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Estate Planning and Probate Administration
Elder Law • Family Business Planning • Medicaid Asset Protection"Why do I need an estate plan?"
Estate planning assures that your wishes will be carried out, that your survivors are cared for, that you are cared for in case of catastrophic illness or injury, and provides for transfer of wealth with minimum government involvement. Rudy D. Beck & Associates, P.C. provides elder law, estate planning, family business succession planning and probate administration. I have been in practice for more than 30 years, and our law firm serves St. Charles, St. Peters, O'Fallon, Wentzville, many St. Louis suburbs and surrounding counties. Elder Law
I am an active member of NAELA, the National Academy of Elder Law Attorneys, and I stay current with legislative and other developments in this growing area of the law. "Elder law" encompasses everything from Medicaid eligibility planning to guardianship and mental competency as it applies to older Americans, their health care and their estates. For people at or near retirement age concerned that they are not prepared for failing health, Rudy D. Beck & Associates will help set up the following: - Asset protection trusts, Medicaid qualifying trusts or other strategies to counter the spend-down requirements before a person can receive Medicaid benefits. Through gifts, trusts and other legal transfers, people can preserve their homes and other assets and still receive government assistance for nursing home and other long-term care.
- Guardianship trusts assure that a loved one who is incapacitated through age or illness will be cared for financially, medically and personally.
Estate Planning
We provide a comprehensive package of options that provide for individuals of any age to arrange for your care and your family's future: - Last will and testament to specify your wishes and avoid the time, expense and possible disputes in probate court.
- Advance health care directives: The typical "living will" will not hold up in Missouri courts. You need to specify a health care power of attorney empowering someone to make medical decisions on your behalf.
- Trusts: If you want to control how and when your heirs spend their inheritance, we can establish many types of trusts to transfer wealth to survivors. This includes special needs trusts to provide lifetime care for ill, disabled or mentally incompetent family members.
- Durable power of attorney: This enables your designee to make financial and personal decision if you are unable to do so.
Family Business Planning
Also called succession planning, this provides for the orderly transfer of a business to a spouse, partner or children while avoiding most "death taxes." Rudy D. Beck & Associates can help you anticipate and plan for buy-sell agreements, deferred compensation, employee buyout agreements and other contingencies. Long Term Care Crisis Planning
There are many things you can do today to protect your assets tomorrow should you, your spouse or both of you need nursing home or long-term health care. We can advise you on: - Purchasing long-term care insurance
- Deeds Reserving a Life Estate: This allows you to gift assets into an asset protection trust, conveying property to children while retaining the right to live in your home
Probate and Trust Administration
If you have been named executor of a will, I will help you carry out the duties to ensure that the estate is settled in a timely manner and according to the wishes of the deceased. This included distributions to heirs, paying debts of the estate and sale of any assets. Rudy D. Beck & Associates also manages trusts for minors, dependents with special needs or charities. I assure you I can explain all these matters more clearly in person and help craft a plan to suit your individual needs. Contact Rudy D. Beck & Associates today to arrange your free initial estate planning consultation. Rudy D. Beck & Associates, P.C
2777 W. Clay Street
St. Charles, MO 63301
Phone: (636) 946-7899
Fax: (636) 946-2118 Rudy D. Beck & Associates, P.C. provides elder law, family business planning, long term care crisis planning and probate and trust administration, serving the Missouri counties of St. Charles, St. Louis, Lincoln and Warren. Printer Friendly View
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