How To Tips & Advice

Aging Seniors Supplement Income With a Reverse Mortgage (HECM)

By |January 29th, 2018|

What Exactly is a Reverse Mortgage or an HECM?

More seniors than ever face challenges related to retirement, estate planning, and living well in their later years. Clients sometimes bring up the question of reverse mortgages. It’s not the perfect solution for every person, but it’s a legitimate option.

Most of us understand conventional mortgages, as they […]

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How to choose the right long term care community

By |March 10th, 2016|

What types of long term care communities are available and how do you choose the right one for mom or dad? Adults with aging parents often have to face this tough question at a difficult stage of life. As hard as it might be, it can’t be put off when the time comes. The choice […]

5 Things You Need to Know About Mechanic’s Liens in Missouri

By |October 15th, 2015|

If you own a business in Missouri that contracts with property owners to supply construction, equipment, supplies, or laborers, you should become familiar with the mechanic’s lien, a legal document that could affect your operations, and even your profitability.

A mechanic’s lien is a claim made for payment against a homeowner’s property by a contractor – […]

Want to Get Paid? Include These Clauses in Your Business Contract

By |October 1st, 2014|

If you operate a business, you probably interact with customers, employees, vendors, lenders and perhaps even landlords. These relationships affect almost all business owners. And when it comes to relationships, each party has their own set of expectations.

This is where a business contract can make a real difference. What are your employees or vendors expecting […]

Vacationing? Don’t Leave Home Without These Top 10 Legal Tips

By |June 15th, 2014|

Ahhh…vacation. Who doesn’t look forward to getting away from it all? But before you do, consider your family’s peace of mind in your absence and your increased risk as you fly, drive long distances, visit foreign locales and engage in outdoor activities.

Make sure these legal documents are up-to-date:

A Durable Power of Attorney designating whom will […]

Is an LLC the Best Structure for Your Business?

By |June 1st, 2014|

If you have considered incorporating your Missouri business as an LLC (limited liability corporation), but worry about the cost or the time commitment, this information may surprise you.

Why consider an LLC at all? This structure offers benefits that outweigh those typically available through partner arrangements or sole proprietorships.

6 LLC Advantages

1. Asset protection. If your […]

Choosing a Guardian for Your Children

By |March 15th, 2014|

Who would raise your children if you could not?

It’s a tough question, but proper planning creates peace of mind, in the unlikely event that you cannot care for your children.

Your first step is to name a “personal guardian” for your children and one alternate in your Will. If something should happen to you, the court […]

What Should I Do When My Spouse Dies?

By |February 2nd, 2012|

By Gregory F. Quinn

The death of a spouse is one of the most difficult things any of us will encounter.  Usually, and understandably, the last thing the surviving spouse is thinking about during that difficult time is the financial steps that must be taken.  This article outlines many of the actions that are typically required.

Initially, some of the tasks listed below may be simplified or eliminated if the deceased spouse had a living trust.  Trusts and other planning measures that are implemented during life can greatly ease the burden of the spouse that survives. […]

Asset Protection With The Missouri Qualified Spousal Trust

By |December 22nd, 2011|

By Brian G. Quinn

Asset Protection 102 – The Missouri Qualified Spousal Trust

What in the World is a QST – Qualified Spousal Trust?

As a married man or woman, is protecting your wealth from creditors, predators, lawsuits and bankruptcy important to you? Is it also important to ensure that your wealth is available to you in the event you become disabled? What about your beneficiaries? Do you want your hard-earned assets to be available to them after you pass away?

On May 13, 2011, the Missouri legislature made it easier for you to answer “Yes” and accomplish your goals by creating a “Qualified Spousal Trust.” […]

Asset Protection 101

By |December 10th, 2011|

By Brian G. Quinn

Asset Protection 101

Is protection from creditors, predators, lawsuits and bankruptcy important to you?  This is a common question I will ask my clients as we identify their estate planning goals.  If their answer to my question is “yes”, we have a discussion about asset protection planning.  Asset protection planning has become especially important in today’s litigious world, and involves legal strategies to protect your hard earned assets from creditors, predators, lawsuits and bankruptcies.  This type of planning is especially important for professionals, such as doctors and lawyers, as well as business owners, as their personal assets may be at risk due to the nature of their work.  With recent expansions in asset protection laws, particularly in Missouri, the answer for many of our clients can be found in estate planning strategies.  Several useful tools are outlined in this article. […]