Why Do You Need A Will Or Trust?

"Is it time to for me to start thinking about estate planning?"

 If you are already asking yourself that question, the answer should be automatic - yes. Estate planning is the act of organizing your estate so that your assets and responsibilities are appropriately cared for and distributed to your surviving friends and family members after you pass away. Your estate planning attorney in Camden County, MO will be able to help you properly plan your estate so that the transition will be as seamless as possible. Phillips, McElyea, Carpenter, & Welch, P.C. has a solid team of experienced local estate planning attorneys, and we would be honored to help you make your important preparations.

Wills vs Trusts

 While similar, wills and trusts are important estate planning documents with some distinct differences. For example, a will only comes into effect after your death, whereas a trust may become active as soon as you sign it.  Wills allow you to designate which person will receive which assets after you pass, as well as appoint a legal guardian for any children under the age of eighteen.

 Depending on your particular circumstances, we might recommend drafting a will or a will and a trust as well as other documents known as non-probate transfers to complete your estate planning efforts.

 Different Trusts To Fit Your Needs

Thanks to their ability to fulfill several unique requirements, trusts serve as valuable estate planning tools. From leaving money to charity organizations to avoiding excessive estate taxes for your beneficiaries, trusts allow you to tailor your estate plan to your unique situation.

 We can help you build trusts for several different purposes, including:
  • Education Trusts
  • Living or Revocable Trusts
  • Special Needs Trusts
  • Irrevocable Trusts
  • Charitable Trusts
  • Insurance Trusts

 Quality Estate Planning Counsel
  • Which types of documents should I use?
  • How can I set my assets to be distributed to my children periodically - or not at all until they reach a certain age? 
  • How can I be sure that my estate plans will fulfill all my needs?

As you prepare to build your first estate plan, you probably have several questions. By working with an experienced estate planning lawyer in central Missouri, you will be able to customize your estate planning to meet your specific needs. Our team would be honored to help you with the process.

 Contact Our Team To Plan Your Estate Today

 Life is unpredictable. If you pass away without a proper estate plan in place, your surviving family may be shouldered with a lengthy, complex probate process and steep estate taxes. If you are thinking about planning your estate in the near future, we strongly recommend contacting one of our trusted estate planning attorneys in Camdenton, MO. Schedule your initial consultation with our firm by calling 573-346-7231.
Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C.
The choice of a lawyer is an important decision and should not be based solely on advertising. When you need a knowledgeable attorney, we invite you to contact us to set up a consultation. Evening and weekend appointments are available. We have access to interpreters.

We accept Visa, MasterCard, and Discover.

85 Court Circle N.W., P.O. Box 559
Camdenton, MO 65020   GET A MAP
(573) 346-7231 - Telephone
(888) 236-2485 - Toll Free
(573) 346-4411 - Fax


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Location: Camdenton, MO 65020, USA

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