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When you are looking for personal attention during your estate planning process, trust in our experienced team. Call today to speak to our friendly staff and schedule a consultation at (417) 234-1874.
Plan for your future
When you are looking for estate planning, the Law Offices of BJ Richardson understands that family is essential. That’s why we strive to make sure you feel part of our team when you visit our law offices. We are there for you through the distress and agitation that frequently comes with the legal process of estate planning.
What is Estate Planning?
The essence of estate planning is the “act of considering what will take place in the event of your death.” Besides regulating what will happen to your property, estate planning may also incorporate accords about any young children you may have and their property along with taxes, bypassing probate, health care while you are still alive, and what should be done with your body after death. Below you will find a brief explanation about each of these areas. If you have any questions at all, feel free to contact us.
Estate planning can include naming a guardian to care for any young children that may be left behind if the child’s other parent is not available. A custodian or property manager can be assigned to manage your children’s property as well.
For some time, average families utilized their estate plans to bypass or decrease inheritance and estate taxes. Nonetheless, federal estate tax is currently imposed on extremely affluent estates, most valued at several million dollars. Consequently, if you have an average estate, there is no need to be concerned about estate taxes; however, some states do levy inheritance and estate taxes on less affluent estates. Fortunately, Missouri does not have any death or inheritance tax.
Health Care Arrangements
An estate plan can be used to make decisions concerning the type of health care you prefer before death. In addition, a power of attorney can assign an individual to make health care determinations on your behalf if you become incapacitated. Additionally, a living will can explain more clearly what type of health care you prefer.
Probate is the means by which the court will distribute your property following your death. However, this can be an expensive process that can take a long time to resolve, which is the reason why many individuals prefer their estate plan to bypass the probate process.
Your Final Wishes
Many people include instructions in their estate plan concerning what should happen to their body following death along with the type of memorial or observance desired.
Taking Control of Your Estate Planning
Why not take control of the estate planning Springfield has to offer by contacting our law offices? We tailor your estate plan to suit your wants and needs taking into consideration family dynamics and long-term consequences. By hiring the Law Offices of BJ Richardson in Springfield Mo, you are making the first move to securing the future of your loved ones. Life or death should not be a deterrent to your legal wishes being met.
Have a trusted person
Speaking For You
There may come a time in your life when you no longer can make decisions for yourself. Because of age or health reasons, many times you would benefit from having a power of attorney. While you still can, come in and designate a person you can count on to take care of your financial matters and health care decisions.
You decide what happens
To Your Belongings
No matter what type of finances or assets you may have, you want to be sure that they go to those you want after your passing. We are experienced in helping you with Living Trusts, as well as planning and writing your Will.