Estate Planning & Administration

Estate planning and administration are integral aspects of ensuring individuals and families have peace of mind regarding the management and distribution of their assets and affairs both during their lifetime and after their passing. Rynearson, Suess, Schnurbusch & Champion (RSSC) recognizes the importance of these legal services and offers comprehensive estate planning and administration assistance to clients in Missouri and Illinois.

Estate planning involves the creation of legal documents and strategies to manage and distribute assets according to a person’s wishes in the event of death or incapacity. RSSC’s attorneys work closely with clients to develop personalized estate plans tailored to their unique circumstances, goals, and concerns.

One of the primary tools utilized in estate planning is the Last Will and Testament, which allows individuals to specify how their assets should be distributed upon their death and nominate guardians for minor children. RSSC’s attorneys provide guidance on drafting wills that accurately reflect clients’ intentions and comply with applicable legal requirements.

In addition to wills, RSSC assists clients in establishing trusts as part of their estate plans. Trusts are versatile estate planning vehicles that can help individuals achieve various goals, such as avoiding probate, minimizing estate taxes, providing for minor children or beneficiaries with special needs, and protecting assets from creditors or spendthrift heirs. RSSC’s attorneys have expertise in drafting trusts and advising clients on the most appropriate trust structures to meet their objectives.

Advanced healthcare directives and powers of attorney are essential components of comprehensive estate plans that address issues related to medical care and financial decision-making in the event of incapacity. RSSC works with clients to prepare these documents, ensuring that their wishes regarding healthcare treatment and financial management are clearly communicated and legally binding.

Estate planning also encompasses strategies for minimizing estate taxes and maximizing the value of assets passed to beneficiaries. RSSC’s attorneys are knowledgeable about estate tax laws and regulations in Missouri and Illinois and provide guidance on implementing tax-efficient estate planning strategies, such as gifting, charitable giving, and leveraging tax-saving trusts.

Furthermore, RSSC offers estate planning services for business owners, helping them develop succession plans to ensure the smooth transition of ownership and management of their businesses upon retirement, disability, or death. This may involve structuring buy-sell agreements, creating business trusts, or implementing other strategies to preserve the continuity and viability of the business.

Following the death of a loved one, estate administration involves the legal process of settling the decedent’s affairs, including identifying and valuing assets, paying debts and taxes, and distributing assets to heirs and beneficiaries according to the terms of the decedent’s will or state intestacy laws. RSSC assists executors, administrators, and trustees in navigating the complexities of estate administration, guiding them through each step of the process with compassion and expertise.

In conclusion, estate planning and administration are essential legal services that provide individuals and families with peace of mind regarding the management and distribution of their assets and affairs. Rynearson, Suess, Schnurbusch & Champion is committed to helping clients in Missouri and Illinois develop customized estate plans that protect their interests, preserve their legacies, and provide for their loved ones both now and in the future. Through comprehensive estate planning and administration services, RSSC helps clients achieve their estate planning goals and navigate the complexities of probate and estate administration with confidence and peace of mind.