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Tag: update your estate plan

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Ozarks Legacy Planning

What Should I know about a Financial Power of Attorney?

Has a loved one named you their financial power of attorney? Are you ready to take on all the responsibilities that entails? Hopefully, you won’t be called into action anytime soon, but with the coronavirus pandemic continuing, it’s something to think about.

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David Payne Law's office in Republic Missouri

Which Takes Priority in a Conflict: a Will or a Trust?

A will and a living trust are both part of a comprehensive estate plan, that sometimes are inconsistent with one another. When there are conflicts, the trust takes precedence.

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Revocable Trust Agreement

Does Your Estate Plan Need a Will or a Trust?

One of the most fundamental choices you can make as you’re thinking about how to pass your assets on to heirs, is whether you hold assets in a revocable trust or more simply give them via a will. Both approaches have advantages, although trusts can provide significantly more benefits.

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Missouri Revocable Trust

Should I Create a Trust?

The main reason that people choose to have a living trust instead of a will, is that it avoids the probate system. Probate is the legal proceedings to decide whether a will is legal and binding. It also is the court session to decide where the property will go, if there is no will provided.

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n the shore of a lake in Southwest Missouri

Top 10 Reasons To See An Estate Planning Attorney!

It took my husband Mike’s heart attack to force us to recognize the need for having an estate plan. It was not smart. You are smarter than that. Create an estate plan today.

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A misty morning in the Ozarks

C19 UPDATE: Setting Up a Strong Estate Plan in the Time of Coronavirus

Who will make decisions about your finances and health (maybe even your life) if you get COVID-19?

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Family estate planning

Update Your Estate Plan to Protect Spouse and Children

Imagine you get married and within a year or two, your new spouse passes away. Now, imagine that your grief is compounded with financial stress.

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You Can Complete Your Estate Plan During the Coronavirus Quarantine

If you are quarantined or under a lockdown and can’t get to a notary, how can you get your will, trust and other documents executed? Don’t give up. There are ways to get it done without leaving home.

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David Payne Law's office in Aurora Missouri

Finalizing Estate Planning Documents while Social Distancing

Besides seeking to draft or alter wills and trusts, many clients were changing trustees, executors and the agents they assigned to oversee their finances and health care, if they were unable to make decisions themselves.

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What Medicare Mistakes can Ruin Retirement?

Medicare is a crucial part of retirement, yet 72% of Americans say they wish they better understood how the program works, according to a survey from Nationwide.

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