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Five Common Misconceptions About Estate Planning
According to surveys, a large percentage of Americans have no estate plan. They think estate planning is for the elderly or the wealthy. The truth stands in direct contradiction to this belief. Estate planning is for everyone. By debunking common estate planning myths, you can build an effective strategy to protect you and your family. A multi-state estate planning lawyer from Stange Law Firm, PC, can help you in your estate planning process. 1: Estate Planning Is Only for the Wealthy Estate planning becomes necessary when you possess any personal property, such as your house or automobile, have a family,
Tips on Estate Planning for Blended Families
Blended families, a group that’s growing every year, face special challenges when it comes to estate planning. In addition to one or more former spouses, blended families may include stepchildren, shared real estate, and property and assets from before and after a new marriage. If you don’t plan carefully, you could accidentally disinherit a child or create unnecessary stress and family discord when you die. About Stange Law Firm At Stange Law Firm, we care about you and your family. We understand that there are many complex legal and financial decisions that you have to make, and we are here
Estate Planning Mistakes to Avoid
It’s important to have a valid and enforceable estate plan in place. Unfortunately, you never know when your time is up, and it’s vital that you have a plan that your family can benefit from by protecting your assets and making sure they’re distributed accordingly. Estate plans are common not just among the wealthy, but among anyone who wants their family’s future protected. It’s easy to make mistakes with your plan. A Missouri estate planning lawyer can help. There’s nothing wrong with being prepared. The last thing you want is to pass away without an estate plan in place. The
Preparing for the End
People often start considering an estate plan when they get older. Ultimately, you never really know when it’s your time to say goodbye, but having an established plan in place for that time can only help you in the long run. It can be supremely difficult to prepare for the end, as you often don’t know that it’s coming. However, sometimes you do know, and there are actions you might want to take sooner rather than later with a Missouri estate planning lawyer’s help. There’s nothing wrong with being prepared when it comes to having an estate plan. After all,
Can Marital Infidelity Impact Your Estate Plan?
Putting together a comprehensive estate plan can be tough work, especially if you are trying to put it together on your own without any experienced legal help. An estate plan is something you establish to ensure your loved ones are financially protected in the event of your death. An estate plan reflects your most accurate wishes for the distribution of your assets. If your spouse were to be unfaithful, that could change things. A Missouri estate planning lawyer can help. It’s important to keep in mind that your spouse may only lose certain inheritance rights if you take the proper
Updating an Estate Plan After Marriage
It is essential to maintain an up-to-date estate plan. The last thing you want is for your plan to no longer reflect your wishes when the time comes. Many people may think of updating their plan following a major life event such as a death, a birth, or an adoption. One of the most common life events that involve updating an estate plan is a marriage. When you get married, you will likely want to include your spouse in your plan. A Missouri estate planning lawyer can help. It’s perfectly understandable to want to provide extra legal and financial protections
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