April 2015 Archives

What does the Missouri Anatomical Gift Act entail?

Anatomical gifts are by definition bequeathing one's bodily organs to medical science under the testator's will. In simple words, one may express his or her wish to be an organ donor after one's death in his or her will. In some instances, the testator may consult professional legal attorneys in order to make a will that expresses the desire for donating one's organs after their death so others may be able to live a fulfilling life.

Proper will execution can ensure a testator's wishes are honored

Most people who have something they want to leave behind to relatives or close friends understand that Missouri law requires them to leave a will or trust or some other legal device that clearly states their intentions. If they do not, their assets and properties go into the hands of the state for distribution. Sometimes these assets and properties eventually end up with these relatives or friends, but not always.

How important is financial inventory in estate planning?

Financial inventory is a very important document in estate planning. It provides the executor with all information required for proper will execution, thereby saving time and money. It also helps the estate owner with financial planning since it presents a concise view of one's own finances on a given date. Every Missouri resident executing a will should consider preparing a financial inventory in advance.

Irrevocable trust a preferred choice for blended family

In Missouri and throughout the entire United States more people are living in "blended" families. Divorced couples are re-marrying and bringing their children from previous marriages into their new lives. Estate planning is essential for such families to determine how the property will be divided among the heirs when either parent passes away.