Reviewing and Revising Your Estate Plan in Missouri from Charlie Amen In order to truly appreciate the need to review and update your estate plan, it helps to have a clear picture of what is included in the estate plan. Learn more about estate plan in Missouri in this presentation. … [Read more...] about Reviewing and Revising Your Estate Plan in Missouri
Your Executor – What Exactly Does He/She Do?
Although an estate plan can include numerous documents and tools, your Last Will and Testament is the foundation, or starting point. A properly drafted and executed Will can make or break your entire estate plan – as can the choice of executor. Unfortunately, people often overlook how important the role of executor is in the overall success of an estate plan. To make sure that you do not make that mistake, consider what your executor will be required to do: Locate your Will and all other … [Read more...] about Your Executor – What Exactly Does He/She Do?
Incapacity Planning in Missouri
Incapacity Planning in Missouri from Charlie Amen The term "incapacitated person" as used in this chapter includes the term partially incapacitated person unless otherwise specified or apparent from the context. Learn more about the incapacity planning in St. Louis, Missouri in this presentation. … [Read more...] about Incapacity Planning in Missouri
Why You Should Not Depend on DIY Estate Planning Forms
In today’s electronic age it is possible to find just about anything on the internet, including legal forms. You may be tempted to use “Do-It-Yourself”, or DIY, estate planning forms you have come across on the internet in an effort to save money and/or time. The money and time you save by using these forms, however, could cost your loved ones much more time and money down the road. Once you have a better understanding of why you should not depend on DIY estate planning forms you will hopefully … [Read more...] about Why You Should Not Depend on DIY Estate Planning Forms
Free Report: Incapacity Planning in Missouri
Before sitting down to work on your plan, you should give some thought to what your priorities are and what goals and objectives you want to focus on in your plan. Topics covered in this whitepaper include: How is Incapacity Defined in Missouri? How Likely are You to Suffer an Incapacity? What Can Happen Without an Incapacity Plan? Selecting Your Executor, Trustee and Other Important Roles Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Incapacity Planning in Missouri
Why a Lump Sum Inheritance Might Not Be the Best Idea
In the past, an inheritance was commonly given to a child when he or she reached the age of majority, at age 18. Sometimes, the gift would be held until the beneficiary reached the age of 21; however, it was unusual for it to be delayed much longer than that. Today, it is becoming much more common for a beneficiary to receive his or her inheritance in staggered disbursements instead of a lump sum disbursement which may be the best idea. The truth is that children typically take longer to become … [Read more...] about Why a Lump Sum Inheritance Might Not Be the Best Idea
Tough Estate Planning Decisions – Disinheriting a Child
Estate planning often requires you to make difficult decisions; however, to ensure the success of your plan these decisions must be made. One decision that no one wants to make is the decision to disinherit a child or grandchild. If you find yourself wrestling with this decision, know that you are not alone. The reality is that many people face a similar dilemma when they create an estate plan. Years ago, families often referred to a “problem child” as the “black sheep” of the family. Sometimes … [Read more...] about Tough Estate Planning Decisions – Disinheriting a Child
How Do I Revoke My Trust?
Although your Last Will and Testament is likely the cornerstone of your estate plan, chances are good that your plan also includes additional estate planning tools and documents, such as a trust. In fact, trusts have become increasingly common in estate plans over the past several decades. If you have an existing trust and wish to make substantial changes you may be wondering “ How do I revoke my trust? ” Before rushing to revoke your trust though, you may wish to consult with your Missouri … [Read more...] about How Do I Revoke My Trust?
What Is a Pour Over Will?
Like many people, you may have decided to include a revocable living trust in your overall estate plan. If so, you may also have heard that you will also need to create and execute a “pour over” Will. A pour over Will is specific type of Last Will and Testament that is commonly used when a revocable living trust is used to distribute estate assets after the death of a decedent. Only an experienced estate planning attorney can provide you with specific advice about your estate plan; however, … [Read more...] about What Is a Pour Over Will?
National Estate Planning Awareness Week
Each year the National Association of Estate Planners & Councils, or the NAEPC, sponsors “National Estate Planning Awareness Week” in an effort to bring public awareness to the need for comprehensive estate planning. This year, the week of October 20-26 is designated as National Estate Planning Awareness Week. If you have yet to create your estate plan this is an excellent opportunity to get started. If you already have an estate plan in place it might be time to review and update your plan … [Read more...] about National Estate Planning Awareness Week
