ST. LOUIS – Missouri Governor Mike Kehoe signed several bills into law last week.
One you may not have heard a lot about is House Bill 754. The bill establishes the Missouri Electronic Wills and Electronic Estate Planning Documents Act.
“I think you should be very proud, not only that you’re on the cutting edge, I think of this and using technology, but there are so many people that will benefit from it,” said Craig Parker, Assistant General Counsel at Trust & Will.
Parker says the bill would allow Missourians to securely create, sign and store important documents entirely online, making estate planning convenient.
“Seventy percent of adults have nothing. They have not even a basic will. And so I think we need to change that,” Parker said. “And if you look into groups that live in more rural areas, it’s even worse. And if you look at groups who are minority groups and others, very few of them have any kind of estate planning documents.”
Starting Aug. 28, Missouri will become the fifth state to offer complete digital estate planning and the 15th to recognize electronic wills.
Mike DiSalvo, founder of Purpose Path Capital, agrees the digital access will help remove geographic barriers but recommends working with a professional to develop your plan.
“A lot of times we have areas that might be blind spots that we don’t even realize we have,” DiSalvo said.
More information about the bill can be viewed here.
Suggest a Correction
Close Modal
Suggest a Correction