We have all heard negative connotations of the “Trust Fund Baby.” Some of you may have even heard a recent song on the topic (especially if you like boy bands). Unfortunately, this negativity causes many people to think they only need a trust if they are super wealthy. Nothing could be farther from the truth. […]
estate planning lake st. louis
Wills and Trusts Annual Checklist
Clients often ask how often do they need to change, update, or restate their revocable living trusts and/or last will and testament (“Wills”). The answer is, of course, it depends. There are some major life events that may necessitate a change, or at least a review with your attorney. Below is a our Wills and […]
Disinheriting an Adult Child, Should You Do It?
“How do I disinherit someone?” This question comes up a lot more frequently than some people might imagine. Disinheriting a child, or anyone, from your estate plan, will, trust, or other assets is possible. However, take care to make sure you do so properly and we highly recommend professional assistance. Before making the decision to […]
Do You Have an Estate Plan? “No, Because I Don’t Have an Estate.”
Do I need an Estate Plan? It was the spring of 2007 and Joe met with an estate planning lawyer for the first time. Joe was your average middle class guy. He was married to Sally and they had a little one on the way. Joe also shared custody of his daughter from a previous […]
Estate Planning, After a Divorce
Most marriages don’t start off with the end goal of divorce in mind. Unfortunately, nearly 1/2 of all marriages end in divorce. Divorce is a prevalent aspect of the American lifestyle and it can create major problems for your estate plan. Fortunately, fixing those problems is fairly easy with the help of an estate planning […]