Creating a plan for your assets after your death is a highly complicated process. There’s a lot of planning involved, including choosing which estate planning documents to include. Some of the most common estate planning documents include wills and trusts, and knowing which to choose can have a great impact…
A will is an essential document in estate planning that allows you to describe how you want your assets and property to be distributed after you die. That’s not all it does, though; it’s an important part of end-of-life planning that can’t be ignored. Dying without a will can have…
Taxes are often a concern among those in the process of estate planning. Nobody wants to burden their loved ones with taxes after their death; similarly, people often worry about their estate being greatly reduced by taxes. Luckily, Missouri is a tax-friendly state for estate planners. Read more to learn…
A trust is one part of estate planning that allows you the option to choose how your beneficiaries will receive assets after your death – and how much. Many people have the misconception that they don’t have enough assets to necessitate a trust, but in reality, trusts can be beneficial…
Many people are hesitant to create a power of attorney (POA) to be included in their estate plans. They think that it will leave them – and their assets – vulnerable to someone else’s wishes, when it actually does the opposite. Learn more about how to correctly utilize a POA…
Although it’s one of the most important things you can do for yourself and your loved ones, an estate plan isn’t always the simplest thing to create. There’s a lot of time, thought, and effort that must go into planning how you want your assets to be distributed, which may…
Creating an estate plan is complicated enough on its own. The last thing that you want is for your plan to create a burden for your heirs. You may be wondering how inheritance taxes may impact your loved ones. Is there an estate tax in Missouri? How much can you…
Creating an estate plan involves a lot of important decisions, but there is often confusion around the different parts that can make up an estate plan. The difference between wills and trusts is often misunderstood, and while both can make for a good estate plan, each is different from the…
When most people hear the term “estate planning,” they often think it applies only to the wealthy or the elderly. However, this couldn’t be further from the truth. Estate planning is crucial for everyone, regardless of age or financial status. It is about ensuring your wishes are respected and your…
Estate planning mistakes are unfortunately common. After all, it’s a topic that many people would rather avoid. Estate planning doesn’t have to be scary, though, and you can avoid the most common errors in estate planning by learning more about them. 5 Not Discussing the Estate Plan with Loved Ones…
