Category Archives: Estate Planning

Most people know what a Will is, but the concept of an estate plan is a little less well known. Do you need an estate plan rather than a Will? A Will is actually just one of the components of a comprehensive estate plan. It’s arguably one of the most important components, but an estate […]

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 […]

When you’re considering plans for the next phase of life, you may hear terms like elder law and estate planning being used to describe the necessary steps one must take to ensure that both you and your loved ones are taken care of. But how do you decide which is right for you? Speaking with […]

Since the Tax Cuts and Jobs Act was implemented, there is an even greater incentive for donors to consider whether their planned giving will have an immediate or future benefit. When structuring your charitable giving plan, speak with your Springfield estate planning lawyer about these five giving options to minimize your tax obligations. Donor-Advised Fund […]

If you’re thinking about creating a plan for how your estate should be handled, then you’re probably wondering whether you should create a will or a trust as part of your estate plan. While there are some definite benefits to creating a trust over a will, the types of trusts available – namely, revocable versus […]

Families with special needs children need to take extra care when making plans for their estate. When the parents of special needs children are no longer around to care for their son or daughter, their estates must play the role of enhancing and enriching their children’s life. From enrolling in essential public benefits like Medicaid […]

If you’re hard at work planning for the future of your estate, you might be trying to decide between a will or a trust and could find yourself at a crossroads regarding whether your trust should be revocable or irrevocable. While each instrument is essentially designed to do the same thing – leave your estate […]

People decide to give to charities for a variety of reasons, whether it’s to honor a loved one or make good use of the wealth they acquired in their lifetime. Aside from the enormous benefits a charitable giving plan can have both on the people you’re serving and on you, a charitable giving plan also […]