Create an Estate Plan with the Help of Legacy Law Center
Contact an Experienced Estate Attorney St. Peters, MO Offers
Estate planning allows one to pass their assets on to their designated beneficiaries after their death. If you have not addressed your estate plan, contact an estate planning attorney in St. Peters, Missouri from the Legacy Law Center.
Quality estate planning will take into consideration your wishes regarding who you wish to receive your assets and will consider the following:
- Your beneficiary of your life insurance policy, retirement fund, and other investments in your portfolio;
- Potential tax implications for your estate and your beneficiaries;
- How many business you own will be transferred to another owner or else dissolved;
- Who will assume guardianship of any minor children and pets; and
- How best to ease the emotional and financial burden on your loved ones during an already stressful time.
Due to the legalities involved, creating an ideal estate plan requires significant experience and expertise regarding estate planning laws. Our attorneys at Legacy Law Center are well-versed in Missouri law as it pertains to estate planning and taxes. Our Missouri estate planning lawyer can advise you as to how to best plan your estate based on your priorities, assets, and other unique circumstances. If you would like to know how estate planning can be beneficial to you, call Legacy Law Center today to set up an initial consultation. You will not be charged for the first meeting.
At your initial consultation with a Missouri estate planning lawyer, you may asked any of the following questions to best serve your needs:
- Do you already have a will?
- What are your monetary assets?
- What kind of real estate property do you own?
- Do you co-own or own any land or homes?
- Do you co-own or own a business?
- Do you have specific wishes regarding who will receive your assets, property, or business interests?
- Are you concerned about estate taxes and want to know how you may be able to avoid or reduce them?
- Are you concerned about probate and want to know how you maybe be able to avoid it?
- Are you familiar with the benefits of a living trust?
- Do you have a retirement account or life insurance policy? Have you registered a beneficiary for those policies with your account holders?
- Have you considered who would be willing and able to take care of any minor children if you passed? If this person is your spouse, who would be your next choice?
Do not let these questions overwhelm you. A Missouri estate planning lawyer from Legacy Law Center can help you answer these questions to create the most appropriate estate plan for your needs.
Work with An Estate Attorney St. Peters, MO Trusts
better to determine what happens to your estate than you, when you are of clear mind and body and are able to spend the time to do it right. Consider calling a Missouri estate planning lawyer from Legacy Law Center today to discuss how we can help you finalize your last wishes.
Even if you think you do not have much in terms of money, property, or personal belongings, it is always a good idea to have a will in place. A will is not difficult to create and can be drafted with the assistance of an estate attorney in St. Peters, MO. There are a few legal requirements that a will must contain to be valid.
- The will needs to be signed while witnessed by at least two adults. It is not necessary for the witnesses to read your will. Ask someone who will not inherit anything from you to be your witnesses.
- The will must be signed and dated
- It must state that the document is your will
- You must have a paragraph or provision where you leave something to someone
There are also holographic wills, which are written by hand and not witnessed. In order for this type of will to be legal, it must be in the handwriting of the individual creating the will and it must be dated.
A holographic will is valid in half the states and if it is contested the probate judge will be extra critical in examining the document to verify its integrity and validity. A holographic will created without any legal help is sometimes not clearly enough written and may be interpreted differently from what you meant. A St. Peters, MO estate attorney can discuss with you how appropriate a holographic will may be in your situation.
What Can You Accomplish by Creating a Will?
Care for Minor Children
- A will can be used to select a guardian or custodian for minor children. The same person can also manage any property you want to leave to your children until they become of legal age or you can assign another party that responsibility. Your estate attorney in St. Peters, MO can explain the pros and cons of both.
- Your will can be used to set up a trust for anything your child may inherit. You can also appoint a trustee to take care of the property in the trust until your child becomes whatever age you choose in the will.
Directives to Leave Certain Personal Property to Specific People
That unique collection of coins that a relative has often admired can be addressed in the will. You can specifically state who gets what to avoid disagreements when dividing property.
Family heirlooms and jewelry are often items that relatives quarrel about after a loved one dies. Detailing who gets what in your will can ensure your possessions end up in the hands of those you wish to have them. It may not eliminate hard feelings or arguments among surviving family members, but that is not something you need to be concerned about!
Disinheriting Spouses or Children
You may wish to speak with an estate attorney in St. Peters, MO if you are considering disinheriting a spouse. Many states have laws protecting the surviving spouse from being left out of the will. If you are considering not leaving half of your estate to your spouse, you should seek the assistance of an attorney.
It is legal to disinherit your child. If it is clear that was not the intent, for example, the child was born after the will was created, the child can contest the will to claim a portion of your estate.
An estate attorney St. Peters, MO clients recommend from Legacy Law Center can answer questions concerning creating a will and what you can and cannot include in the document.