Need-To-Know Information About Estate Planning
It is important to nominate a guardian for your minor children.
A parent of a child can, through their will, nominate another person to be the guardian for their minor children upon their death. Then the probate court will make their determination as to the appointment of a guardian. By law, the probate court HAS to give preference to the person nominated by the parents but the probate court still makes the appointment.
Understand who your property goes to upon your passing.
If a person dies without a will, the laws of intestate succession provide that the property passes to the decedent’s heir which includes that person’s children.
Consider purchasing life insurance.
Life insurance can bring peace of mind to whoever purchases it. No one likes to think about what happens when they die, but it's really important that you have a plan in place for your family. For example, let's say you are the primary provider for your family, as in you pay most of the bills and your family depends on your salary to make ends meet. If you pass away without life insurance, your family will likely be in financial trouble. But, if you have a proper life insurance policy in place, the coverage amount you have, will at least help your family financially when you are no longer around to do so.
Gibbons Law Firm Is Here For All Your Estate Planning Needs.We understand that no one likes to think about what happens when they pass away, but having a proper estate plan in place is actually a positive thing. You are ensuring that your wishes are met at a time that you won't physically be able to express them. Our Lake of the Ozarks attorneys can help you get your estate plan in place and ensure your wishes are being met. Give us a call today at the number listed below. Your first consultation is free. You can also follow us on our social media channels listed below to stay up to date on our latest announcements.
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