• Nicolas Grimwood, Esq.

Wills and Trusts: Not Just for the 1%


Many people commonly assume that unless they are wealthy, there is no need to prepare an estate plan. This could not be further from the truth. In fact, a will (or some other form of estate planning) is an invaluable tool to ensure that a number of protections are in place for those closest to you.


These protections extend far beyond who gets a certain piece of furniture in your house or how your coffee mugs are divvied up.


While wills and other devices can be used to bestow certain possessions or amounts of money on specific people, the primary purpose is to protect you, your legacy and your loved ones from having a stranger make those decisions. For example, if a person passes away without a plan in place (known as dying “intestate”), ownership of that person’s possessions (and custody of any minor children) will likely be determined by the court system using a process set out by law, regardless of whether you may have wished otherwise.


Precious family heirlooms, bank accounts, homes and other such things will be divided according to a judicial determination in an impersonal, public courtroom.


By taking some time to plan ahead, difficult times can be made much less stressful and anxiety-inducing for those closest to you. Children, spouses, parents and other loved ones can be spared many of the uncertainties they would otherwise face. And you can be assured that you (and not the court system) will be the one choosing how your legacy is shared with those you love and care about the most.


Should you wish to find out more about how you can protect your family and your legacy, we invite you to call or email us today.



*This article is intended for information only and is not intended to be construed as legal advice. The choice of a lawyer is an important decision and should not be based solely upon advertisements.


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Fenton & Grimwood is Branson, Missouri's leading law firm in the areas of estate planning, business and real estate. 

We take great pride in our reputation for honesty, integrity and dependability in all that we do.

 

Fenton & Grimwood, Attorneys at Law, LLC is located in Branson, MO and serves clients in and around the Ozarks, including such areas as Forsyth, Kirbyville, Hollister, Rockaway Beach, Taneyville, Walnut Shade, Branson West, Ridgedale, Blue Eye, Kimberling City, Galena and Taney, Stone and Christian Counties.

 

We are a full service estate planning, business law and real estate practice with lawyers able to provide comprehensive planning in the areas of wills, trusts, powers of attorney, probate and trust administration, probate avoidance planning, revocable trusts, long-term care planning, wealth protection, special needs trusts, business succession, charitable planning and estate tax planning. Additionally, we can provide assistance with NFA Gun Trusts, business entity formation, articles of incorporation/organization, operating and partnership agreements, contracts, promissory notes, guaranties and deeds of trust assignments and assumptions, purchase or sale of businesses and business assets, deeds, easements, liens, quiet title actions, leases and  purchase or sale of real property.

Disclaimer: This website is for informational purposes only and the use thereof does not create an attorney-client relationship. The choice of an attorney is an important decision and should not be based solely upon advertisements.​

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