Estate Planning in Florissant, Missouri
Estate Planning Law Firm Serving Those In Florissant, Missouri and the Surrounding Area
Estate planning is critical for effectively managing and distributing your assets according to your wishes through wills, revocable living trusts, irrevocable trusts, durable powers of attorney, and health care documents. Many individuals are surprised to discover that they already have an estate plan by default; without specific legal directives, their estate will be distributed posthumously in accordance with Missouri’s intestacy laws. This default plan might not align with personal preferences. By establishing a comprehensive estate plan, you can ensure that your estate is distributed according to your wishes, not the state’s. Engage with an experienced estate planning lawyer in Florissant to tailor an estate plan that reflects your desires and needs.
More About Estate Planning
Your Last Will And Testament
A will is an integral component of a complete estate plan. Without one, you are considered to have died “intestate,” meaning your assets will be distributed according to state law. Important aspects of wills include:
Powers Of Attorney
A power of attorney grants a designated individual (the attorney-in-fact) the authority to make decisions on your behalf, based on the document’s specifics. This authority concludes at the principal’s death and may also end if the principal becomes incapacitated. For designating a decision-maker in the event of incapacity, a durable power of attorney is necessary. It’s advisable to regularly update this document to prevent difficulties with financial institutions that may question its validity over time.
Health Care Documents (Or Advance Directives)
Advance directives outline your medical and personal care preferences in the event that you lose the ability to make or communicate decisions. These documents are binding in Missouri and allow you to appoint someone to make decisions on your behalf, including specifying conditions under which you would not want life-prolonging treatments. Additionally, you can authorize your medical providers to disclose your medical information to selected individuals, enabling them to make informed decisions about your care.
Taking the steps to create an estate plan with the assistance of a proficient attorney in Florissant is vital for ensuring that your wishes are honored and your loved ones are protected. Start the process of securing your legacy by consulting with an estate planning expert in Florissant today.
Book An Initial Call With Formula Law
Get your plan in place now before it’s too late! Having a solid plan for your estate is an essential bedrock of protecting you and your family.