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The role of trustee is a central part of a trust and selecting the right trustee is crucially important. The trustee is bound by the directive terms of the trust document (and by applicable law) but also often has some discretion in carrying out their responsibilities. Being purposeful and clear about who is appointed is key.

Trusts are one of the most misunderstood documents in life and estate planning. While a trust is not typically included in a discussion of the core estate planning documents, it is not far from that discussion. There are numerous variations with respect to the types and functions of trusts, the details of which will be spared from this summary.

A power of attorney for health care decisions complements a health care directive but is unique in its purpose and function. It is generally advised that you have both a health care directive and a power of attorney over health care decisions.

Whether starting a new business or operating a long-standing company, one of an LLC’s most important steps will be to formulate a meaningful and complete operating agreement. An Operating Agreement will determine various components of the company’s operation and define and detail the relationship among the members of the company.

While there are unique challenges to estate planning with young children, there are a handful of very viable and helpful solutions. With the right tools and the right approach, an appropriate estate plan can thoroughly plan for the needs and interests of children.

Individuals and couples with young or teenaged children face unique hurdles in estate planning.  In truth, many of these considerations...

Does Having a Will Keep You Out of Probate Court? | Schleiffarth Law Firm LLC Property that you own when you die is typically controlled...

Having a Trust as part of your estate plan can help you avoid probate and reach better and smoother outcomes when compared with simply...

An effective estate plan in Missouri nearly always includes a general power of attorney.

Is a Trust or a Will better in Missouri? In most cases, a Trust-based estate plan is preferable and superior to a Will-based estate plan

It is typically advisable to take the necessary steps to avoid probate.