Estate Planning FAQs
When some people hear the words, "estate planning", they may think they have all the time in the world to do that and they just put the process off. What's sad about that is that no one ever knows what day is going to be their last on Earth and that's really something that is just out of your control. But, there ARE things that you can control NOW, such as making sure your loved ones don't have to go through a lot of trouble getting your estate together, planning your funeral, and tracking things down that they desperately need upon your passing during a time where they are already grieving. You do that by having a strong estate plan in place that covers these sorts of things so your loved ones are saved from having to go through these hassles when they are already trying to just get through mourning you.
We get it, this sounds really sad, but you have the power to get things in order now and the sooner you do that the sooner you don't have to think about these sad things anymore because you've got your estate plan in order. One of the best things you can do is just to call an experienced estate planning lawyer at the Lake of the Ozarks to help. Here at Phillips, McElyea, Carpenter, and Welch, we can help you with drafting documents, such as the following:
We get it, this sounds really sad, but you have the power to get things in order now and the sooner you do that the sooner you don't have to think about these sad things anymore because you've got your estate plan in order. One of the best things you can do is just to call an experienced estate planning lawyer at the Lake of the Ozarks to help. Here at Phillips, McElyea, Carpenter, and Welch, we can help you with drafting documents, such as the following:
- living wills
- guardianships
- conservatorships
- probate administration
- non-probate transfers
- beneficiary deeds
- wills
- trusts
- powers of attorney
- health care directives
... much more. We can make sure your estate plan is a valid one. Having an invalid estate plan can lead to things like:
- Your estate being subject to higher taxes.
- Disputes arising among heirs.
- Property becoming subject to division based on the intestate laws of the state of Missouri, not your wishes.
Give our Lake of the Ozarks estate planning attorneys a call today for your free consultation. We can be reached at (573) 346-7231. Throughout our time helping clients with their estate plans, we have received a few frequently asked questions (FAQs). Keep reading for the answers to a few Estate Planning FAQs.
Estate Planning FAQs
Q: What are some of the key things that can go into a will?
A: A will is put into place so you can make your wishes known at a time where you physically can't because you are no longer with us. You may choose to include valuable assets in your will and the beneficiary that you wish to leave them to. These valuable assets may include a house, a car, land, or maybe small items such jewelry your elders may have left behind for you, that you may want to leave behind for your loved ones. If you're a parent, you may name your guardian in your will, which leads us to our next question.
Q: What is a guardian?
A: A guardian is the trusted person you name in your estate plan to care for your minor children in the event you pass away before they are of age.
Q: Can I leave anything to my pet in my will?
A: Legally, pets can't be left property in a will because they can't own property, but you can name a person to care for your pet in your will.
We hope you found these answers enlightening, but if you have a different question regarding estate planning, please do not hesitate to give us a call. At Phillips, McElyea, Carpenter, and Welch, we understand that estate planning is not “one size fits all.” We can help you with your individual estate planning needs and answer any questions you may have. Our consultations are free and you don't have to call to make an appointment, we accept walk-ins if that works better for your schedule. To ensure someone is here, it's best to call but if you happen to stop in without calling we are still glad to help you! For more information on how we help clients with their estate plans, please visit our website at www.PMCWLaw.com.
Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C.
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109 East Highway 54, Suite 103
Camdenton, Missouri
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ReplyDeleteThanks for this meaningful information. Estate planning is a collection of documents, tools and actions that are utilized to determine what steps will be taken in distributing your assets after you pass away or how decisions should be made in the event that you are unable to make those decisions for yourself. Hopefully NIZAM HASHMI PROFESSIONAL CORPORATION can help you properly to take right decision.
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