Wills and Estate Planning

Wills and Estate Planning
Don't make the mistake of thinking that only the rich, elderly, or those with children need a last will and testament--every adult can benefit from an effective estate plan, including a last will and testament. At Boehmer Law, our Estate Planning Attorneys understand that writing a will isn't the most pleasant of tasks. After all, by doing so you are not only acknowledging your own death, but actively planning for it. That might explain why so many adults avoid this cornerstone of estate planning. However, creating a will is one of the most critical things you can do for your loved ones. Putting your wishes on paper helps your heirs avoid unnecessary hassles, may help avoid arguments among family members, and offer you the peace of mind knowing that a life's worth of belongings will end up in the right hands—those you choose.

Our St. Charles, MO Will Attorneys want to help you with this process. One of our Missouri wills and estate planning attorneys can work with you to devise an estate plan that explains how your assets should be distributed after your death. At Boehmer Law, we can work with you to develop a strategy to reduce estate taxes and help ensure the financial security of your spouse, children, and grandchildren. 

What is the difference between a Living Will and Durable Power of Attorney for Health Care?
Both fall under the umbrella of Health Care Advance Directives. A living will instructs health care providers to withhold or withdraw medical treatment under certain circumstances. In most states, this only applies in the case of a terminal illness or near-death situation in which the patient will die shortly without medical intervention. Living wills do not allow for a surrogate to make decisions for you. Durable Power of Attorney for Health Care (or Health Care Proxy) is a document in which you appoint someone else to make all medical treatment decisions for you if you can’t make them for yourself. The person you name is called your agent, proxy, representative or surrogate. You can also include instructions for decision-making.

What is a will?
A will is simply a legal document in which you, the testator, declare who will manage your estate after you die. Your estate can consist of big, expensive things such as a vacation home but also small items that might hold sentimental value such as photographs. The person named in the will to manage your estate is called the executor because he or she executes your stated wishes.

What is an Estate Plan?
Your estate plan designates who will inherit your property and ensures that your children and loved ones will be taken care of in accordance with your wishes.
Assets of any kind — a home, investments, life insurance, or other possessions — mean that you have an “estate” and you need an estate plan. If you have minor children or are planning to have children, an estate plan is essential.
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