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When a person is diagnosed with Alzheimer’s disease, the first thing they should consider is their options for long-term care. Unfortunately, the disease completely takes over a person’s mental faculties, resulting in their needing around-the-clock care. Most families won’t be able to take on such an arduous level of care, and long-term care will be […]
Fans of the popular television show Succession may be somewhat familiar with what happens when a person dies without a solid will, but the laws will be different from state to state. If you die without a will in Missouri, your assets will be transferred to your closest relatives because of the state’s intestate succession […]
Whenever people talk about probate, they tend to make it sound like it’s a nightmare for everyone who undergoes the process. While it’s true that probate can be a complicated process – and that some instruments like trusts might be more advantageous for people with diversified assets – they don’t have to be prohibitively hard. […]
A durable financial power of attorney is an important tool in your estate planning toolkit. The word “durable” means your financial power of attorney will continue to be valid even if you become incapable of making financial decisions on your own, providing protection for your financial life in the event of a tragedy. But if […]
Fictitious name registration is required in Missouri any time someone runs a business under a name that’s not their true name. You may know of this as a DBA, or “doing business as.” More specifically, registration of a fictitious name is required under Section 417.200 of the Revised Statutes of Missouri. It’s important that you […]
It’s easy to form a partnership in Missouri because you don’t have to register general partnerships with the state. But general partnerships don’t give you limited liability. Instead, each partner has joint and several liability, which means each partner is liable for all of the partnership’s debts and obligations. There are, however, other types of […]
The law can often get complicated and technical, and this is as true during the probate process as it is in other areas of law. If you’re embarking on the probate process in Missouri and find yourself confused by the probate-related legal terms you’ve been encountering, this guide should help. A Short Glossary of Probate-Related […]
Taking the steps to put together and implement an elder care plan is a good decision no matter how old you are. When you talk with a Branson elder lawyer about elder care planning, they will most likely ask you several questions–including questions related to the following two types of powers of attorney that can […]
People often put off making a will, but there are many reasons why you should have one. You may believe it’s fine to create a will at a later date because you’re young and in good health, but we all know that no one can say with any certainty what the future has in store. […]
If you’ve been thinking about setting up a living trust, you probably already know that a living trust’s revocability gives it the kind of flexibility that makes it an ideal estate planning tool. Most people set up living trusts as part of their estate plans for two reasons: A living trust helps to protect your […]