Best Estate Planning Lawyer O’Fallon MO
You may be wondering who the best estate planning lawyer O’Fallon, Missouri has to offer is. When people think of estate planning, they likely picture an older couple sitting down and taking inventory of expensive furniture and family heirlooms. However, estate planning is not restricted to a certain age group. In fact, almost anyone can sit down and work on their estate plan and doing so can save them a great amount of stress in the future. Although you are not required to work with an estate planning attorney while you create your estate plan, it can be extremely beneficial to speak with one, especially if you have never worked on your estate plan before. O’Fallon, Missouri offers ones of the best estate planning lawyers from Legacy Law Center who knows that planning for the future can bring you and your family a great deal of relief. However, there is typically stress that comes with this as well. Thus, we are here to make this process go smoothly for you and answer any questions you may have along the way. Don’t hesitate any longer in creating your estate plan with the help from an estate planning lawyer O’Fallon, MO offers. Reach out to us today for more information.
Frequently Asked Questions
Do I need an estate plan? Won’t the state sort things out for me?
This is partially true. One of the best estate planning lawyers in O’Fallon, Missouri advises that you do not let the state take this type of action. If you pass away without a will or a trust, a court will likely determine who gets certain assets and what items must be sold to pay off any remaining debts you have. Unfortunately, if you do not plan for this situation in advance, you will have little to no say about who gets what items after you die. An estate plan can ensure that your voice is heard even after you are gone, that the heirs of your choosing get certain assets, and that disputes are prevented well in advance.
What is a will?
A will outlines specific details regarding who you want to receive certain property upon your death. In your will, you should name someone as executor so that they can properly manage your will and ensure the assets are appropriately distributed. In addition, you can name people you wish to look after your underage children and even your pets.
What does a durable power of attorney do?
If you become incapacitated in some way, whether it is through an injury or an illness, and you can no longer make decisions for yourself, appointing a durable power of attorney can ensure someone will be responsible for making these financial decisions when you are unable to. When you write this document, you want to ensure it clearly states what kind of power this person has while you are incapacitated. This could range anywhere from depositing funds to making important business decisions.
What is probate?
The probate process is when a court proves that a will is legitimate and the executor is appointed who will fulfill the instructions as outlined in your will. During this time, your assets can be used to pay taxes and settle debts.
Speak With One of the Best Estate Planning Lawyers O’Fallon, Missouri Has to Offer!
If you wish to start the estate planning process but are unsure of where to begin, please call a trusted member of our estate planning legal team at Legacy Law Center so that you do not have to worry about your future any longer. O’Fallon, Missouri offers one of the best estate planning lawyers, so call now to set up an appointment!