Missouri Will Preparation Lawyer
A will is the starting point to building an effective estate plan. In addition to naming the administrator of an estate, it can address important issues relating to asset distribution, beneficiaries and guardians.
At JoAnn C. Donovan, LLC Attorney at Law, we help clients throughout St. Charles County and St. Louis County with will preparation. To start building your estate plan, contact our law office to schedule a free consultation.
Do I Need a Will?
A will provides direction for the distribution of the assets of your estate. Individuals of all income levels, those with children, and those with assets to protect should consider drafting a will if they do not already have one.
Perhaps the most compelling reason to get a will is this: If you die without a will (known as dying "intestate"), State law will determine how your assets are divided, who receives your property, and how your estate will be administered.
What is Contained in a Will?
A will is a customizable document that can address your specific concerns. You will need to name a personal representative, who will ultimately manage the affairs of your estate following your death. One of the main purposes of a will is to set out an asset distribution plan. While necessary if you have many assets, it is also useful for smaller estates, allowing you to specify items of personal property, such as jewelry or furniture to be distributed to particular beneficiaries. You can make a specific bequest to charity or name a guardian for minor children.
Other Components of Your Estate Plan
Our law firm can help you with will preparation and customizing an estate plan that meets the specific needs of you and your family. We may also recommend adding a trust. By transferring property into a trust, that property can bypass the process of probate. Find out more about trusts.
To find out more about estate planning, asset protection, and will preparation, contact our law firm for a free consultation.
