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Estate Planning for Engaged Couples: 5 Smart Steps to Take Before the Big Day You’re in one of the most exciting seasons of your life—preparing to marry your partner and start a future together. Between wedding planning, guest lists, and all the celebrations, it’s easy to overlook less glamorous topics like estate planning. Still, taking […]
When a new child is on the way, many things come to mind, including getting the financial and legal house in order. At the Elder and Estate Planning Law Firm of St. Louis, we can help you prepare for the arrival of a new member of the family with estate planning designed to anticipate that […]
Understanding Medicaid Crisis Planning for Long-Term Care Most individuals over the age of 65 will require some form of long-term care during their lifetime—statistics show that around 70% of seniors do. Elder law helps individuals and families prepare for this possibility by developing strategies to fund care without depleting all personal assets. One of the […]
IRAs play a special role in estate planning. As qualified funds, these accounts automatically avoid probate, and also require designated beneficiaries. As such, IRA accounts are typically not placed into a revocable trust. Additionally, these accounts will have special considerations when received after the death of the original owner. Understanding Inherited IRAs and Their Role […]
A variety of unusual assets can be considered countable assets, including mineral rights, timber rights, easements, leaseholds, water rights, life estates and remainder interests. Other types of property that may be considered an available resource or transfer include: Mineral Rights Timber Rights Easements Leaseholds Water Rights Life Estates Remainder Interests The equity value of these […]
While families often think a great deal about how distribute the bulk of their estate, the real estate and the financial assets, oftentimes personal items go unaddressed. Don’t Overlook the Small Stuff: Why Personal Belongings Matter in Estate Planning When people think about inheritance, they usually imagine large assets like homes, cars, and investment portfolios. […]