Stuff in the ‘estate planning attorney’ Category
How to Divide Up Personal Possessions Without Dividing the Family
Allocating your personal possessions can be one of the most difficult tasks when creating an estate plan. To avoid family feuds after you are gone, it is important to have a plan and make your wishes clear. When passing on possessions to your heirs, savings and investments are easy to divide up, since they […]READ POST »
Make Sure Your Beneficiary Designations Match Your Estate Plan
Many types of property and investments pass outside of probate and allow you to designate who will receive them after your death. It is important that these designations are kept up to date and are consistent with the rest of your estate plan. When you open an investment account or retirement plan or buy life […]READ POST »
Why a QPRT could be beneficial
While most Missouri residents don’t have to worry about federal estate taxes upon their death, it is possible that future changes to estate tax laws could lower exemption levels. Therefore, it may be a good idea to look into estate planning tools such as the qualified personal residence trust. A QPRT allows people to gift […]READ POST »
Helping loved ones while protecting an estate
Missouri residents who have children or step-children might worry about the best way to leave behind an estate. One concerned woman recently wrote to a popular financial advisor because she was worried that her two teen step-children would waste any inheritance they were given. She was unsure that her husband would follow her wishes if […]READ POST »
Creating valid wills in Missouri
Missouri law outlines the requirements for creating valid wills in the state. As long as people make certain that the wills they draw up follow those rules, the documents will generally be deemed valid by the court after they die. Wills must be signed in the presence of witnesses in order to be valid. To […]READ POST »
