mburkhardt@burkhardtlaw.com | (314) 518-1581

Burkhardt Law

  • About
    • Who is Martha Burkhardt?
    • Our Mission
    • Client Testimonials
    • What is Different About Burkhardt Law?
    • Contact Us
    • Free Consultation Request
  • Trusts & Estates
    • Why Estate Planning?
    • Is it Time for a Will?
    • What is a Trust?
    • Power of Attorney
    • Deeds
    • Estate Planning Consultations
    • The Impact of a Health Care Directive
  • Business Law
    • Contract Review
    • Operating Agreements
    • Company Formation
  • Traffic Law
    • Why Get a Lawyer for a Traffic Ticket?
    • Traffic Help Now
  • Blog

February 3, 2018 By Martha Burkhardt

Decisions, Decisions – Burkhardt Law Firm

When forming an estate plan there are several important decisions necessary. The first is simply, what type of plan do I need? What documents are appropriate? This is a decision I would recommend discussing with an attorney, but anyone over the age of 18 needs a power of attorney. Then it’s important to look at how you will avoid probate and if you need a will or a trust. But no matter the type of plan or documents there are some basic decisions you might need to make.

Who will be making medical decisions for you if you cannot? Do you have a backup?

What medical decisions would you want for yourself? Anything specific that you would want communicated?

Who will be making financial decisions for you if you cannot? Do you have a backup?

Do you want the person making financial decisions to have immediate decision making power? Or do they need a doctor to verify you can’t act for yourself?

Who will be making decision over any businesses you own?

Who will be taking care of the welfare of any minor children?

Who will be taking care of the financial decisions for any minor children?

Do any of your beneficiaries need age or income limits for when or how much money they will receive? If so, what ages or how much is appropriate?

The list could go on and on regarding the decisions you’ll find yourself making when forming an estate plan, but these are a great place to focus and give shape to your plan.

Filed Under: Blog, Estate Plan Tagged With: Estate Plan

Categories

  • Blog
    • Estate Plan
      • Beneficiaries
      • Children
      • Gifting
      • Joint Titling
      • Power of Attorney
      • Trusts
      • Wills
    • Probate
    • Traffic
  • Final Arrangements

Archives

Free Consultation Request

Do you have a question that only a lawyer can answer? Request a free consultation now.

Burkhardt Law Firm

Phone: (314) 518-1581
Email: mburkhardt@burkhardtlaw.com
Address:
2333 Grissom Dr., Suite 107
St. Louis, MO 63146

About Us

  • About Burkhardt Law
  • Who is Martha Burkhardt?
  • Our Mission
  • Client Testimonials
  • What is Different About Burkhardt Law?
  • Contact Us
  • Free Consultation Request
  • Blog

Estate

  • Securing Your Family’s Future
  • Why Estate Planning?
  • Is it Time for a Will?
  • The Impact of a Health Care Directive
  • What is a Trust?
  • Power of Attorney
  • Deeds
  • Estate Planning Consultations

Business

  • Building a Firm Business Foundation
  • Contract Review
  • Operating Agreements
  • Company Formation

Traffic Law Assistance

  • Traffic Law Assistance
  • Why Get a Lawyer for a Traffic Ticket?
  • Traffic Help Now

The choice of a lawyer is an important decision and should not be based solely upon advertisements. Any information on this page should not be taken for legal advice. Use of this website does not create an attorney/client relationship.

Copyright © 2023 · All content owned by Burkhardt Law. Website created and managed by Worry Free Marketing, St. Louis. Sitemap.