An estate plan is a legal blueprint that defines how everything is handled when you are disabled or pass away. A good estate plan gives you the clarity, confidence, and power to control your assets while you are alive and well or provide for yourself and loved ones if you become disabled. Additionally, an estate plan could help you give what you have left to whom you want, when you want, and the way you desire. Finally, in many cases, careful estate planning could ensure that you minimize your tax liability and assure your wisdom is being transferred along with your wealth. A St. Charles County estate planning lawyer could help with all this, assessing your property and family situation to create the best framework for you.
Your ‘estate’ is everything that you own. This can include your home, cash accounts, retirement accounts, life insurance, stocks, vehicles, jewelry, and anything else that you have. Everyone has an estate, some bigger than others. Everyone benefits from an Estate Plan.
There are many different documents you could implement in your framework, five of which are rather important. A Last Will and Testament, a General Durable Power of Attorney, a Health Care Power of Attorney, an Advanced Medical Directive and a Revocable Living Trust are all crucial to protecting your future, and they all work in different ways. A knowledgeable St. Charles County attorney could explain these documents in detail and determine which would be best for your unique situation.
Medicaid Planning & Elder Law
The costs of long-term care are rising at a rate that particularly affects middle class seniors. The majority of seniors will require extended care in some form.
According to state law, every adult has the sole authority to make decisions about their legal rights. Others, not even family members, are not allowed to decide anything without the subject’s consent.
Generally speaking, the most comprehensive estate plans are ones that account for every possible way to transfer property. For many people, the ideal option for their circumstances is to create a trust.
Business must have a solid legal foundation to ensure it can grow. Business and business owner must have a succession plan in place to make sure any transfer is handled according to the owner’s wishes.
When a loved one passes away, either with or without an estate plan, the estate must be administered. The concept of estate administration, which refers to the process of overseeing all aspects of an estate, is essential.
Do you feel stuck or overwhelmed on what to do for your family when it comes to getting your estate planning done? We designed this FREE guide to help provide the easy and consumable answers to the questions we get asked most.Click the link below and get the answers you need to protect yourself, your family and your legacy.
Maybe you want to create an estate plan, but you’re feeling a bit overwhelmed and don’t know where to begin or how to get started? This is just the reason we created this FREE estate planning workshop.
Our Three-Step Strategy™ Can Help You Plan Your Estate
When you work with our estate planning attorneys in St. Charles County, we will walk you through our unique Three-Step StrategyTM to create your custom estate plan and take the additional necessary steps to make sure it meets your goals and works smoothly for your family. family to ensure that your estate settles according to your plan, your wishes, and your goals.
Our attorneys will discuss your estate planning goals, counsel you through all the options you have available, and take the time to truly guide you through the creation of your unique plan. We not only want you to have an estate plan that works, but we want you to know how your estate plan works.
Having your documents in order is simply the first step of an estate plan that works. You will also need to ensure that your property, assets, and belongings are tied to your estate plan. Our team will not only create your estate plan, but we will also make sure you take this essential step to help make sure nothing is missed.
The most robust estate plan in the world means nothing if it is not executed properly upon your disability or death. Every estate, regardless of size, needs to be settled in some way when a loved one passes away. Our team of attorneys will be there for your goals.
Shaped by Their Own Journeys so They Can Guide You
Contact a St. Charles County Estate Planning Attorney to Get Started
With a well-drafted estate plan in place, you can rest assured that your family will not have to endure the public and costly process of probate. You will be confident that your estate will not be depleted by unnecessary taxes and fees. Most importantly, your family will know what your wishes are being respected, which helps avoid complications and unnecessary fighting. Our client driven approach is focused on building a relationship with you and your family. We take pride in dedicating the time to explore all the issues that are important to you. We use this time to develop a comprehensive plan that works well and minimizes disagreement. To get started on your case, call our office and speak with a St. Charles County estate planning lawyer.