Florissant, MO Will Preparation Attorney
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, 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.
St. Louis Trusts Lawyer
St. Louis County Revocable Trusts Attorney
At JoAnn C. Donovan, Attorney at Law, we help people plan for their futures through wills, trusts, and other estate planning tools. A trust is different from a will. Among other benefits, having a trust can allow an individual’s property to bypass the process of probate − a costly and time-consuming legal process.
To find out more about how having a trust can benefit you, contact our law office to schedule a free consultation with a St. Louis trusts attorney. Located in Florissant, we serve clients throughout St. Charles County and St. Louis County.
What Is a Trust?
To set up a trust, ownership of property and assets is re-titled to the name of a trustee for the benefit of the named beneficiaries. Certain trusts allow the former owner, the grantor, to access the trust assets during the grantor’s life.
Types of Trusts
A trust is a very flexible legal instrument. We can explain the type of trust that may be right for you, and help you create one based on your specific requirements. Our firm handles the creation of a wide range of trusts, including:
- Living trusts
- Irrevocable trusts
- Revocable trusts
- Special needs trusts
- Charitable trusts
Probate − the process of administering an estate after a death − can be a lengthy and costly legal process. A benefit of having a trust is that any property it holds does not need to go through probate because property titled in the name of the trust is not part of the decedent’s probate estate. Many families wish to bypass the probate process, and many find that a trust is an effective way of doing so.
If you are the personal administrator of an estate, or the trustee of a trust, we can help you with the probate and trust administration processes.
Contact a St. Louis Trusts Attorney Today
To find out how a trust can provide asset protection and help avoid probate, contact a lawyer. We offer a free 20-minute consultation.