Estate Planning Lawyer Creve Coeur, MO
Having a plan for what happens after your death is a critical step in every person’s life, which is why you should contact an estate planning lawyer Creve Coeur, MO residents trust. It may seem contradictory, but if you want your wishes to be followed at the end of your life and after, you need an estate plan.
A Missouri estate planning lawyer knows that the sooner you create an estate plan, the better. There are a myriad of documents that can be included in this process. While most do not go into effect until after your death, some may trigger should you undergo a health emergency. Take a further peek into why estate planning is so imperative to bringing peace of mind in life and death situations.
End of Life Wishes
You may be adamant about not wanting to be kept alive using mechanical devices. If you get into a catastrophic accident that leaves you brain dead, you do not want any further life-saving action to occur. To ensure this is adhered to by family, you may want to create a living will or medical directive power of attorney. These documents dictate who you want to act on your behalf should you be unable to make medical decisions based on your desires. A financial power of attorney designates a representative to have access to your money to help pay your bills while you are not fit to do it yourself. Our estate planning lawyer in Creve Coeur, MO can walk you through this process.
After Death Directives
A will is a standard legal document that disburses your personal items and assets to heirs of your choosing. Creating a will allows you to choose who will be best to take care of and administer the actions prescribed by the will. A will can also:
- Dictate funeral arrangements
- List debts and assets
- Leave personal property to specified individuals
In many jurisdictions, a will must go through a court process known as probate. This ensures that an estate is administered according to the deceased’s wishes. It also makes sure debts get paid.
When planning an estate, your Creve Coeur, Missouri estate planning lawyer may suggest that you create a trust for some or all of your assets. A trust is a sheltered account that is not part of the probate process. It designates a trustee who inherits the trust or administers it to beneficiaries directly. It can also provide tax benefits while you are alive and to your heirs after you pass on.
Your family must be cared for after your death. Should you need help creating a plan, contact an estate planning lawyer Creve Coeur, MO relies on from Legacy Law Center to give you some assistance.