Many parents do not recognize the importance of having a last will and testament. Television shows and books often focus on the asset distribution component of wills, so parents may not realize how having a will can protect their children. Although you can use a will to list who should inherit certain assets, you can also use it to name a trusted person to serve as the guardian of your child in case something happens to you.
As a landlord in Missouri, there are moments in which you may run into potential legal issues with your tenants. There might even come a time when you believe their eviction is the best possible action you could take. Stephen A. Martin, attorney at law, is here to help if you ever need to evict a tenant.
Neighbors in Saint Charles may want to bad together to set standards for their communities through a homeowners association, yet may not want to have to tackle the complexity that comes with incorporating with the state. The danger in this is that if an unincorporated HOA is sued, each member can be held personally liable (as opposed to limiting liability to the Board of Directors). Plus, with the state paving the way for such groups to incorporate as non-profit organizations (per Section 355.025 of Missouri's Nonprofit Corporation Law), why would homeowners not want to enjoy the advantages that come with such a distinction?
An important element of estate planning may be understanding that whoever one chooses to serve as their personal representative could be in store in handling matters related to the role. That can go far beyond the duties involved with administering one's assets. In cases where an estate has intellectual or artistic properties (or notoriety in and around St. Louis is associated with the decedent), a personal representative may be called on months and even years after the decedent's death to protect their interests (or, in some cases, their reputation).