Estate Planning presents a unique opportunity for you to provide for your loved ones after you pass away, to the very best of your ability and in accordance with guidelines you establish. It can also assure that your financial and health care matters will be attended to, by the person you select and as you have directed, if you later become unable to take care of those things personally. Estate planning is not merely for seniors. Anyone with loved ones and a concern for their future will benefit from having an estate plan. Such possibilities as the birth of additional children and grandchildren, and the deaths of other loved ones, can be anticipated by a well-conceived estate plan. Estate planning is a very wise investment. After all, we all die sooner or later. Knowing that you have planned and provided for your future and that of your loved ones provides a wonderful feeling of security and peace of mind. To get started, you should do three things: establish planning goals; inventory your assets; and decide who will assist you in carrying out your plan.
Estate Planning Newsletters and Videos
- Elder Law Minute: *Correction* If You’re Married & Over 65, Your Wills Are Probably Wrong - A correction to the previous video “If You’re Married & Over 65, Your Wills Are Probably Wrong.” Wes Coulson explains the difference between leaving everything to each other and for each other. Hi, I’m Wes Coulson and this is your Elder Law Minute. I kind of messed up last week, so I’m [...]
- Elder Law Minute: Income Tax Tips for Charitable Giving - Wes Coulson discusses income tax tips for giving to charity and how you can get the most out of your charitable contributions. Through planning, there are ways to save on your taxes when making charitable donations. Hi, I’m Wes Coulson and this is your Elder Law Minute. You probably already know [...]
- The Basics of Medicaid: What You Can and Cannot Keep - In order to begin to understand Medicaid eligibility, you first need to understand how Medicaid will treat your assets. When you apply for Medicaid (known as MO Healthnet in Missouri) benefits, the caseworker who reviews your application will separate your assets into two categories. The first category will be those assets which are [...]