Legal obligations owed to others do not last forever under our civil law.  Under civil law contracts and promises to pay money expire after a certain period of time.  Each state adopts its own “statute of limitations” relating to contracts and promises to pay money.  Once the statute of limitations passes, the creditor can no longer bring a successful lawsuit to collect the money.  If someone claims that you owe them some money, one of the first things you need to find out is whether this debt has expired or not under the applicable law. For claims brought under Missouri law, the period of theRead More →

You have worked hard all of you life and accumulated certain assets.  Even if you are not wealthy, it is natural for you to desire to have some control over what happens to you assets when you die.  What options do you have?  Do I need a will?  Do I need a trust?  Are there other options? Primarily, what instruments you need for an estate plan can vary depending on your situation.   The first consideration is your individual situation and your desires as to what happens to your assets upon death.  Other factors can include the value of you assets, whether you have young children,Read More →