Trustee of youtestamentary trust. All too often people simply appoint a spouse, family member, of close friend without considering if the … [Read more...] about Who Should You Appoint As the Trustee of Your Testamentary Trust?
Free Report: Does Your Estate Have Sufficient Liquidity?
To ensure that your loved ones have access to sufficient funds and/or assets when you die your estate must include sufficient liquidity. Consult with your Missouri estate planning attorney to make sure your plan has the liquidity it needs. Topics covered in this report include: Defining Liquidity How Is Liquidity Determined? Why Is Estate Liquidity Important? Creating Liquidity in Your Estate Plan Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Does Your Estate Have Sufficient Liquidity?
How Do I Know If My Estate Has Sufficient Liquidity?
A successful estate plan requires you to do far more than simply decide who will receive which assets upon your death. Simply gifting assets may not accomplish your primary goal if that goal is to ensure that loved ones are provided for after your death. The reason for this is that the probate process may make those assets inaccessible to the intended beneficiary for months, even years, after your death. To plan for this potential problem you need to make sure your estate has enough liquidity. … [Read more...] about How Do I Know If My Estate Has Sufficient Liquidity?
I Don’t Need an Estate Plan until I’m Older and/or Wealthy Right?
When it comes to estate planning, there are a number of common myths and misconceptions that cause people to fail to properly plan ahead as they should. One of the most common of those misconceptions is the often heard “I don’t need an estate plan until I’m older and/or wealthy right?” The truth is that everyone over the age of 18 should have at least a basic estate plan in place. Knowing why should help you to get started on yours if you have yet to do so. One reason people often believe that … [Read more...] about I Don’t Need an Estate Plan until I’m Older and/or Wealthy Right?
Can My Estate Avoid Probate by Executing a Last Will and Testament?
In the area of estate planning there are a number of myths and misconceptions that can cause people to make costly mistakes. One of the most common myths is the belief that your estate can avoid probate if you execute a Last Will and Testament. Although executing a Will is an important part of any estate plan it does not result in probate avoidance. By working with an experienced Missouri estate planning attorney you can incorporate probate avoidance strategies into your estate plan; however, it … [Read more...] about Can My Estate Avoid Probate by Executing a Last Will and Testament?
When I Create an Irrevocable Burial Trust Do I Have to Name a Particular Funeral Home?
Most people prefer not to think about their own mortality. As such, the idea of planning your own funeral and burial may, at first, not be very appealing. Ultimately, however, many people do choose to incorporate a funeral planning component into their comprehensive estate plan. For those who do decide to include a funeral planning component into their estate plan an irrevocable burial trust is a common method of doing so. If you are considering creating one you may be wondering “Do I have to … [Read more...] about When I Create an Irrevocable Burial Trust Do I Have to Name a Particular Funeral Home?
What Happens to a Living Trust When One Spouse Dies?
Although your Last Will and Testament will likely serve as the foundation of your comprehensive estate plan, you will likely include a wide variety of additional estate planning tools and strategies in your plan as well. Among those will likely be at least one trust agreement. If you are married, you and your spouse may create a trust agreement together as a way to protect your marital assets and eventually pass them down to future generations. You may wonder, however, what happens to a living … [Read more...] about What Happens to a Living Trust When One Spouse Dies?
