While most parents fill their shopping carts with notebooks, binders, and dorm room essentials, there are two items many unintentionally leave off their packing list: Durable Powers of Attorney.
We provide you with tips and wisdom to help individuals understand and create roadmaps for the distribution and preservation of assets and why wealth planning is so crucial.
There are some life events that warrant calling an attorney to get advice either before something happens or right after something happens.
Missouri Governor Mike Parson Issues Executive Order 20-08, Temporarily Allowing Notary Publics to Notarize Official Documents Virtually
On April 6, 2020, Missouri Governor Mike Parson issued Executive Order 20-08, which suspended the statutory requirement that a Notary Public must conduct notarization of official documents while the signor appears personally in front of said Notary Public. Instead, until May 15, 2020, Notary Publics can use audio-video technology to complete the personal appearance requirement. The purpose of this order is to protect the health and safety of Notaries Public across the State of Missouri in lieu of the global pandemic as a result of COVID-19.
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which became effective January 1, 2020.
Since 2012, when Congress passed the American Taxpayer Relief Act, “portability” has been the heart of many estate plans for married couples. Portability allows a surviving spouse to use the deceased spouse’s unused estate tax exclusion (currently $5.49 million). A common estate planning goal of a married couple is to take full advantage of both spouses’ estate tax exclusions. Typically, this is done by funding a Family Trust (also sometimes called a Credit Shelter Trust or B Trust) at the death of the first-to-die with the exclusion amount and leaving the rest to one’s spouse (outright or in trust).