In recent years, researchers have been finding potential links between feelings of loneliness and negative health outcomes. Feeling lonely may put you at greater risk of premature death, serious health problems, and higher suicide rates. For many, the COVID-19 pandemic made social isolation even more difficult to avoid. In 2023, […] The post The Loneliness Epidemic: Helping Seniors Stay Connected appeared first on LifeGen Law Group ..read more

Four in 10 people believe they do not have enough assets to make a will, according to Caring.com’s 2024 Wills and Estate Planning Study, which surveyed more than 2,400 individuals.  This statistic reflects a common misconception about estate planning that it is only for the wealthy.  In reality, estate planning […] The post 40% of People Say They Don’t Have Enough to Make a Will appeared first on LifeGen Law Group ..read more

With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service (IRS). Our Estate Planning Attorney Discusses the Gift Tax Exemption for 2024 Every calendar year, you can gift up to […] The post 2024 Annual Gift and Estate Tax Exemption Adjustments appeared first on LifeGen Law Group ..read more

Assume that, after long and careful consideration, you have implemented an estate plan that you consider ideal for your and your family’s needs. It disposes of your assets according to your wishes in a manner that you think is fair and just. The last thing you would want is for […] The post The Effect of No-Contest Clauses in Missouri appeared first on LifeGen Law Group ..read more

Everyone should update their estate plans at various points in their lives, such as when they get married or divorced or when their financial situation changes substantially. One of the most important times to update your estate plan is when you have children, as planning for children is one of […] The post Tips for Updating Your Estate Plan When You Have Children appeared first on LifeGen Law Group ..read more

When thinking about making an estate plan, financial and physical assets often come to mind first — bank accounts, life insurance policies, real estate, cars, personal effects, etc. Increasingly, however, more and more of our personal assets are moving into the online realm, and those assets are becoming more central to […] The post Don’t Forget Your Digital Assets in Your Estate Plan appeared first on LifeGen Law Group ..read more

Trusts — both revocable trusts and irrevocable trusts — are powerful and versatile estate planning tools that can be used to accomplish a variety of goals. But each type of trust comes with its own set of pros and cons. Deciding which type of trust to incorporate into your estate plan will boil down to your […] The post The Pros and Cons of a Revocable Trust appeared first on LifeGen Law Group ..read more

Trusts can be used to accomplish many estate planning goals. Some of the most common of those are avoidance of probate and tax planning. They can also be used effectively for asset protection. For example, let’s say that you want to leave a gift to an heir, but you know […] The post What Are Spendthrift Trusts? appeared first on LifeGen Law Group ..read more

Individuals who hold power of attorney (known as “attorneys in fact”) typically have extensive authority to make decisions on behalf of their principals, including most medical and financial decisions. But with great power comes great responsibility, and, unfortunately, attorneys in fact do not always act in their principals’ best interests. […] The post Power of Attorney Abuse: What It Is and How to Identify It appeared first on LifeGen Law Group ..read more

Divorce is one of the most stressful ordeals an average person can experience, and not only due to the emotional toll it takes. It is well-known that divorce can also wreak havoc on the former spouses’ finances, with property division, alimony, and child support obligations all potentially playing a role. […] The post How Divorce Can Affect Your Estate Plans appeared first on LifeGen Law Group ..read more