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Sometimes it seems the estate planning world is rigged to accommodate married couples with children, with steady jobs in the corporate world. When a person is a business owner, an entrepreneur, or perhaps a free-lance worker, specific drafting may be necessary to meet that family’s unique needs. Estate Planning for Freelancers and the Self-Employed: Protecting […]
Don’t Fall for These Common Estate Planning MythsHaving a well-crafted, up-to-date estate plan gives you peace of mind knowing your final wishes will be honored—no matter when or where the time comes. Life is unpredictable, and so are the laws and circumstances surrounding death. That’s why it’s essential to plan ahead. At Dorcey Law Firm, […]
Proceeds from a bona fide loan received by a Medicaid applicant are considered income in the month of receipt, and are considered a resource the following month and thereafter if not expended in the month of receipt. Proceeds from a loan are anything an individual or their spouse receives from someone that they agree to […]
Why It’s Critical to Have a Valid Will – Before It’s Too LateThe person who creates and signs a Will is known as a testator. In order to make a valid Will, the testator must have what’s called testamentary capacity — that is, the legal and mental ability to understand what they’re signing and why. Unfortunately, […]
Securing Your Legacy: The Importance of a Living Trust in MissouriFor many people, ensuring their loved ones are financially protected after their passing is a top priority. One of the most effective ways to achieve this is through strategic estate planning. Among the various tools available, a living trust stands out as a powerful option—particularly […]
Heir vs. Beneficiary: Why the Difference Matters in Estate PlanningEarly on in the estate planning process, one of the first and most important decisions you’ll make is naming the individuals or organizations who will receive your assets after you pass away. These recipients are commonly referred to as beneficiaries. You may also hear the term […]