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.
Been working with a New Madrid family that has worked hard over the last several decades and have accumulated an estate that is likely to cause there to be federal estate tax when they die. They were anxious to determine what needed to be done to reduce the ultimate federal estate tax burden. We had […]
Today I had a phone call from a potential client. She had just received a notice that her wages were going to be garnished. She was concerned that if her wages were garnished her family wouldn’t be able to pay their remaining bills to keep the lights on and food in the pantry. A co-worker […]
Recently I worked with a family who had a family farm just outside Cape Girardeau county. They told me they had three main estate planning concerns. First, they had two kids. They wanted to make sure that when they were gone, their son and daughter would be treated fairly. It was also important to them […]
Last week we held 2 estate planning workshops – one in Cape Girardeau and one in Jackson. The major purpose of these workshops is to educate individuals about what happens with no planning and the difference planning can make. I have yet to have someone attend the workshop and tell me that they didn’t learn […]
As an attorney focused on Elder Law, many clients ask me, “How much does a nursing home around Cape Girardeau cost?” The answer is that it depends on which facility you go into. Different facilities have different rates… and they change frequently. As of November 1, 2016, here is the cost of skilled nursing facilities […]
The first time I was asked to assist with a bankruptcy case, my initial reaction was, “OK, I’ll take one for the team, but this isn’t something I want to do.” That first case completely changed my perspective. It was a mom and dad who had 2 young kids. In the past the dad had a very […]
Our new office location is in Cape Girardeau at 2007 Independence Street. That’s near the new Walmart Neighborhood Market and in between John’s Pharmacy and the Grecian Steakhouse. Mailing Address is: Law Office of Mark McMullin 2007 Independence Street Cape Girardeau, MO 63703
Example. Kirk and Lisa wanted to make their estate settlement simple for each other and for their three children. Knowing that assets in a revocable trust avoid probate, they created a trust and transferred their stock, home, LLCs into their trust. Kirk and Lisa “heard” that life insurance avoid probate because it’s paid to the […]
Perhaps you are wondering, “What are the differences in the estate tax proposals for Donald Trump and Hillary Clinton?” In its current pre-election form, an estate must pay federal estate tax if the estate has a net fair market value in excess of $5.45 million as of the date of death. The estate tax rate […]
It’s common for individuals who own real estate to procrastinate estate planning. Too frequently, individuals procrastinate too long and end up passing away with no plan in place for their real estate. The result: legal confusion. One family comes to mind. The wife had real estate that was only in her name. When she passed […]
