Estate Planning

An estate plan determines how an individual’s assets will be preserved, managed, and distributed after death or in the event they become incapacitated.

It also includes strategies to limit expenses and taxes on the estate.

Estate planning is not just for the rich or wealthy. Everyone who has assets or people depending on him should have an estate plan.

Hannam Law provides clients with an extensive array of estate planning tools and can assist with preparing a comprehensive estate plan or a la carte documents as appropriate, including wills, trusts and powers of attorney. Our firm also advises clients on non-probate transfers to avoid delay and unnecessary costs after death, including trusts, beneficiary deeds, beneficiary bills of sales, transfer on death and beneficiary designations.

OUR TRACK RECORD

Stories of Success

Staci Nicolee

Monique helped me with my Estate planning. She was so very helpful and thorough. I appreciate the time Monique spent explaining everything.

I feel assured if anything should happen my plans will be carried out seamlessly. Great person to work with.

Dionne Liddell

I hired Hannam Law to assist with estate planning for my parents and Monique was not only kind but professional and thoroughly explained what was needed for our family situation.

I would definitely use her services again and will refer others. We now have a peace of mind this is taken care of.

C Renée J

If you are looking for an estate attorney, I recommend Monique Hannam of Hannam Law!

She helped me construct a simple will. I was extremely pleased on the ease of the process due to her and her staff preparedness. She has a professional and honest approach to law. Her passion for law is clearly demonstrated by her compassion for humanity.

Liz Price

Ms. Hannam was such a blessing to our family. She guided us through the process, and we felt so prepared for our court date.

She is the perfect blend of making you feel so confident in her advice and knowledge, and making you feel comfortable and at ease in her presence...

Ashley Porter

Monique was amazing to work with, she solved all of our probate and tenant evictions with a breeze!

If you're looking for a great lawyer stop scrolling now and give this firm a call! You won't be disappointed!!

14 Apr

WHAT IS A WILL?

A will is a legal document that states who receives your property when you die. A will does not avoid the necessity of probate and must be “probated” within one year of the maker’s death to have legal effect. You may title your property in other ways so that probate is not necessary. In order to make a valid will, you must be at least 18 years old and be of a sound mind. In Missouri, the will must be signed and the signature witnessed by two persons. Best practice is to also have a notary acknowledge the signatures of the witnesses and the maker so that the will is self-proving. If you die without a will, the law decides who receives your property. For this reason, a will is an important part of any estate plan. For assistance with preparing your will, call Hannam Law today.

14 Apr

REVOCABLE LIVING TRUST

The revocable living trust is an essential part of a comprehensive estate plan. A trust is simply an agreement that decides how to manage and distribute a person’s property during his or her lifetime and also upon death. A revocable living trust usually involves three set of parties: The settlor or grantor who provides the property to be placed in the trust; the trustee who holds title to the trust property and is responsible for managing the trust property according to the terms of the trust; and the beneficiaries who will receive the income and principal of the trust. For example, a married couple (the settlors) may create a family trust in which they place their property into the trust, serve as trustees during their lifetime and as beneficiaries receive the income or principal from the trust during their lifetimes. Often, the trust will name the settlors’ children or a charity as the beneficiaries after the death of the settlors This type of trust is “living” because it is created during the settlor’s lifetime and is “revocable” because the settlor reserves the right to change or revoke the trust during his or her lifetime Revocable...

14 Apr

POWER OF ATTORNEY

A power of attorney is a legal document by which you appoint a person to act as your agent. The agent also called your attorney-in-fact. Once your attorney-in-fact acts within the scope of the authority spelled out in the power of attorney, his or her actions are legally binding on you, just as though you performed the acts yourself. The power of attorney can be general—authorizing the agent to act for you on every kind of subject or matter which may legally be handled through an agent. However, certain powers must be named specifically. In Missouri, the power of attorney may be durable, meaning that it is still effective if you become incapacitated. So, for example, if you experience incapacity due to a stroke and had in place a durable power of attorney, your attorney-in-fact could use your funds to pay your bills and arrange for nursing services. You also have the option to make the power of attorney effective only on incapacity. This is called a “springing” power of attorney. Healthcare Powers of Attorney are also permitted. These documents nominate a person to either consent to determine which health care, medical...

14 Apr

LIVING WILL

A living will is a declaration expressing an individual’s desire that certain death-prolonging procedures be either withheld or withdrawn. Missouri law requires a living will to be dated and signed before two persons if not entirely in the declarant’s handwriting. Hannam Law strongly recommends that individuals consider executing before hospitalization or surgery. Individuals wishing to provide broader instructions (which apply beyond death-prolonging procedures) should consider advance directives. These are documents which instruct that in the event the individual becomes incapacitated, certain treatments should be withheld or withdrawn, such as artificially supplied nutrition or machinery which would maintain them in a persistent vegetative state.

HOW TO CONTACT US

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Hannam Estate, Litigation & Probate, LLC

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POSTAL ADRESS

111 W. Allen St., Suite 101,
Wentzville MO 63385

WORK HOURS

Monday-Friday 8:30AM-5:00PM
Saturdays & Sundays Closed

PHONE NUMBER

+636 398 2076

EMAIL ADRESS

help@hannamlaw.org

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Estate Planning

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