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How to Handle Creditors’ Claims as an Executor or Trustee

Estate administration matters, such as handling creditor claims, can require significant time and attention from executors and trustees. Estate executors and trustees in Missouri may find it challenging to navigate the legal waters in estate administration situations.

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Important Tips for Executor of the Estate

When a person passes away, their assets—commonly called their estate—must go through a legal process known as probate. If the person has penned a last will and testament, that document will have named someone to oversee the probate process. That person will be named the executor of the estate when the will and death certificate are presented to the circuit court in the county in which the person died.

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The Role of the Estate Executor

If someone you were close to has recently passed away and you’ve been named the executor of their estate, there are several responsibilities you’ll need to be aware of. However, many people who find themselves in this role are unsure of even the most basic duties that this job entails.

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Creating a Business Succession Plan

A business succession plan is an important document for any business owner. It outlines the steps to be taken in the event of retirement, disability, death, or other unforeseeable circumstances.

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Common Estate Disputes

It’s no secret that estate planning is essential. The process empowers you to make decisions that reflect your individual goals and the best interests of your beneficiaries.

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The Importance of Having a Trust

Life is unpredictable, and while it is difficult to think about, planning for the future is important. It is essential to be as prepared as possible by creating your estate plan. A trust is a useful estate planning tool that can help take care of your family in ways that a will cannot.

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Why Estate Planning Is Important

Planning for your end-of-life wishes may be far from your mind today. However, it is always possible that the unexpected may happen, leading you and your family into a difficult situation.

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FAQs About the Missouri Probate Process

Probate is a legal process to satisfy creditors and transfer assets to designated beneficiaries when a person executes a last will and testament, commonly referred to as a will. Probate is also mandated when a person dies without a will – called dying intestate. With no will, the state’s law of intestate succession determines who gets what.

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First Steps After a Loved One Dies

Losing a loved one can be heartbreaking and emotional. You may experience different intense and overwhelming emotions, including emptiness, shock, sadness, or regret. However, while grieving your loved one’s demise, there are some crucial duties and rites you need to perform.

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Estate Planning Attorney vs. Online Forms

Nowadays, people use the internet to do an increasing number of tasks. Creating an estate plan is one of those tasks that you can do online. However, the legal value of online forms or DIY estate planning is rather questionable.

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