Proactive Estate Planning Made Easy
There are many do-it-yourself legal forms out on the internet, but such generic documents may not be:
- Personalized to your goals
- Financially advantageous for you and your family
- Accurate and enforceable tools that will hold up to legal challenges
You need an attorney experienced in estate planning law to guide the process. I have considerable experience in comprehensive estate planning, including nonprobate transfers. I help clients all over St. Louis County to not only put their affairs in order but to also advance their interests. Here are some of the elements that you should consider including in your estate plan.
A will is the perfect starting point to develop a coordinated and complete estate plan. Making your wishes known through this type of legal document means that your intentions are more likely to get carried out and your heirs are more likely to avoid uncertainty and conflict. If you do not have a will expressing your wishes for your estate, your property will be distributed according to the laws of the state.
A trust is another legal tool that is often fundamental to a comprehensive estate plan. Property or assets placed in a revocable trust will pass to the designated beneficiary without having to go through probate. This may save money. Establishing a charitable trust can benefit you financially during your lifetime in addition to benefiting your favorite charity upon your death.
A Power Of Attorney And Health Care Directive
A durable power of attorney enables you to name a trusted friend or family member to make health care decisions for you when you are no longer able to do so. In addition, no estate plan would be complete without an advance health care directive. Also called a living will, this legal document is a way to officially state your end-of-life wishes regarding medical procedures.
Find Out More Today
If you are interested in optimizing your estate plan and proactively planning for the future, give Kurt A. Schmid, LLC, a call at 314-626-9803 or contact me online to schedule a free initial consultation.