Mar
2
Q: If I have an uncomplicated estate, will a simple will ensure my assets are distributed the way I want?
A: Maybe, but there is no guarante. A simple will can be an effective tool that can provide for the outright distribution of assets for an uncomplicated estate. However, different states (and Missouri is no exception) have different rules regarding wills and estates. To be certain your estate is properly allocated, no matter how simple it may seem, you should consult a professional. Without professional help, your estate may spend a long time going through the probate process, causing greater complications for your loved ones.
Jan
7
This is the first entry of the Luckenbill Law Firm, LLC Blog.
My brilliant computer man, Steve Driscoll, has impressed upon me the importance of starting a blog and sharing potentially valuable thoughts with the internet world.
This law firm exists to help people with long term financial and estate planning. I earned a Master’s Degree in Finance and a Law Degree at the University of Missouri-Columbia ( see resume on website for more info about me ).
Estate Planning thought for the week. TRUE OR FALSE: A will controls the distribution of all my property at my death. ANSWER: Almost always FALSE. Many other legal and contractual facts pertaining to one’s specific assets might control the disposition of one’s property. For example, if one names a person as a beneficiary on a life insurance policy, after the beneficiary submits acceptable proof of the claim to the insurance company, the insurance company will send the death benefit proceeds to the named beneficiary(ies). (PERIOD). The wording of the Will has no effect on this result.
In the next blog entry, I will likely pose the question: If one has a simple Will, what does is do?
Jan
7
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