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…
When creating your estate plan, it is important to understand the difference between probate and non-probate assets. Probate assets are those subject to court administration in a process through which a court determines how to distribute your property after you die. Some assets are distributed to heirs by the court as probate assets while others…
Attorney, Todd Miller of the Law Office of Todd Miller, LLC in Jefferson City, Missouri was recently elected 2nd Vice District Governor of District 26-M7. Miller’s responsibilities include supporting the other two district governors in the implementation of local and international Lions Club agendas. Growing membership is Miller’s primary emphasis as service clubs like the…
In part one of this two-part series, we discussed some of the important steps toward placing a loved one or friend in the care of a nursing home or residential care facility. As we previously discovered, this is a very challenging topic for nearly everyone and requires bravery, patience, teamwork, and sometimes the help of…
The term Power of Attorney is often misused. A Power of Attorney is a legal document through which a principal appoints a person to act on their behalf as their agent or attorney-in-fact. The person acting on behalf of a principal is not a Power of Attorney as many incorrectly suggest. People use a Power…
Digital assets are simply defined as content that is stored digitally. Some common types of digital assets include photos, music, videos, power point presentations, Excel spreadsheets, Word documents, logos and other branded graphics, audio files, PDF’s, and access codes to bank accounts, credit card accounts, investments, and the like. For some, these assets comprise a…
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin, in a letter to Jean-Baptiste Le Roy, 1789. Benjamin Franklin was correct. Death is inevitable for all of us. As a result, each Missourian should…
The establishment of a solid estate planning package is essential, even for the rich and famous. Although adored by fans and showered with swag at ceremonies like the Oscars, celebrities as a whole seem no different than the average American when it comes to making estate planning mistakes. Just like many people who lack celebrity…
In the wake of a recent, controversial event occurring in St. Louis, Missouri involving attorneys Mark McCloskey and his wife Patricia McCloskey, who displayed guns in an attempt to protect their home and lives from trespass and harm, this article does not seek to express a political position on gun ownership and possession. Instead, it…
