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Tips for Estate Planning as a Business Owner

  • Problems with the DIY Approach to Estate Planning
    Problems with the DIY Approach to Estate Planning
    Estate planning is a critical step in ensuring your assets are protected and your wishes are honored. However, the do-it-yourself (DIY) approach to estate planning, which has gained popularity due to the ease of accessing online templates and guides, can lead to significant problems and unintended consequences. At Polaris Estate
  • Valuing a House for Probate in St. Charles County
    Valuing a House for Probate in St. Charles County
    Dealing with the loss of a loved one is never easy, and when it comes to managing their estate, understanding the complexities of probate can be overwhelming. In St. Charles County, Missouri, Polaris Estate Planning & Elder Law is here to guide you through the intricacies of probate, especially when
  • How and When to Modify an Irrevocable Trust
    How and When to Modify an Irrevocable Trust
    Irrevocable trusts are a common tool in estate planning, designed to provide asset protection, minimize taxes, and ensure a smooth transfer of wealth to beneficiaries. However, despite their "irrevocable" label, there are situations where changes may be necessary. In this blog post, we will explore how and when you can
  • What Assets Are and Are Not Subject to Probate
    What Assets Are and Are Not Subject to Probate
    Probate is a legal process that occurs after an individual passes away, during which the court validates the deceased person's will, if one exists, and oversees the distribution of their assets to beneficiaries. However, not all assets go through probate. Understanding which assets are subject to probate and which are
  • When Do You Need to Update Your Estate Plan?
    When Do You Need to Update Your Estate Plan?
    Estate planning is an essential aspect of securing your family's future and ensuring your assets are distributed according to your wishes. However, many people mistakenly believe that once they have an estate plan in place, they can forget about it. In reality, life is constantly changing, and your estate plan