Being named the executor of an estate in Missouri is a privilege. You get the honor of being the one whom the founder considers to be the most reliable and trustworthy. However, you can also be exposed to a great deal of hassle. Here are some issues that you may face...
Estate Planning
The challenging process of advanced care planning
On Behalf of Lewis Law Office, P.C. | Jul 28, 2023 | Estate Planning
As parents grow older, their adult children may have to make some difficult choices and equally difficult discussions about elderly care for their moms and dads. Advanced care planning is a legally complex and emotionally-charged step to ensure safety and security....
Selecting the right trustee for your estate
On Behalf of Lewis Law Office, P.C. | May 9, 2023 | Estate Planning
Choosing a trustee to manage your estate is a crucial decision with long-lasting consequences for your family and loved ones. The right person will have the responsibility of carrying out your wishes and managing the assets in the best interests of the beneficiaries,...
How trusts can help you avoid probate court in Missouri
On Behalf of Lewis Law Office, P.C. | Mar 24, 2023 | Estate Planning
Many estate plans are set up to avoid Missouri probate court. Probate court can complicate things for your beneficiaries and lengthen an already painful process. One of the better estate planning tools to help avoid probate court is a revocable trust. Trusts of all...
What types of assets can you place in a living trust?
On Behalf of Lewis Law Office, P.C. | Feb 3, 2023 | Estate Planning
Trusts are powerful estate planning tools that you can use in tandem with a will. Trusts differ from wills in that your chosen trustee assumes the responsibility of distributing assets placed within the trust to your beneficiaries, rather than leaving the process to...
Common misconceptions about wills
On Behalf of Lewis Law Office, P.C. | Jan 17, 2023 | Estate Planning
A will is a legal document that outlines how a person's assets should be distributed after their death. While it is a common and useful estate planning tool in Missouri, there are many misconceptions about wills that can lead to misunderstandings and confusion. Here...
Understanding the different types of fiduciaries
On Behalf of Lewis Law Office, P.C. | Dec 23, 2022 | Estate Planning
Helping aging parents determine how to plan for the future of their estate might be challenging. Understanding the significant roles that people may play throughout the process can offer confidence and limit confusion. Estate planning often involves designating people...
3 Common Mistakes That Executors Make
On Behalf of Lewis Law Office, P.C. | Dec 23, 2022 | Estate Planning
The Trustee of a trust or an estate has to stay on top of a lot of important responsibilities. Unfortunately, making a mistake in their performance of their duties could have serious consequences. If there are more than one Trustee serving as co-Trustees, both...
How to start Medicaid planning early
On Behalf of Lewis Law Office, P.C. | Nov 7, 2022 | Estate Planning
If you intend to use Medicaid to pay for your long-term care needs, starting your planning before you reach a crisis can help you save money and retain property for your beneficiaries. There are many ways to manage your assets so that you qualify for Medicaid....
How to talk about estate planning with your aging parent
On Behalf of Lewis Law Office, P.C. | Sep 1, 2022 | Estate Planning
Talking to your parent about the inevitable is not something that comes easy to anyone, and it only gets harder as time passes. However, you will do your parent, yourself and the rest of your family a favor by broaching the subject of estate planning as soon as...