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St. Louis and St. Charles Estate Planning Attorney

In Part 1 of this article, we discussed three important estate planning tools: wills, trusts, and joint tenancy and beneficiary deeds. In this section, we will examine three additional tools that can be used to design a comprehensive and effective estate plan that protects your best interests. Durable Power of Attorney While wills and trusts …

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St. Louis Estate Planning Lawyer

Estate planning is the area of law that seeks to ensure that a person’s assets are protected and are transferred to the person or party that a person intends after he or she passes away. Perhaps the most commonly known tool used in estate planning is a last will and testament, often referred to simply as …

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St. Louis Estate Planning Lawyer

What is a Trust? A trust is a legal arrangement in which on party transfers assets to another party, who holds those assets “in trust” for the benefit of others. The party who creates the trust is called the “grantor” or “settlor,” the party that holds the assets is known as the “trustee,” and the party …

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St. Louis Estate Planning Attorney

A last will and testament is a powerful tool that allows you to direct your assets to specific people or organizations after you pass away. In the absence of a will or other estate planning tool that provides for property to pass to specific parties, Missouri intestacy law will apply, which may or may not reflect your …

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St. Louis Estate Planning Attorney

Avoiding probate is one of the primary goals of many estate plans, and this should come as no surprise to anyone familiar with the process. Probate involves proving the validity of a will and administering the estate of a deceased person, which means settling debts, paying taxes, appraising the value of non-liquid assets, and transferring assets …

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St. Louis Estate Planning Attorney

When a family member or loved one passes away, the loved one’s estate passes through a court-managed legal process known as probate. In a nutshell, probate refers to the legal process by which a decedent’s assets are ascertained, managed, and ultimately distributed to creditors and heirs. In Missouri, it is governed by the state probate code and …

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St. Louis Probate Lawyer

The saying goes that nothing is as certain as death and taxes. However, did you know that taxes can persist even after your death? After you pass away, the executor of your estate will be responsible for paying all of the required taxes from your assets before your estate can be distributed to your beneficiaries. …

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St. Louis Probate Attorney

Choosing an executor is one of the most important parts of drafting your will. The executor will be responsible for carrying out the terms of your will, distributing your assets, and finalizing your estate. Missouri law sets out requirements for who can serve, outlines the responsibilities of the executor, and establishes guidelines for compensation. Duties …

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Probate Lawyers

When a person dies, they are no longer capable of owning their assets. Accordingly, assets that were previously in their name pass to those who are still living. If the deceased had a Last Will and Testament, their assets will pass according to that document. If not, their assets will pass according to state statute.1This …

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St Louis Wills and Estates Lawyer

One of the main functions of the probate court is to distribute assets of a person who has passed away. Unfortunately, the probate process can be time-consuming and expensive. The proceedings in probate court are a matter of public record, compromising the privacy of the deceased. With some planning, you can avoid probate altogether and …

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