Articles Posted in Estate Planning

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1estate-planningSo, you have an estate plan that was created many years ago. Maybe you know where the documents are, or maybe you aren’t sure.  But, what you do know is that many things have changed in your life since you first setup your plan.  In this blog we discuss the importance of having an estate plan that reflects your current life circumstances while also planning for the future.

It is very common to procrastinate when it comes to setting up an estate plan or updating an existing plan.  But, if you have experienced the challenges that come with caring for an ill loved one or  the challenges of managing the affairs for a loved one who has passed away,   you likely realize that one of the best gifts you can give your family is a well considered estate plan.

For an estate plan to be well considered, it should present as a straightforward, clear directive to those who are most important in your life.  As we deal with the current events forced upon our society by the COVID-19 virus it is a good time to make sure our planning is up to date and is not outdated.

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trust.jpgThe answer to a broad question such as this obviously depends on the type of assets a client possesses and what his objectives are. But, the place to start evaluating the answer is to begin with an understanding of why a revocable living trust can benefit a client and his family relative to other non-probate transfer tools.
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happyfamily.jpgAt your death, is it your intention to pass on a significant portion of your worldly assets to lawyers, personal representatives and other unknown entities through court supervised administration? Without simple planning that is what will happen.
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Writing willIn the recent trend of legal services going viral, Google has now released a program which will account for your text messages and e-mails after your death. The program, aptly named Inactive Account Manager, will allow individuals to prearrange what will happen to their account data and information upon their death. Beneficiaries can be designated to receive certain information, while other private information can be deleted. Such information could include contact information, emails, documents and online messages. Setting up this program makes working out such details easier for those you leave behind after your death, which is a chief consideration when it comes to estate planning in Missouri.
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