If you are perplexed with what estate planning entails, you can rely on an attorney from Legacy Law Center, a trusted estate planning law firm in St. Peters. Estate planning can feel overwhelming and confusing. For some, it is emotionally difficult to think about where their assets should go when they pass away or if they become unable to take care of themselves. Our legal team can help you make the difficult decisions when it comes to what to include in your estate plan and last will.
In advance of contacting an estate planning law firm in St. Peters such as Legacy Law Center, below are some guidelines you may which to consider following. It may be helpful to make notes of the following questions and answers. Later, when meeting with an estate planning attorney you can speed the process by referring to your notes.
- Drafting a Will
You may want to start off by thinking about those who are closest to you. Who are the people you want to have your most treasured belongings? Who do you feel deserves and can handle receiving financial gift? Start by writing down the names of all your potential beneficiaries. Take plenty of time to complete this list of people. Decide who should inherit which items or cash, and how much of each gift they should receive. In some situations, this can be a complex list, especially if there are substantial assets. An estate planning law firm in St. Peters such as Legacy Law Center can help make sure your wishes are clear.
- Creating a Living Trust
Many people can benefit from creating a living trust as it can help prevent loved ones from having to undergo probate court. During a time of grief, the last thing your family will want to do is participate in a grueling and potentially expensive legal proceeding. As an estate planning law firm in St. Peters, Legacy Law Center understands the importance of living trusts and we are happy to provide you with more information about them.
- Assigning a Power of Attorney
A person who holds the power of attorney on your behalf can oversee many aspects of your assets. This person can handle your finances including writing checks, depositing funds, selling your home or vehicles, and making decisions for your solely owned business. Who you appoint to be your power of attorney should be trustworthy and someone who has only the best of intentions for your continued legacy.
- Safekeeping Important Documents
When starting your estate plan, you will want to keep important related documents in a safe and secured place. Create a safekeeping method that includes your will, trust, real estate deeds, insurance policy, bonds, stocks, mutual funds, bank account information, 401K/Individual Retirement Account, retirement plan, final arrangements and other estate planning documents. An estate planning law firm in St. Peters such as Legacy Law Center can help you decide which documents should be included.
At Legacy Law Center, we make no secret of the importance of an estate plan for your loved one’s future. After your passing, your loved ones will want remembrances of you. Let us help you create an estate plan that offers you relief and confidence that your family is taken care of. Contact us to meet with a trusted attorney from an estate planning law firm St. Peters families turn to for guidance.