Multiple Heirs Probate Lawyer St. Charles, Missouri
If you’re trying to construct an estate plan that will accommodate multiple heirs or you’re navigating the challenges associated with being one of many heirs named in a recently deceased loved one’s will, please connect with a multiple heirs probate lawyer St. Charles, Missouri residents trust. In connecting with our team proactively, you’ll place yourself in the best possible position to navigate the challenges before you as successfully as possible under the circumstances.
Probate and Intestate Succession in Missouri
Whether you’re planning your own estate or grappling with the practical and legal realities of losing a loved one, working with a probate lawyer St. Charles, Missouri trusts will help to ensure that you fully understand your rights and responsibilities under the law. When you have access to this kind of knowledge and support, you can make informed decisions about your legal options.
In Missouri, the best way to ensure that you can divide your assets – in any way you choose – among multiple heirs involves creating a legally enforceable will. If your will is enforceable and kept up to date, it will be subjected to the probate process, but the chances of it being contested successfully are very remote. If you die in Missouri before you’ve created a will, your assets will be distributed according to a process known as intestate succession. This process will dictate what percentage of your estate will go to any/all of your heirs, regardless of how you’d prefer to have your assets distributed. As a result, it is critical that you maintain a legally enforceable and current will. Doing so will all but guarantee that your assets will be distributed to your heirs in the manner of your choosing once you are gone.
In the event that you die without a will and you’re married, your spouse will be entitled to the whole of your estate if you have no surviving children. However, if you have surviving children, your spouse will only be entitled to the first $20,000 in the estate’s value in edition to 50 percent of the remaining “balance” of the estate. The remainder that doesn’t pass to your spouse will be divided among your children. The math gets trickier if you have stepchildren of if you die unmarried and without children. As a result, it is important to get your affairs in order now, otherwise you’ll have no say in how your assets are distributed upon your death.
Legal Assistance Is Available
As you’re planning your estate or dealing with the estate of a deceased loved one, know that you don’t have to weather the ups and downs of this process alone. The experienced Missouri legal team at Legacy Law Center is here to assist you at any time. If you’re dealing with a “multiple heirs” situation, don’t hesitate to connect with our St. Charles, Missouri multiple heirs probate lawyer team today to explore your options and receive the support you deserve; we look forward to speaking with you.