The loss of any loved one in the family can come with its own set of challenges, including the handling of that family member's will. The process of determining a will is usually simple, but what if the person who died left no trace of planning a last will? Missouri's intestacy laws oversee these types of situations, and assists those who are left with the loss of a loved one and a sea of legal questions.
One of the main reasons why St. Louis residents are encouraged to see to their estate planning matters early on in their lives is so that they can retain control over how their assets are eventually managed and dispersed. Most put this important process off believing that they will have ample time to do it before their deaths. However, death is not the only event that can rob one of control over his or her estate. Being declared incapacitated or unfit may warrant the naming of a guardian or conservator to manage one's affairs. If such a privilege has not already been granted in one's estate planning documents, he or she risks it being given to a complete stranger.
When beginning the process of buying a new home in Missouri, there are countless tasks and paperwork to complete prior to moving in. These fulfillments can range anywhere from selecting mortgage options to deciding what items to move in or to purchase. Another typical step in buying a house is arranging a proper home inspection. Yet what happens when a certified inspector approves all areas of the home, and the homeowner later discovers a hidden issue? Like most states, Missouri contains laws that require sellers to disclose any physical damage or other issues in written form, but the details concerning these issues can be complex.
Purchasing a home in St. Louis is one of the biggest financial moves that many people will ever undertake in their lives. Therefore, it is important to know as much as possible about a property before committing to its purchase. No one wants to fall in love with what they think is their dream home only to later find out that a bunch of costly problems exist.
You are likley floating somewhere above Cloud 9 after having found your dream home in St. Louis. Yet suddenly, you have come crashing back down to earth after discovering that the seller put an artbitration clause in the closing contract. Countless clients have come to us here at TDD Attorneys at Law LLC wondering what such clauses mean and whether or not they should sign them. While reading the term "dispute resolution" might give you pause, remember that an arbitration clause is not necessarily an indicator that problems will arise with your home; it simply provides a method of resolving them if they do come up.