If you are looking to buy a new home in Missouri, you may well be considering a property that is part of a homeowners' association. If so, it will be important for you to understand how the laws and governance of this HOA may affect your home ownership and responsibilities. An HOA is about a lot more than just paying dues and having common property cared for.
Estate planning experts in Saint Charles continually stress the importance of your preparing a will. Yet equally as important as writing a will is ensuring that you have witnesses that can attest to it. The root cause of almost all will contest is objections to the validity of a will. Having witnesses in place proves to any interested parties to your estate that the provisions of your will are indeed valid. Without witnesses, you have what is known as a "holographic will," whose validity Missouri law does not recognize.
If you hold a position of authority in a Missouri homeowner association, you may have concerns about the possibility of government overreach. In other words, if a dissatisfied homeowner makes an appeal to the government to resolve a dispute or challenge an association rule, you may have concerns that the government will step in and undermine your autonomy.
For many young people in Missouri, the thought of creating an estate plan may be far off in the future. In fact, they may think it is only something their parents or grandparents need to be concerned about. This, however, is quite incorrect. An estate plan can be of great use even to a young, single millennial.