Estate Planning Archives - Page 4 of 7 - St. Charles County Estate Planning Lawyer

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

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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

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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

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Navigating Power of Attorney in St. Charles County: Your Guide to the Different Types

As you journey through the world of estate planning, you'll inevitably encounter the concept of "power of attorney." But did you know that there are various types, each serving a unique purpose? Polaris Estate Planning & Elder Law, your trusted partner serving all of Missouri, is here to guide you

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The Do’s and Don’ts of Beneficiary Designations: Your Guide to Securing Your Legacy

When it comes to estate planning, it's not just about crafting a will and crossing your fingers. Beneficiary designations play a vital role in ensuring your hard-earned assets are passed on seamlessly to your loved ones. Today, we're diving into the world of beneficiary designations with the experts at Polaris

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Queen Elizabeth II Has Died. Here’s What Will Happen to Her Estate