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Are Heirs Responsible for Their Loved-One’s Debts?

Losing a loved one is never easy, especially when you start receiving bills for their debt. The idea of paying someone else’s debts can be overwhelming and confusing. But, are heirs responsible for the debts of the deceased? The short answer is, it depends.

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Estate Planning & Dementia: What You Should Consider

Making an estate plan is always an important step to take when preparing for the future. If you or someone you love is suffering from dementia, there is a new set of factors to take into consideration.

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Second Marriage and Estate Planning

Second marriages are a beautiful thing, but they can also come with specific challenges. If you're entering a second marriage, there are many things to consider, including your estate planning.

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Is a Hand-Written Will Valid in Missouri?

It is never pleasant to think about death. However, creating a will is a continuous process, not a last-minute thought, which is why the sooner you do it, the better. Many people think they can just create a handwritten will “when the right time comes” and that it will be enough. The problem is that handwritten wills do not always hold up in court. In fact, many states do not recognize handwritten wills as valid altogether.

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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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