Estate Planning:
Estate planning focuses on the orderly management and disposition of an individual’s assets during their lifetime as well as upon their death, with consideration of the impact of such wealth transfer on future generations. Nursing Home Planning:
Older Americans are in a crisis situation. Though we are living longer due to advances in medical technology, we are also surviving in situations where we are not able to care for ourselves. Guardianship:
Guardianship can be a challenging and complex process, but putting together a plan does not have to be overwhelming. Medicaid / MO HealthNet:
MO HealthNet is the Medicaid program for Missouri. MO HealthNet provides health insurance coverage for those with very limited incomes and assets who are over 65 or disabled. Long-Term Care Planning:
Although most are definitely concerned about the need for long-term care it is not high on the list of concerns. It is human nature not to worry about an event until it happens. We can help you plan ahead. Planning for those with Special Needs:
Planning for the care of loved ones with special needs certainly tops the list of emotionally- charged topics. The mere idea wrenches the heart of any parent with a child with special needs, if untimely death or disability strikes, who will care for my child. Business Planning:
Mr. Richardson works closely with clients to ensure optimum terms for the transfer of business interests to the next generation, from the tax as well as the non-tax perspective, including consideration of family dynamics and the client’s wish to minimize conflicts among family members and co-owners. Probate Administration:
Probate is where the court identifies probate assets, settles decedents estates by paying off any creditors, and distributes the remaining assets to the heirs or beneficiaries. Trust Administration:
Mr. Richardson works with individuals who are serving as successor trustee of a trust. He will assist them in meeting their legal responsibilities while they fulfill their duties as trustee. Avoiding Probate:
Probate is time consuming and expensive. A full probate takes at least 8 months and can cost up to 10% of the value of the assets in court costs, legal fees, and expenses. Trustee Services:
Mr. Richardson provides trustee services for families who do not have someone they trust to manage their children’s financial well being. Typically he serves when the value of the family’s assets aren’t enough to warrant a trust company or bank serving as trustee.
