Estate planning involves the management of your assets during your lifetime as well as your assets ultimate disposition after death. In addition to planning for your assets, you will have the opportunity to make the important end of life decisions in your advanced healthcare directive, often referred to as a “living will.” The proper method of conveying your assets after death depends largely on your individual situation and goals.
There is no “one size fits all” estate plan.
The estate planning attorneys of Westerfeld Law Group will work with you to develop an estate plan that will satisfy your financial goals. Our attorneys based in St. Peters, Missouri, will be happy to meet with you for a free initial consultation. During this consultation, we will discuss your goals for your estate plan and recommend an estate plan that will satisfy those goals. After your free initial consultation, we will quote a flat fee for your estate planning services. Your estate plan may include a(n):
Durable Power of Attorney
Advanced Healthcare Directive
There are certain events in life that make it important to create or update your estate plan.
Your estate plan gives you the opportunity to nominate guardians for your child in the unfortunate event that something should happen to you. Without an estate plan, your assets may pass into a court-supervised conservatorship, which may not provide effective management of your assets after your passing. Your estate plan gives you the opportunity to provide structure for the use of your assets after your passing. You may want your assets to provide for the college or other educational expenses of your children.
If you had an estate plan in place, it is likely that this estate plan no longer achieves your objectives. A well-drafted estate plan will allow you to provide for your children, without the risk of your former spouse gaining control of your assets after your passing. Your estate plan not only addresses what happens after you pass away but also concerns decisions made during your life. Your estate plan gives you the opportunity to nominate one or more people to make financial as well as medical decisions if you become incapacitated.
Call the estate planning attorneys at Westerfeld Law Group, LLC today to begin developing a strategic plan to suit your needs.
Probate is a legal proceeding that gathers assets after an individual’s death and allows a period of time for creditors to file claims against the probate estate and ultimately distributes the assets.
The probate attorneys of Westerfeld Law Group are familiar with the many procedural aspects of probate and will work hard to see that your loved one's probate matter is handled efficiently and effectively. It is worth remembering that proper estate planning during your lifetime can eliminate the need for probate after death, saving time and money for your loved ones.
Reach out to Westerfeld Law Group, LLC, in St. Peters, Missouri, if you have any questions regarding the probate process or need to open a probate case.