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…
It is great that American seniors are living longer than ever before, however, this also means that many will eventually need long term care. Unfortunately, these necessary services are very expensive and can quickly deplete one’s entire life savings. If you need long term care, it can negatively affect your…
Are you a parent with young children or teenagers? Through your children, your legacy will carry on far beyond after you leave this earth. However, what if you unexpectedly pass away when your children are still minors? Who would take care of them and how would they be raised? While…
What would happen today if you were suddenly incapacitated and unable to make important medical decisions for yourself? A living will is a legal document that sets forth the medical treatment preferences you would want carried out in the unfortunate event that you are not physically able to communicate. Continue…
One of the most frequent questions that estate planners get is, “How do I avoid probate?” There are plenty of estate planning strategies for avoiding probate. For example, trust assets can be distributed outside of probate. Another method of keeping property intact without going through probate is through joint ownership….
A death in the family often brings loved ones together. Other times, though, disputes arise over who gets what. Sometimes, people feel blindsided by a family member’s decision. Others may be hurt or confused by beneficiary designations. These disputes can lead to complicated, lengthy, and expensive legal battles that can…
