Estate planning services refer to the process of managing and distributing one’s assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.
Discover effective estate planning strategies for seniors in Cape Girardeau. Find out how to afford skilled nursing care in your senior years.
It’s easy to overlook an important task after a spouse or other loved one passes away – like retitling assets. It’s a little thing with big ramifications. Follow this checklist to help make a challenging time less confusing.
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
As we all adjust and adapt to a world with coronavirus, I wanted to check-in and let you know some of the issues that we are encountering. Today that is about Healthcare Directives. First, my friends and associates in healthcare in Cape Girardeau and Poplar Bluff tell me that although they we haven’t seen many […]
Over the last two weeks we have been receiving this type of phone call, “Hi, I’m calling because I don’t have any estate planning done and I need to get a Will.” These potential clients are calling because they know they need a Will (actually they need more than a Will but that’s another conversation…) […]
Would Giving Your House to our Children be a Good Decision? You may be afraid of losing your home if you have to enter a nursing home and apply for Medicaid. While this fear is well-founded, transferring the home to your children is usually not the best way to protect it. Although you generally do […]
The 2018 data is in. The cost of Skilled Nursing Home Care in Missouri according to Genworth is $5,543 per month for a private room and $5,019 per month for a semi-private room. That’s a cost of $66,516 per year for a private room and $60,228 for a semi-private room. How does this cost compare? Nursing home […]
senior matters expo 2018 On Saturday, October 6, 2018 we were at the Senior Matters Expo at the Drury Plaza Conference Center in Cape Girardeau. The Senior Matters Expo is for seniors by age (65+) and seniors in high school (age 18). The result is that you have vendors ranging from nursing homes to clothing […]
Full probate is time consuming and expensive. As an alternative, many states have created special rules for “small estates” that make the process go faster and cheaper. In Missouri, to qualify as a Small Estate, the value of the estate must be less than $40,000. Missouri Statute 473.097 sets out when a Small Estate can […]
