Where to Start Estate Planning For Beginners?
At some point in a person’s life they may realize it’s time to create an estate plan. What may seem like a confusing and daunting task can actually be simplified with the help of an estate planning law firm in St. Peters, MO. When working on your estate plan, you may wonder who and what information should be included and at what age you should write a will. Any adult who has accumulated any amount of wealth, belongings, property or other assets may want to start planning immediately. The overall intention of an estate plan is to create the necessary documents that will reflect your wishes after your passing. It can be an emotional task to plan for the event of your death, but it can help prevent your family from dealing with the hassle and stress of legalities. Legacy Law Center is an estate planning law firm in St. Peters, MO that can help you in this endeavor.
In the article below, we have answered common questions that many have about the process and how an estate planning law firm in St. Peters, MO can be invaluable.
Who should be included in my estate plan?
When thinking about who you want to be included in your estate plan, consider those who have meant something special to you in your life. These people can be your relatives, friends, mentors, and possibly an organization. Those included can be people and/or an institution who have made a positive difference to you in some way. The estate planning law firm in St. Peters, MO that you hire can confirm the validity of your choices.
What are examples of assets?
Assets include personal belongings that have monetary value. They may be cars, boats, property, homes, jewelry, art, stocks, or other items of value. While developing your estate plan, compile a list of assets so you can then distribute as you wish to your loved ones. Your estate planning law firm in St. Peters, MO can provide you guidance as to which of your assets should be included.
Is there any reason why I should exclude someone from my will?
In some cases, it may be important to include a statement in your will about a person you want to verbally exclude from receiving any portion of your assets. This is better than simply leaving a person out whom you do not want to include. Otherwise, the individual could petition the Court in an attempt to inherit assets with the argument that they should have been included in the will. Your estate planning law firm in St. Peters, MO can help you with making sure your instructions are clear.
How can an estate planning law firm in St. Peters, MO help me?
Those who are creating an estate plan will likely have questions about the process. When you hire an estate planning attorney from Legacy Law Center they can offer you guidance throughout the process. Hiring an estate planning law firm St. Peters, MO to help you with your estate plan can ensure your final wishes are carried out in the way you desire.