A Monthly Recap and Update from The Law Firm of Christopher W. Dumm

A look back at the important articles from July and August 2021

Planning is bringing the future into the present so that you can do something about it now -Alan Lakein

Join One of Our Free Estate Planning Workshops

The Law Firm of Christopher W. Dumm will be holding two free workshops on estate planning. We are pleased to be offering in-person workshops in our safe and socially distant workshop space in our office. This is a great opportunity to learn invaluable information about protecting your legacy through estate planning. Details for both classes are listed below:

Hope for the Best, but Plan for the Worst

  • Wednesday, September 8, 2021 @ 1:00 pm
  • 4000 S. Range Line Road, Joplin, MO 64804
  • This will be an in-person class.

Hope for the Best, but Plan for the Worst

  • Tuesday, September 21, 2021 @ 1:00 pm
  • 3816 S. Greystone Court, Springfield, MO 65804
  • This will be an in-person class.

Please note that reservations are required for both workshops because seating is limited. To register and to learn more, click here.

The Estate Planning Mistakes That Will Cost Your Heirs Money in The Long Run Part 2

In the first installment of this two-part series, we talked about how, in addition to being a tool for handling asset distribution at the end of your life, a properly executed estate plan also protects your health and finances while you are living. Further, it was pointed out that an estate plan provides the scaffolding for building a family business succession plan and is a crucial part of preparing for possible long-term care needs. The versatility of estate planning also means that the process is thick with pitfalls, however.

The first five most common estate planning mistakes were covered in the first installment of this series, which can be found here. The next five are presented in the second part of the series, which you can read here.

Top 10 Most Important Things to Know About Medicaid

Medicaid is the single largest source of health coverage in the United States and provides coverage to over 72.5 million Americans. If you’ve been investigating your own Medicaid eligibility, then there are a few things you should know and few common mistakes you should avoid while planning.

Read the full article here.

Why It’s Important to Plan for, and Not Avoid, Probate

Probate is the legal term that is used to describe the court process that takes place after an individual’s death to make sure all debts are paid as well as the distribution of all assets to the correct beneficiaries.

Like so many other topics within estate planning, there are often misconceptions and misunderstandings surrounding the probate process. However, having a valid estate plan in place before your death is important to not only ensuring that your family is taken care of, but will also help guide the courts through probate if needed.

Many topics, including what probate is, how one can avoid it, and how one can plan for it, are all covered in the full article here.

Ready to Stop Procrastinating and Start Planning for the Future?

Schedule a free 15-minute call with a member of our team. We’ll explain the estate planning process and guide you through the first crucial steps of protecting your wealth, assets, and loved ones.

Click here to schedule your free starter call.


The Law Firm of Christopher W. Dumm

Be the first to comment

Leave a Reply

Your email address will not be published.