Dying without a will, known legally as dying “intestate,” can create confusion, delays, and unintended consequences for your loved ones. In Missouri, the state’s intestacy laws determine how your assets are distributed, who manages your estate, and who inherits your property. While these laws aim to reflect typical family structures,…
If you are looking for ways to avoid probate court in Missouri, joint ownership is one way to go about it. Probate can be challenging, and a lot of people look for ways to avoid it. If you want to learn more about what probate is and ways to avoid…
Nowadays, our assets extend far beyond our physical possessions. Most people now have digital assets along with their physical assets. When you’re discussing your estate plan, it’s best to note your digital assets along with your other assets. There are a lot of different things that must be included in…
A lot of times, people aren’t thinking about all the details that go into divorce when they get married. If it happens, it’s a big financial change. Estate planning is one of the things that people need to think about when they get divorced. Missouri residents should review their plans…
Estate administration is the legal process of managing and distributing the assets of a deceased person. Probate is related to this because it is the specific court-supervised part of estate administration. The probate court oversees this process, and the estate administration involves gathering the assets, paying the debts and taxes,…
When a loved one requires ongoing care due to a physical and/ or cognitive disability, estate planning becomes essential. One of the most effective tools for this purpose is a Special Needs Trust. A Special Needs Trust is a powerful estate planning tool designed to provide long-term financial support without…
Trusts are a powerful legal and financial tool commonly used in Missouri estate planning. When assets are placed into a trust, they are no longer considered part of the trust creator’s estate, thus providing a smooth and private transfer of property to their heirs or designated beneficiaries. One of the…
In today’s world, it seems like many people spend the majority of their life online. From valuable cryptocurrency and online businesses to treasured family photos and personal emails, digital assets can carry both financial and sentimental significance. However, many people do not consider what to do with digital assets when…
Dealing with debt after a loved one has passed can be difficult, but understanding the probate process is crucial to ensure proper distribution of assets. With our in-depth knowledge of estate planning and probate, Mark Harford Law is here to help you every step of the way. In this article,…
Estate plans often require updating, as major life events can impact an estate in various ways. Naturally, you want to ensure your wishes are fulfilled and that you’re protecting your loved ones’ future. If something has happened in your life that might affect your estate plan, the best way to…
