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What is a Family LLC?

Do you and your spouse own a small business together?  Perhaps, you and your spouse invest in rental properties or even own a family farm.  What is the connection between being a family, a business owner, and estate planning? As a family and business owner what type of estate planning should you consider? Let’s explore some answers to the questions. What is a Family LLC or FLP? FLLC stands for a Read More

What’s Wrong with DIY Estate Plans?

Do It Yourself (DIY) projects exist in many different areas such as landscaping, bathroom remodeling, and even pouring a patio. Consumers browse through websites and links watching instructional videos and reading how-to manuals.  People read and try to find answers to complex questions.  If a mistake happens, the fallback plan is either try to fix it or hire a professional.  While a physical project Read More

Estate Plans for Business Owners

Image from AdobeStock Dust off the cobwebs of the COVID19 year. It’s time to get back into the game of business or even step up for a new mile marker of achievement. However, it’s not just time to take care of business. It’s time to take care of your estate plan. What is the connection between your business and your estate? How does estate planning protect you as a business owner? Estate planning solutions in Read More

Are Granny Cams Legal?

Two scenarios for electronic monitoring Seniors and Elderly parents exist.  One happens when children place hidden cameras in their parents’ own home. Often adult children view cameras as an electronic babysitter in the home. The camera is used as a safety measure or even to prevent elder abuse.  The other scenario is monitoring the care of a loved one living in a nursing facility.  Electronic surveillance with Read More

Seniors Beware the Scammer

Thief in black clothes on grey background Seniors Beware the Scammer.  Many good and caring people live in the world. In times of disasters, and the Pandemic, we saw strangers with big hearts, helping out and going the extra mile for others. We celebrate folks who volunteer their time to help others in need, especially during disasters. We celebrate even small ways acts of kindness such as a person who holds the Read More

Estate Planning and Grey Divorce

We started hearing about grey divorces from the lives of politicians and celebrities.  The recent announcement by Bill and Melinda Gates  reinforced the trend of people divorcing after the age of 50 years.  It’s not only the rich and famous becoming “Silver Splitters;” it’s also the everyday husband and wife calling it quits.  This article focuses on how Diamond Divorces affects estate planning. Read More

What is Wealth Management?

This article focuses on advanced estate planning and asset protection for affluent families. Over 65 types of trusts exist in estate planning. Each trust serves a different need or purpose.  One type of estate   plan may fit for one individual or family; yet may not be the best solution  for another.  Most are familiar with the terms Last Will and Testament or a Living Trust.  Wills and Living Trusts provide a Read More

What Happens If I Die Without a Will?

Many Americans spend a lifetime earning a retirement, paying for a home, building up a dream savings.  People spend years gathering but very little on life planning. You may ask, “What happens if I die without a last Will and Testament?” In St. Louis County Missouri, more than fifty percent (50%) die without a will.  Let’s take a look at what it means to your family if you die intestate.    Without a Will, What Read More

How do I Give Money to Charity When I Die?

Often, I sit down with single people and older adults who want to leave money to a charity.  The question asked is “How do I give money to a charity when I die?  One option is to create a Charity Trust to support a non-profit cause that is close to your heart. Are you single and have no children?  Maybe you have children but want to leave money to Charity.  A Charity Trust allows you to give money to a recognized Read More

If I Die, What Happens to My Pet?

Are you a pet owner? I am a lifelong dog owner. For me, my dog is a member of the family. We love our dogs and cats and for some of you other types of pets. Many animal lovers truly feel that their pets are their best friends. What happens to the dog or cat if you die or become incapacitated? What happens if your pet outlives you?  Pet Trust-Your Legal Solution You may recall that I published a blog discussing the Read More