Posts tagged "death"

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 to ensure the validity of wills in Missouri

It is critical for a will to be legally valid and steps must be taken to ensure that during its formation. In Missouri, like anywhere else in the US, a will is an instrument that ensures that the property of a deceased person is distributed according to his or her intention, which is explained in the instrument itself.

Some points to remember while drafting a will -- Part II

Saint Charles, Missouri, residents know that wills form the grounds upon which an effective estate plan is prepared. Some of the critical aspects that an individual needs to address while drafting a will were discussed in an earlier post on this blog. Once issues, such as identifying assets and executors, are settled, the next step is to choose the estate's beneficiaries, who consist of three types: primary, secondary and contingency.

Some points to remember while drafting a will - Part I

There was a time when people believed that wills and trusts were only meant for those people who had immense wealth. However, as Missouri residents may know by now, that is no longer the case, as people of varying net worth are reaping the benefits of a well-crafted estate plan. The base element of an estate plan is the will. A will expresses a person's wishes in regards to their property after death, and in the absence of a will an estate is entered into probate and property is distributed according to the probate court's orders.

Present wills for probate within the deadline in Missouri

The death of a loved one is truly a sorrowful event, but it is also a matter of legal significance. The legal aspects can be even more complex when the deceased person was well-off and left behind considerable wealth for his or her heirs. In such cases, as residents of Saint Louis, Missouri may know, having a valid will is crucial. However, unless the will is presented to a judge for probate within a specified time, it will not be considered legally valid.

Executing rocker's will a challenge for heirs

An estate plan for every St. Louis, Missouri, resident is very important in order to ensure stability while one is alive and a smooth transition after death. Unfortunately, many people do not seek adequate guidance while finalizing an estate plan and, as a result, executors sometimes face unique challenges. Rocker Lou Reed's multi-million dollar estate may be prove to be challenging for his heirs.

Estate planning and the need for a well worded will

Probate laws vary from state to state. For example, in Missouri, the law allows any individual to completely avoid probate by creating a living trust. Along with many other legal instruments, wills form an essential part of estate planning. In certain cases however, an improperly planned estate might run into expensive legal proceedings.

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.