Serving Seniors, Young Families, Individuals and Businesses in Springfield, MO & the Surrounding Areas
Comprehensive estate planning covers nearly every aspect of life. It begins with protecting yourself and your personal dignity, and extends to protecting your loved ones and your hard-earned assets.
Follow the links below to learn more about our estate planning services provided at Parks & Jones, Attorneys at Law:
At Parks & Jones we are devoted to providing viable solutions to safeguard your assets given the high cost of long-term and nursing home care. We focus on tangible solutions to lessen the burden for individuals and families concerned about future nursing home costs, or who may already be facing these costs.
Learn more about elder law.
What is Elder Law?
Elder Law is an area of our law firm’s practice addressing the issues associated with aging. These areas include Medical Powers of Attorney, Living Wills, Retirement Planning (What to do with your IRA, etc.), Life Insurance, and the prospect of long-term care and nursing home expenses.
Learn more about what elder law is.
In today’s ever changing healthcare climate, planning for the possibility of long-term care can be a daunting task. Healthcare costs, especially long-term nursing home costs, are on the rise, and the planning tools available to protect from these costs are challenging to navigate alone.
Learn more about being Proactive in elder law.
Sometimes the inevitability of long-term care sneaks up on a family and their loved one is close to needing a nursing home, or the loved one is already in the nursing home. In this “crisis situation” families often panic, wondering what will happen to their loved one and how long it will be before money runs out. In this context, there are several elder law tools and strategies available to provide significant protection of assets. When one no longer has the luxury of planning ahead and making it through the 5-year waiting period before needing nursing home care, this focused and timely planning strategy safeguards as much of your (or your loved one’s) assets as possible.
The attorneys at Parks & Jones, Attorneys at Law will work with you to create and implement an estate plan to protect and provide for you and your family. Smart estate planning must be flexible to account for life’s changes, whether the changes are personal, such as the ability to change or add beneficiaries, or prompted by external circumstances, such as changes in the law. The team at Parks & Jones works to keep clients in control of their assets and financial affairs through building long-term relationships with clients and helping them navigate changes in their families, their finances, and changes in the law over the course of time. This long-term planning approach helps ensure a plan set up today will work the way it should both the day after creation and ten years following.
Learn more about estate planning.
What is Estate Planning?
Estate planning is a process of determining WHO will receive your property and assets after your death and WHEN and HOW the transfer will occur. No matter how little or much a person owns every person has an estate; therefore, everyone needs to make a plan for how it will be distributed. This “distribution” takes into account all kinds of factors, including, but not necessarily limited to the age of the beneficiary, the beneficiary’s ability to manage money, the beneficiary’s marital status (and strength of the marriage), the beneficiary’s disability status, the likelihood a beneficiary may have a creditor, etc..
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Who Needs Estate Planning?
Everyone needs estate planning, a general term that applies to all types of people in all walks of life. No two estate plans are exactly the same. At Parks & Jones Attorneys at Law, we work with you to tailor and design your estate plan to meet your and your family’s needs and goals.
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How Much Does It Cost?
Here is a lawyerly answer, “It depends!” Without knowing you and your specific situation Here is a lawyerly answer: “It depends!” Without knowing you and your specific situation, we do not know what tools we need to use to accomplish your goals. Click below for some important information on the issue of attorney’s fees at our law firm.
Learn more about the cost of estate planning.
Estate Planning Tools
Designing the right estate plan for a particular client is like constructing the perfect home: both the attorney and the client must know exactly which tools to use to reach the desired result. Once we have carefully heard and understood what our clients wish to accomplish, we carefully craft the right plan to help them achieve those personal goals.
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Navigating the various benefit programs available to senior veterans can be a daunting task. Medicaid vs. Medicare. Vendor Benefits vs. Home and Community Based Waiver Benefits. Assisted Living vs. Skilled Nursing. Veterans Housebound vs. Veterans Aid & Attendance. Veterans Benefits vs. Medicaid. The list could go on. You are not alone in your quest for answers on how you or your loved one will receive needed care and how you will pay for such care. We are here to help you navigate that process and help you discover the solutions you may not know exist.
Learn more about Veteran’s Aid and Attendance.
Wealth Protection is essentially about empowering clients to preserve their wealth. There are a multitude of tools clients can use to accomplish this goal. Our job is to meet with you and understand your unique set of circumstances and craft a plan that suits your situation. Essentially, our job is to put you and your family in control of your property and financial affairs.
Learn more about Wealth Protection.
Probate & Trust Administration
At Parks & Jones, we offer a comprehensive array of estate, probate, and trust administrative services from pre-administrative consultation, to overseeing the proper distribution of your estate, to the final accounting and closing of the estate. Even if the estate avoids probate, we offer services assisting your fiduciary in making sure your estate is handled just as you had planned.
Learn more about Probate and estate & trust administration.
When it comes to business law, today’s business owners are often confronted with issues such as appropriate choice of entity, employment matters, state and federal filings and real estate considerations. At Parks & Jones, we assist businesses in a variety of ways; from implementing the founder’s vision of the business to the orderly succession of ownership.
Learn more about Business Law.
If you have not planned before retirement, the time you start thinking about retirement is a time to think about business succession planning. You can try to tackle this on your own, but your best bet is enlisting the assistance of an experienced business succession attorney, like those at Parks & Jones, Attorneys at Law. We have the background and skills to help you plan for the future, putting you, your business partners, your family, and your business in the best position for a profitable and smooth transition when that time comes.
Find out how we can help you preserve your family business.
If you had the chance, wouldn’t you prefer to put off paying your taxes? They’re costly, frustrating, and just so, well, taxing! That’s why 1031 exchanges are so convenient when selling certain kinds of real estate.
Learn more about 1031 Exchanges.
Estate Tax Planning
A regular visit with your attorney helps ensure that your estate plan would still work as originally designed and provides an opportunity to make any needed course corrections based on your present situation and your future estate tax planning goals.
Learn more about estate tax planning.
Special Needs Planning
Special needs is the broad category of requirements and care for individuals suffering from a wide range of physical disabilities, medical conditions, intellectual difficulties, or emotional problems.
Learn more about Missouri Special Needs.
Charitable gift planning can be a simple process. For example, you can write a check, hand over cash, transfer stock, or sign a quit-claim deed to real estate directly to the charity of your choosing. On the other hand, there are more involved strategies whereby you can give and receive depending on your unique circumstances.
Learn more about Charitable Giving Strategies.