Whether you are a young adult who is just starting out in life, perhaps newly married or just recently launched a business in Missouri, or you are age 65 or older and thinking more about your own mortality, it is understandable that you want to protect your assets. Some people think such topics are only relevant to old, wealthy people. They are mistaken, however, because it is never too soon to discuss estate planning, and there is no such thing as an irrelevant estate.
Even if you are a person of simple means, you can still execute a last will and testament or a trust or an advance directive. In fact, you can incorporate all these documents (and more) into an estate plan, regardless of the value of your estate. Of course, the higher your net worth, the more complex the estate planning process might be, which is why it is helpful to seek guidance and support.
How to know which documents you need for estate planning
Which documents you wish to include in your estate plan depends on several factors, including what your goals and wishes might be regarding issues such as your finances, business interests, your health, and more. A document that is relevant to your estate might not be important to another estate owner. For example, you might wish to create a trust to hold funds for your grandchildren to go to college. Someone who does not have grandchildren would not need this document.
By scheduling a meeting with Mayer Law Office, in Missouri, you can ask questions and discuss your estate planning goals with an experienced estate law attorney. Once you have a plan in place, an attorney can periodically review it to check whether any changes or updates are needed. Executing an estate plan is the best way to retain control over your assets, as well as ensure that your wishes (regarding health or finance decisions) will be carried out.