The core of our firm’s services revolves around the practice of estate planning. We help you achieve your goals, like setting up trusts for your kids, dividing up property, directing charitable contributions, reducing estate taxes, and protecting your estate from mismanagement and the claims of others.
Establishing estate planning documents can prepare a family for situations that could arise in the future, namely situations related to incapacity. Basic estate planning includes preparing limited to powers of attorney, healthcare declarations, wills, living trusts, and/or irrevocable trusts. These documents help eliminate the need for a court-ordered conservatorship and/or guardianship. But the real power of
There are many avenues to legal asset protection. Two of the areas Aum Legal recommends are Medicaid annuities and irrevocable trusts.
Each situation is unique and while there is no blanket recommendation to protect assets, the Aum Legal is well versed in applying solutions that help our clients legally protect their property.
Trust Administration is the process of distributing assets of a decedent to that individual’s beneficiaries who are identified in his/her Trust. In order for assets to be transferred under this process, the asset has to be titled in the name of the Trust.
When an asset is not titled in the name of the Trust, Trust Administration is not possible, and the asset will need to be probated.
Special Needs Planning
A Special Needs Trust is a type of trust specifically designed for individuals with disabilities or special needs that do not affect an individual’s eligibility for benefits such as SSI or MO HealthNet (Medicaid) Benefits.