One of the main reasons that it can benefit Missouri residents to work with knowledgeable estate planning attorneys to create their wills and other testamentary documents is that such experts can help their clients create estate plans that stand up to challenges. An estate that is challenged during probate can be stuck in the process for years, creating more problems and costing more money to work through and ultimately resolve. Not everyone has the power to challenge every estate, and this post will explore what parties may have standing to challenge probated estates.
A will is an important testamentary document for any Missouri resident who wants a say in what happens to their money and possessions when they pass away. That is because a will is a legal vehicle for communicating one's testamentary intentions to others when they are no longer present to do so on their own. For example, in a will a person may make bequests of property to those who they love, may provide for charities, and may engage in the disposition of other estate property based on their own wishes and intentions.
Buying a home is a significant financial move. Most people are making a huge investment when they seal the real estate deal. According to Zillow, the median home value in the U.S. has increased by $16,000 over the last year. It’s safe to say that homeowners have a lot at stake when it comes to protecting their property.