For people owning significant real estate in Missouri, estate planning can be even more complicated than usual. After all, real estate is frequently one of the more substantial assets anyone owns, and its sale or divestment can be slow and complex, with hidden issues...
Year: 2023
Don’t overlook these estate planning essentials
Missouri residents often overlook estate planning, with many thinking they only need to do something once they reach senior citizen status. Others start the process earlier but believe they cannot change it once they establish a plan. Both scenarios are wrong....
An overview of the spendthrift trust
A spendthrift trust may be an ideal way to protect a beneficiary from squandering or losing an inheritance. The trust itself allows you as the grantor to determine when and how money, a Missouri home or other assets can be distributed or accessed. In addition to...
How divorce can impact a woman’s finances
Missouri law allows individuals of either gender to receive alimony and a portion of the marital estate. However, although women may be entitled to financial resources from their spouses in a divorce settlement, it doesn't mean that they won't experience numerous...
Why joint physical custody might not work for your family
Parenting after a divorce involves both legal and physical custody. Some Missouri parentis might want to share custody, but that might not always be possible depending on a variety of circumstances. While they might continue sharing legal custody, they might need to...
The pros and cons of divorce
Most divorcing couples in Missouri and around the country think carefully before deciding to end their marriages. Thoughts of escaping an unhappy relationship and starting life again free of attachment must be weighed against the financial realities of divorce and the...
Situations when leaving unequal inheritances makes sense
Children typically expect that their parents will leave them equal shares of their estate. Although many people take this route, high net worth families in Missouri may have good cause to grant unequal inheritances to children or other heirs. Multiple scenarios...
Should I hire a certified divorce financial analyst?
Dividing marital property is one of the most difficult aspects of divorce in Missouri. Navigating the financial aspects of your split takes time, especially if you have amassed considerable wealth during your marriage. For some couples, enlisting the help of a...
A top reason for divorce
A marriage can suffer from excessive strain that ultimately leads to divorce. Understanding why couples file for divorce in Missouri and elsewhere may help those hoping to save their marriage. Others may review the statistics to help them navigate their divorce...
Is it a good idea to buy a home in Missouri with termite damage?
With an affordable housing market and plenty of scenery, Missouri is a great state to call home. Whether moving to this state or just moving into a new home, you're likely to see more than a few potential properties. Sometimes, these houses could contain an unwanted...