An estate planning attorney assists clients with the planning and distribution of their estate while reducing tax burdens and other related expenses. Estate planning, or the process of arranging the disposal or dispersal of your estate after your death, is important for most people to consider. Unfortunately it is neither a pleasant nor an easy task and requires plans for taxes, guardians, and beneficiaries. With that in mind, most of us need help, and the best place to get that help is an estate-planning attorney. The following includes a few of the items that an estate-planning attorney can help you with. If you have any questions about your estate, assets, or even long term care options, contact a St. Louis estate planning attorney today.
Estate Planning Attorneys in St. Louis
The Law Office of Cathy Steele, P.C. 314-732-4238
Things an Estate Planning Attorney Can Help You With
Documents & Paperwork: If you, like most of us, dread documents and paperwork then don’t worry. An estate planning lawyer will help you with all of the legalese so that all you have to do is go over your plans and sign in the right places. Most St Louis estate planning lawyers will draw up all of the paperwork you need and often get it notarized when necessary. Essentially, they handle the really tricky part of estate planning for you.
Decide on a Type of Trust: Depending on you, your estate, and your beneficiaries you may need a number of different types of documents. For example, you might need a living trust, which essentially creates an entity of your possessions and property. This type of trust goes on living after your death and is moderated by a person of your choosing, until it matures. A living trust is the best way to go if you want to ensure that your estate is moderated and used with care after your death, or if you want to ensure that your beneficiariesonly receive your estate under certain conditions. On the other hand, if you just want to tell the government who should get your estate, you may be better off with a will. A St Louis estate planning attorney will help you with this information so that you can choose the best option for your needs and situation.
Power of Attorney: Your lawyer can help you with choosing and creating a professional power of attorney. While you do have to choose someone that you trust, your lawyer can help you with managing the paperwork and legally setting someone up as your financial or personal attorney. This person will manage your affairs and your estate should you become incapacitated.
Store Paperwork: Finally, an estate planning attorney in St Louis can help you with storing and handing out paperwork after your death or incapacitation. This should include storing all of your important documents such as deeds of property, bonds, and other financial information in a place where your power of attorney can access it.
While an estate-planning attorney is not for everyone, many people, especially those with medium to large size estates, find that it is significantly easier to hire one than to do without. While there are other options, an attorney is the best option for anyone who wants the legal matters to be handled by a professional.
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From Wikipedia, The Free Encyclopedia: Receipt of probate is the first step in the legalprocess of administering the estate of a deceased person, resolving all claims and distributing the deceased person’s property under a will. A probate court (surrogate court) decides the legal validity of a testator’s will and grants its approval (which word derives also from the Latin probo, probare) by granting probate to the executor. The probated will becomes a legal document which may be enforced by the executor, in the law-courts if necessary. A probate also officially appoints the executor (or personal representative), generally named in the will, as having legal power to dispose of the testator’s assets in the manner specified in the will.