Types of Financial Planning in St. Louis, MO You Can Get from an Attorney
Financial planning is an important part of life. If you want to make sure you have enough money to take care of your needs for the rest of your life or you want to protect your descendants, then it’s important to consider hiring an attorney who can assist you with financial planning in St. Louis MO . Here are few of the services an attorney can provide that can help you achieve your financial goals.
Whether you have a modest amount of money or a towering empire, estate planning is important for ensuring you and your loved ones are taken care of in the event of a tragedy such as a severe illness, injury, or death. This type of planning involves using wills and trusts to secure assets, powers of attorney to allow trusted people to make decisions for you if you become incapacitated, and living wills to specify what actions should be taken regarding your health. Estate planning can eliminate uncertainty and prevent loved ones from losing benefits and assets because of legal issues.
Business Succession Planning
You spent years building a successful business. However, that can all go away if you don’t plan for how the company will survive without you or other key members of the company. This is particularly true for family-owned businesses. Disputes may occur between surviving family members that may result in the dissolution of the business. With the help of an attorney, you can develop a solid plan that will ensure the company survives and makes a smooth transition should something happen to critical members of the business.
Protection of Assets
Every year, millions of people are sued in court for a variety of issues such as personal injury cases involving employees and debt collection. These lawsuits can result in the loss of assets and even cause financial ruin. With the financial planning tools offered by a knowledgeable lawyer, you can protect wealth and assets from litigation, fraud, and court judgments.
financial planning in St. Louis, MO is an excellent way to secure your and your loved ones’ future. Take time to speak to a reputable financial planning attorney to see how the person can help you.