Question 1

What is Probate?

Accepted Answer

Probate is the process of distributing the assets of a deceased individual, also known as an “estate” through a court supervised process.  It can be a costly, time-consuming process.

Question 2

How Do I Avoid My Estate Going Through Probate?

Accepted Answer

A properly executed estate plan can save your loved ones the time, aggravation, and expense of probate after your death. At St. Louis Estate Plans, we will customize a plan for you based on your unique needs and objectives. We will advise you how to safeguard your assets so that they will not become subject to a probate proceeding.

Question 3

Why Do I Need a Will?

Accepted Answer

A will lets you decide to whom you leave your assets.  If you die without a will, the state divides your estate according to law - not your wishes or the needs of your heirs.

It's the best way to nominate a guardian for minor children.

Question 4

When Should I Consider a Trust?

Accepted Answer

If you have healthy assets.
If you have minor children, a child with special needs, or children from multiple marriages.
If you want to put conditions on how and when your assets are distributed upon your death.
If you want to avoid the costs and delay of administering a will through probate court.

Question 5

What Else Do I Need?

Accepted Answer

Power of Attorney: 
Designate an "agent" to act in your best interest and make medical and financial decisions for you
Can go into effect immediately or have “springing” powers and will not go into effect until you become incapacitated.

Living Will or Healthcare Directive:  
Communicate your wishes for the kind of life-sustaining medical treatment you want or do not want in the event you become terminally ill and unable to communicate these wishes yourself.

Question 6

Where Do I Start?

Accepted Answer

Contact Lauren Gilliam to schedule a free consultation.

Think About:
How do you want your assets divided?
Whom will you appoint as guardian for your children?
Whom will you appoint to execute your will or trust?  
Whom do you want handling your financial affairs or making medical decisions for you if you become incapacitated? 
Take an inventory of your assets, how they are titled, and who you have named as beneficiaries.

FAQ

Frequently Asked Questions