March 2014 Archives

Estate planning is coming to terms with the digital world

For most people in St. Louis, Missouri the term estate planning implies a discussion of what will be done with fixed and movable assets such as houses, cars, books, bank deposits and stock options after death. Today, however, day-to-day lives have become intricately connected with the Internet and associated technologies, and as a result many assets are now digital, not physical, in nature.

Will execution saves legal hassles, sufferings for family

A person would never want his or her family to suffer after that person is gone. The execution of a will enables the family to live a comfortable life after that person is no longer around and it saves the family from legal hassles and suffering.

Estate planning ensures protection of your family

Many people have a misconception that estate planning is for the wealthy and rich; however, proper estate planning and division of assets among family members will help everyone to get through the tough times. Whether in Missouri or any other state, the person will never want the family to suffer after that person is gone. Estate planning ensures protection of the family and also ensures that assets are divided properly.

Guidelines for planning your estate

It is astonishing that although most American adults contemplate creating an estate plan, a recent survey concluded that only 44 percent have actually acted upon it. Unplanned estates may be subject to unnecessary probate litigation and may be divided according to state laws and not according to the wishes of the deceased. Planning an estate is absolutely crucial to ensuring desirable asset distribution. Several mechanisms, for instance, living trusts and financial and health care powers of attorney, are indispensable in estate planning.