12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Auxvasse, MO

Overview of Estate Planning in Auxvasse, MO


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a living trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or living will that can indicate the treatments you want or do not want and power of attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free MO Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free MO Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Auxvasse, MO
O'Neill Michael
100 Saint Francois St Francois
Florissant, MO 63031
(314) 830-9289
Attorneys
Hood Law Group
647 E 69th St
Kansas City, MO 64131
(816) 326-8314
Estate Planning, Probate, & Living Trusts, Legal Service Plans, Estate Planning Attorneys, Wills, Tr
Bottaro, Morefield, Kubin & Yocum, P.C.
10401 Holmes Rd Ste 480
Kansas City, MO 64131
(913) 948-8200
Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Legal Service Plans
Kenneth J. Bini P/C?
1610 Des Peres Rd Ste 360
Saint Louis, MO 63131
(314) 862-7805
General Practice Attorneys, Attorneys, Legal Service Plans
Douthit Frets Rouse Gentile & Rhodes
903 E 104th St
Kansas City, MO 64131
(816) 941-7600
Attorneys, Legal Service Plans
Gilbert Geoffrey M Jr
2730 N Ballas Rd
Saint Louis, MO 63131
(314) 567-7350
General Practice Attorneys, Attorneys
McFall Patricia M
2730 N Ballas Rd
Saint Louis, MO 63131
(314) 567-7350
Attorneys, Labor & Employment Law Attorneys, Litigation & Tort Attorneys, Legal Service Plans
McMahon Berger
2730 N Ballas Rd
Saint Louis, MO 63131
(314) 567-7350
Attorneys, Labor Relations Consultants, Labor & Employment Law Attorneys
Renick, John B - Mc Mahon Berger
2730 N Ballas Rd Ste 200
Saint Louis, MO 63131
(314) 567-7350
Litigation & Tort Attorneys, Attorneys
Younger Robert D
2730 N Ballas Rd
Saint Louis, MO 63131
(314) 567-7350
Attorneys, Legal Service Plans, Labor & Employment Law Attorneys, Litigation & Tort Attorneys
Missouri Personal Injury Attorney
11841 Bayberry Ln
Saint Louis, MO 63131
(314) 409-7060
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Nursing Home Liti
Stolze Law Office
11805 Manchester RD
Saint Louis, MO 63131
(314) 965-7000
General Practice Attorneys, Attorneys, Legal Service Plans
JoAnn C. Donovan
330 rue St. Francois
Florissant, MO 63031
(314) 921-6600
Family Law Attorneys
Kallaher Lori Aty
10450 Holmes Rd
Kansas City, MO 64131
(816) 382-6205
Attorneys
Sanders Conkright Warren LLP
1411 E 104th St # 100
Kansas City, MO 64131
(816) 942-6100
Attorneys, Legal Service Plans
Ramboldt, Joe
1001 E 101st Ter Suite 170
Kansas City, MO 64131
(816) 522-5902
Attorneys, Estate Planning, Probate, & Living Trusts, Financial Services
Pierce Law Firm
6314 Patterson Creek Rd
Anderson, MO 64831
(417) 775-5297
General Practice Attorneys, Attorneys, Legal Service Plans
Rex Carr Law Firm
1650 Des Peres Rd Ste 150
Saint Louis, MO 63131
(800) 333-5297
Attorneys, Malpractice Law Attorneys, General Practice Attorneys, Legal Service Plans
Barry John F Attorney
10401 Holmes Rd
Kansas City, MO 64131
(816) 942-5100
Attorneys
Turner John E
10401 Holmes Rd Ste 450
Kansas City, MO 64131
(816) 942-5100
Attorneys, General Practice Attorneys
Matthew J. Floyd LLC
1610 Des Peres Road, Suite 150
Des Peres, MO 63131
(314) 686-4529
Attorneys, Criminal Law Attorneys, General Practice Attorneys, Traffic Law Attorneys, Litigation & T
Boyle Daniel P
755 Saint Francois St
Florissant, MO 63031
(314) 838-4500
General Practice Attorneys, Attorneys
James H Green Law Offices
9728 Colony Pl
Kansas City, MO 64131
(816) 361-4400
Social Security Consultants & Representatives,  Attorneys,  Social Security Services,  General Pract
Albair Robert J
13421 Manchester Rd
Saint Louis, MO 63131
(314) 686-4040
Accident & Property Damage Attorneys,  Wrongful Death Attorneys,  Attorneys,  Personal Injury Law At
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US