May 2014 Archives

Every person has different objectives for estate planning

Nobody knows what will happen from one minute to the next in life. Life is unpredictable and cannot be totally planned. However, everybody dreams of a long and fulfilling life. Many people in Missouri want their future to be better than their present and they work hard to achieve their goals. Numerous people take one goal at a time and save money and other assets for themselves and for their heirs. Since each person has a different plan for their property and assets, their estate planning is also different from other people's estate plans.

Trusts can be effective in estate planning

Most Americans, including those in Missouri, prefer to control their assets during their lifetime. However, some people do not specifically plan what to do with these assets after they pass away. That is when disputes can arise between family members and loved ones who want a share of these assets.

Storage of living wills made easier by new software application

What options are available to St. Louis, Missouri residents who may be apprehensive that administration of healthcare issues may not be handled in the way they want, if they fall too ill to make decisions for themselves? One of the most common ways to make sure healthcare directives are implemented is to make living wills and assign selected agents with healthcare power of attorney to make decisions on the individual's behalf in case of incapacitation.

Wrongful death suit central to estate litigation

The trauma of unexpectedly losing a loved one is significantly compounded by the legal complications that follow. In St. Louis, Missouri, as well as other states, a sudden demise can lead to a bitter contest about the estate of the deceased in the event the person did not register a will. When it is left to a court to decide who might administer the estate of such an individual, the first question is of the identity of the actual heir or heirs. Often, this gets complicated if there is potential for enrichment upon the estate's division.

St. Louis elderly finish Living Wills on Healthcare Decisions Day

Preparing for old age does not come easily for most people, whether they live in St. Louis, Missouri, or elsewhere. While many of them have a vague idea that serious decisions need to be taken about the distribution of assets and settlement of liabilities, these are often put off for another day.