Category: Estate Planning

Long-Term Care Insurance

A common estate planning goal for many people is to avoid Medicaid estate recovery. One way of planning for an individual's long-term care costs and potentially reducing Medicaid estate recovery…
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Joint Tenancy

Before the rise of non-probate transfers of real and personal property, as well as  revocable living trusts, the joint tenancy with right of survivorship was a common device used to…
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Do I need a Will or a Trust?

Clients frequently ask "Do I need a will or a trust?" The answer depends on the client's estate planning goals. For most people, the chief objective of estate planning is avoiding probate.…
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Do I need a Will?

A common question in estate planning is “do I need a will?” The short answer is “yes,” although the reason why is probably different than you think. As explored in…
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What is a Trust?

A trust is a relationship in which property is held by one person for the benefit of another person. A trust has three fundamental roles: settlor, trustee, and beneficiary. The…
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What happens if you die without a Will?

One of the most common questions in estate planning is: “What happens if you die without a will?” An individual who dies without a will is said to die intestate.…
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What is Estate Planning?

At its most basic, estate planning is preparing for the end of life. It is a difficult, but necessary topic. Estate planning typically involves creating a comprehensive plan that accounts…
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The Estate and Gift Taxes

The estate tax, or “death tax,” is a hot topic in estate planning. However, today, the estate tax does not impact most people. For much of history, the estate tax…
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Missouri Asset Protection (“MAP”) Trusts

Missouri Asset Protection (“MAP”) trusts are a type of irrevocable trust. As the name suggests, a MAP trust is designed for asset protection. In sum, a MAP trust, like most…
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