What is “Estate” planning?
Estate planning isn’t about how much money you have. It’s about protecting all that you have for your use during your life, and those you love, after. Your estate plan ensures you can leave what you want to whom you want, and when you want.
Estate planning is not just about your finances. It also consists of what happens to you if you become disabled or incapacitated before you die. If you cannot make your own decisions or handle your own affairs, who will? What decisions will they make? The State has a plan for those who don’t have their own; but if you would like to have a say in these matters, you need to make your own rules with your estate plan.
Your financial advisor and CPA make up part of the team to ensure you are prepared as best as possible, but only an attorney can prepare your estate plan. It can be as basic as a Will, Advanced Healthcare Directive, and Powers of Attorney; or it can include one or more trusts to provide probate avoidance, asset protection, or for a number of other fact-specific advantages.
Estate Plan Maintenance
Once an estate plan is completed, it should be reviewed and kept current with the life events of both you and everyone else included in your plan (successor trustees, beneficiaries, etc.), including but not limited to births, deaths, financial changes, marriages, divorces. In addition, you should keep current on any changes in the law that could have an impact on your estate plan.
Midwest Elder Law Firm offers a maintenance plan that provides you an open phone line to us and an annual review of your plan (at your request) to ensure that your plan remains current with your goals, family, finances, and the law.
Contact us today at 573-445-4755 or send us a message and let us help you determine what amount of estate planning is right for you and your family.
Personal Representatives and Trustees owe an abundance of complex duties to beneficiaries and the courts. We assist clients in identifying their duties and guide them through the administrative process.
Services We Offer
Last Will & Testament
Powers of Attorney
Click here to learn more about our complimentary workshops
Our Clients Say
“Thad Taylor helped my mother with all of the paperwork, communication and certification when my father needed a full-time healthcare facility. He not only worked with the facility, but also Medicare, Medicaid, the Social Security Administration, the Defense Finance and Accounting Services, Tricare, and a major financial investment firm, to insure that my dad was taken care of. Our family could not have done this without his help. I would strongly recommend Thad Taylor to anyone having to negotiate the long-term health care of a loved one.”Michael Wilde 3/21/16Read more
1-24-15 I would like to take this opportunity to say how wonderful the Midwest Elder Law Firm is. I loved the free information class and the attention to detail provided by this firm. Working with them has been easy, as they readily respond to questions and get back to their clients quickly. I would recommend Midwest Elder Law Firm to anyone.Diana L. AhmadRead more
My parents moved in with my husband and me, on a temporary basis, in the fall of 2007 due to failing health. My Dad was the one who always managed their affairs and did so quite efficiently. Due to his declining health it became more and more necessary for me to become involved in their care both physically and financially. My Dad passed away in 2008 in our home. My Mother, having health issues of her own along with the diagnosis of early Alzheimer’s, was unable to return to her own home. Mom never wanted to go to a nursing home and as long as I could provide the care she needed we agreed that our home was to become hers as well. It was at that time that I realized I needed to seek legal counsel to help me navigate the legalities of guarding the assets she and my Dad had worked so hard for. My desire was to care for my Mom in my home as long as possible all the while knowing that at some future time a residential care center was a real, distinct and looming probability. Some dear friends recommended Thad Taylor of Midwest Elder Law Firm. From our initial phone conversation I knew that God, in His divine providence, had directed me to Mr. Taylor. At our first meeting, Thad answered many questions in a forthright and understandable manner and assisted me in considering options that were available to me to keep my Mother at home as long as I could possibly care for her needs. At our next meeting he drove to my home to meet my Mother and to hear first hand her wishes. That spoke volumes to both my Mother and me! Thad drew up the necessary documents and Mom lived with me until the day did come when I, along with other family members, made the most difficult decision we have ever made in our lives: to place my Mom in a residential care center. Even during this time, Thad was supportive of our decision and was there with the legal advice needed to provide for her continued care. As Alzheimer’s gradually claimed the majority of my Mom’s ability to communicate intelligibly, I became her voice in every area of her life. As her power of attorney I became increasingly concerned should something suddenly happen to me. Again, Thad drafted the proper legal forms needed to guarantee Mom would be cared for in the event that should happen. I truly feel that Thad’s knowledge and understanding of the law gave me the assurance I was doing all that I possibly could to provide for my Mother and for her care the way my Dad would have wanted. When God chose to call my Mother home, Thad was only a phone call away with the legal advice I needed, as the trustee of their estate, to properly carry out my parent’s final wishes. Decisions children make in regards to their parents care are some of the most grueling decisions they will ever make. I cannot begin to express with words how grateful I am to Thad and his staff for being there for me during those difficult days, weeks, months and years. I highly recommend Thad and Midwest Elder Law Firm! They truly fulfilled their mission in helping me navigate through a very stormy season of my life with my aging Mother . . . and they did it with comfort, dignity and grace just as they say!Donna Crawford Fair Grove, MORead more
1-24-15 I would like to take this opportunity to say how wonderful the Midwest Elder Law Firm is. I loved the free information class and the attention to detail provided by this firm. Working with them has been easy, as they readily respond to questions and get back to their clients quickly. I would recommend Midwest Elder Law Firm to anyone. Diana L. AhmadRead more
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