Joseph R Burcke, LLC

What Should Be The Ultimate Goal Of Proper Estate Planning? What Should Your Plan Accomplish? An estate plan should accomplish several things. In the short-term, it should address issues that relate to the possibility of disability for you, your spouse, and/or your children. For the long-term, an estate plan should address how to maximize the value of your life’s work, and best protect those people about whom you most care. In regard to the short term, many people have a seri...ous misconception as to what happens if they become substantially disabled. They think that if they become disabled, their spouse or a loved one will take control of their assets and administer them for the benefit of the disabled person. This is particularly true for married couples when they have joint tenancy ownership of bank and brokerage accounts because these assets are immediately available to either joint tenant. However, the problem is that beyond those asset categories, the opposite occurs. If a joint tenant becomes disabled, the asset becomes locked as to all joint tenants. Learn here: https://burckelaw.com/what-should-be-the-ultimate-goal-of-/ #EstatePlanning #AttorneyAtLaw

Living Trust Planning If you want to develop a legally enforceable plan for your future, consider an estate plan with a living will or trust. Joseph R. Burcke, L.L.C. offers assistance with living trust planning in St. Louis, Missouri and the surrounding area. Living trust planning helps you by Providing for you in the event of a substantial disability. Creating a distribution plan for your assets and income.... Helping you avoid probate procedures. Learn more: https://burckelaw.com/living-trust-planning/ #LivingTrustPlanning #AttorneyAtLaw

What Are Some Of The Specific Types Of Trusts? Watch to learn: https://vimeo.com/440891004 #Trusts #AttorneyAtLaw

What Happens In Trust Administration And How Does That Compare With Probate? What Actually Takes Place After Someone Passes? Watch to learn: https://vimeo.com/515722599 #AssetProtection #AttorneyAtLaw

Do I Lose Control Over My Assets Once I Put Them Into A Trust? Can I Change The Terms Of The Trust? Watch to learn: https://vimeo.com/470168757 #AssetProtection #Trust

Do I Need To Have Multiple Trusts? Watch to learn: https://vimeo.com/470169253 #MultipleTrusts #Estateplanning

Guardianships And Conservatorships Estate planning is a process whereby individuals establish a comprehensive plan to manage and distribute their assets for their own benefit and the benefit of family members and possibly others in the event of their disability or incapacitation, and upon their passing. While the goals of estate planning can vary, this process makes it easier to avoid the need for guardianships or conservatorships under probate court supervisionwhile at th...e same time providing a mechanism to sell, eliminate unproductive assets to provide for personal care once a person has become substantially disabled, and provide a plan for the intelligent distribution of assets to beneficiaries once one has died, thereby avoiding the need for a decedent estate administration in probate court. Learn more: https://burckelaw.com/guardianships-and-conservatorships/ #Guardianships #Conservatorships

Special Needs Planning Special Needs Estate Planning focuses on providing for the special needs of our loved ones with disabilities when we are no longer there to organize and advocate on their behalf. Parents of children with special needs must make careful estate planning choices to coordinate all of the legal, financial, and special care needs of their children both now and in the future. https://burckelaw.com/special-needs-planning/ Call Now For A Free Consultation (314) 690-2000 #SpecialNeedsPlanning #AttorneyAtLaw

Estate Tax Planning Historically speaking, the federal estate tax is an excise tax levied on the transfer of a person’s assets after death. In actuality, it is neither a death tax nor an inheritance tax, but more accurately a transfer tax. There are three distinct aspects to federal estate taxes that comprise what is called the Unified Transfer Tax: Estate Taxes, Gift Taxes, and Generation- Skipping Transfer Taxes. Legal planning to avoid or minimize federal estate taxes is both a prudent and an important aspect of comprehensive estate planning. https://burckelaw.com/estate-tax-planning/ Call Now For A Free Consultation (314) 690-2000 #EstateTaxPlanning #AttorneyAtLaw