Introduction Chapter 7 bankruptcy, commonly referred to as “liquidation” bankruptcy, provides relief to individuals who are overwhelmed by unsecured debt and lack the means to repay it. This legal remedy allows qualifying debtors in Missouri to discharge most, if not all, of their unsecured debts and start fresh financially. While Chapter 7 can be a…
In Missouri, if you die without a Last Will & Testament (will), your assets will be distributed according to state “intestacy” laws. In summary, those laws give your property to your closest relatives, beginning with your spouse and children. If you lack a spouse and children, your grandchildren or your parents will be next in…
If you read my monthly articles regularly, you know the cornerstone of any estate plan is a Last Will and Testament, (hereinafter, “Will”). But a Will has many limitations and should never stand alone as a plan for your future. The following are a few of the limitations for Wills: A Will does not completely…
