FAQ #1: What do I need to prepare an estate plan?Any financial statements from your investments and bank accounts should be gathered as you plan your estate. A complete list of your assets is also helpful. Have a good idea of who you'd like to leave each asset with ahead of time. This can help cut down on the time and help get some of the emotional details out of the way.
FAQ #2: What can I do for my minor children?If you have beneficiaries who are minors or young adults, you can line out a distribution of the trust. This can help reduce the chance of a young heir getting carried away with a large amount of money or assets. You can dictate how you would like your money to be dispursed to your underage child.
FAQ #4: How much does it cost to establish an estate plan?Each situation is unique and your estate plan requirement may differ from someone else. It's not a one-size fits all task. Contact our Lake of the Ozarks attorney to get an estimate for your estate planning process.
Now that you know the answers to common questions regarding estate plans, you're ready to move forward with finalizing your documentation. If you have further questions about the process, feel free to contact our Lake of the Ozarks lawyer today. Gibbons Law Firm can help you set up the right documentation for your estate plan. It's a great way to relieve a heavy burden on your children and make these decisions ahead of time! As your Lake of the Ozarks lawyer, we look forward to helping you set up your estate plan.
Remember, your initial consultation with Gibbons Law Firm is always free.
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Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049