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February 2019 Archives

Importance of updating estate plan after a divorce

There are many changes that people in Missouri need to work through after a divorce. Separating one shared life into two separate lives is not always an easy task. Homes are separated; time with children is separated; bank, retirement and investment accounts need to be separated and other aspects of their lives need to be separated as well. This is certainly not an easy task and can be very time consuming. However, people should also make another change that is not usually directly discussed during the divorce process and that is their estate plan.

Time limitations for creditors to file claim against an estate

During people's lives in Missouri they do many different things, work many different jobs, earn different amounts of money and incur different amounts debt. All of things are very relevant to the person while they are living, but they cannot take any of these things with them after they pass away. So, all of their property and debts must be dealt with by those who survive them. This is accomplished through the probate process when all assets are distributed and debts are paid.

Importance of co-tenancy provisions in commercial leases

There are many different businesses in Missouri that provide a number of different services and products. Some of them are small and some of them are very large. While some are able to operate out of their homes, most businesses have office space or rent spaces for retail. When these companies rent spaces they usually enter into commercial leases with the owner of the building. The provisions in these leases can vary greatly depending on the needs of the business, location and many other factors.

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