Buffalo, Missouri
111 E Main St
Buffalo, MO 65622
(417) 345-2262

Why You Need a Comprehensive Estate Plan September 13, 2017

Buffalo, Dallas
Why You Need a Comprehensive Estate Plan, Buffalo, Missouri

To many people, estate planning is only something upper-class families with several homes and a complicated stock portfolio need to worry about? After all, if you’ve told everyone where you want your belongings to go after you die, shouldn’t your family be able to take care of it? Unfortunately, the situation is a lot more complex than that, which is why everyone can benefit from preparing a will and giving their loved ones the legal authority to act on their behalf.

Writing a Will

estate planningEveryone has something they’ll want to pass on their family or friends. If you own a vehicle, home equity, a small savings account, or a 401(k), you’ll want to ensure that it gets passed on to those you chose. Verbally expressed wishes aren’t legally enforceable, so you’ll need to prepare a will that gives you control over who inherits your possessions. Without it, your belongings will be distributed according to a formula in state law, which doesn’t take your actual relationships into account.

Other Elements of Estate Planning

A good estate plan involves a lot more than just writing a will. For instance, a durable power of attorney can prepare you for the unexpected, giving those you trust the ability to make medical decisions for you, manage your finances, and take care of your affairs if you’re physically or mentally unable to do so. An advanced health care directive gives you even greater control over the type of medical assistance you receive, allowing you to consent to treatment and outline acceptable outcomes if you’re unable to express yourself for any reason.

 

George A. Shaffer, Attorney at Law, is an accomplished legal team with over 30 years’ experience providing high-quality legal advice guidance to clients throughout the Buffalo, MO, area. Visit their website today to see more about their estate planning and other legal services, or call (417) 345-2262 to set up your initial consultation.

Other Announcements, Events and Deals from George A. Shaffer, Attorney at Law
Situations When You Should Hire a Traffic Offense Attorney, Buffalo, Missouri
If you received a ticket for a traffic violation, paying it probably seems like the simplest way to resolve the situation. You might think hiring a traffic offense attorney to fight ...read more
What You Need to Know About Medicare & Medicaid, Buffalo, Missouri
While there are a lot of areas of elder law, many people struggle with understanding Medicare and Medicaid. While there are significant differences, sometimes the prog...read more
Explaining What a Probate Attorney Does, Buffalo, Missouri
When a loved one dies, the beneficiaries and whoever is charged with winding down their estate face a complex legal process, known as probate. This process, in which assets are retit...read more
Why Should You Hire a Will Preparation Attorney?, Buffalo, Missouri
Even though you might believe that you can handle preparing your will alone, there are a lot of specifics involved, and you’ll want to make sure everything is right. With the help of...read more