Experienced Missouri Estate Planning Attorneys

It is never too early to start planning your estate. At Van Matre, Harrison, Volkert, we know how important it is to plan, protect, and preserve your assets so that your wealth will be transferred according to your wishes. Our experienced lawyers offer complete estate planning services to clients throughout Missouri. Whether you are writing a will, a trust, or dealing with probate issues, contact our law offices.

Van Matre, Harrison, Volkert, and Hollis, P.C.
1103 E. Broadway
Columbia, MO  65201
Phone: (573) 874-7777
Fax: (573) 875-0017
e-mail

At Van Matre, Harrison, Volkert, and Hollis, P.C., we serve clients throughout Missouri including the Mid-Missouri Region, Boone County, Howard County, Audrain County, Callaway County, Cole County, Monroe County, Randolph County, and Macon County as well as the cities of Columbia, Jefferson City, Fulton, Osage Beach, Moberly, Macon, Mexico, Lake of the Ozarks, Camdenton, Boonville, Kansas City, and St. Louis.

Estate planning allows an individual to plan for his or her lifetime objectives and to provide direction about the disposition of his or her assets after death. Estate planning can include wills and trusts as well as powers of attorney and healthcare directives. Estate planning is impacted by state and federal law, and any individual may find that more elaborate or creative legal means are necessary for his or her situation. Some of these more complex techniques include trusts, family limited partnerships (FLPs), and limited liability companies (LLCs). An estate planning lawyer can be an essential ally in assuring that your estate planning goals are understood and carried out. If you have estate planning-related legal questions, call our firm today to schedule a consultation with an estate planning lawyer.

Estate Planning Basic Documents

Because estate planning allows an individual to ensure that his or her property will go to the people he or she wants, in the way he or she wants, and when he or she wants, it is important for everyone, even if an estate is likely to be small, to have an estate plan. An estate plan can help to reduce tax liabilities, court costs, and attorneys' fees, and it can also make it easier for families to cope with the administrative and financial issues that arise after the loss of family members.

Estate plans should typically include at least two important estate planning instruments: a durable power of attorney and a will. A durable power of attorney is a document that authorizes a person to make decisions for a person who has become incapacitated, including decisions about the incapacitated person's property. A will is a document that sets out the plan to distribute a person’s property after her or his death.

Documents relating to medical care can also be part of an estate plan. Documents to consider include a medical directive (also called an advance directive, a physician's directive, a written directive, or a durable power of attorney for healthcare) to designate a person to make healthcare decisions for a person who has become incapacitated, a healthcare proxy (also called a proxy directive) to designate a person to make healthcare decisions regardless of a person's incapacity, and a living will to express a person's desire regarding the use of extraordinary measures to extend her or his life when there is no reasonable expectation of recovery.

Estate Planning and Financial Goals

Estate planning can help to identify and plan for financial needs during life and after death. Financial needs to consider include retirement income, college funding, replacement income following an unforeseen illness or disability, and the needs of surviving family members. To meet these financial goals and to ensure appropriate utilization of assets during life and orderly and efficient distribution of assets after death, an estate plan may include making gifts to individuals and charities during life, purchasing life insurance, using revocable and irrevocable trusts, purchasing annuities, and rearranging personal and business interests. In addition to federal gift and estate taxes, state inheritance taxes, which vary from state to state, must also be considered to meet financial objectives.

Conclusion

Asset protection strategies, healthcare directives, powers of attorney, and other estate planning devices are an integral part of the services that an estate planning attorney can provide. If you have questions about estate planning, contact our firm to schedule a consultation with an estate planning attorney.

Copyright ©2007 FindLaw, a Thomson Business

DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.

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We so often hear that hard work is the path to achieving the American dream. But retaining as much of our earnings as possible for our family can be a challenge. An experienced estate planning attorney can work with you to assure that your hard work results in the accumulation of assets that are protected from liabilities. Asset protection planning can insure that tax liabilities are minimized for your family after you have gone. Contact an estate planning attorney today to get started.

Like it or not-each day of our life we get older. If you need extended nursing home care, you will want to insure the assets you have spent a lifetime accumulating will not suddenly disappear. Your home and other assets will need to be protected for your family. The court will appoint a stranger to act as your conservator or guardian in the event you have not previously chosen one.. These are issues that you have control over and consulting with an estate planning attorney will allow you to plan your future as you get older.

Many people die without having made estate plans such as preparing a will or setting up a trust. When this occurs, the law dictates how your property is distributed and a court may pick the guardian of your children. Dying without making estate plans can also increase the likelihood that your loved ones will not be cared for. Too many people put off addressing these important issues when simply meeting with a qualified estate planning attorney will provide you with lasting peace of mind.

In many such cases in which a person becomes incapacitated, courts appoint an outsider to make decisions about financial and health matters. The way to insure that a person of your choosing will act on your behalf is to designate somebody through a power of attorney. Working with an experienced estate planning attorney, you will gain peace of mind in knowing that, should you become incapacitated, your interests will be protected in the manner that you choose.

Estate Planning Resource Links

How Much Estate Tax Will You Pay?
This estate tax calculator adds up many different types of assets to get an estimated estate tax figure for your current estate.

Federal Estate Tax Laws
The Federal Estate Tax laws start at Section 2001 of the Internal Revenue Code.

Federal Gift Tax Laws
The Federal Gift Tax laws start at Section 2501 of the Internal Revenue Code. The estate and gift tax laws should be looked at together because there are many overlapping provisions; state laws should also be considered.

Copyright ©2007 FindLaw, a Thomson Business

DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.