Most people are already aware of the benefits of estate planning, whether they’ve done it themselves or experienced an estate planning disaster brought forward by the experiences of family and friends. Thankfully, an estate planning checklist discussed with an experienced estate planning lawyer can help you figure out what you need to include in your […]
Protection Must be Included in Estate Planning
Asset protection and protection in general must be important cornerstones of the estate planning process. Far too many people think about how to most easily transfer their assets to someone else. However, it is equally important to consider the benefits of asset protection planning. Particularly for those people who are in professions that may be exposed to […]
What you can accomplish with will planning
2016 has seen its fair share of celebrity deaths. While some celebrities had estate plans in place, others, such as music legend Prince, died without even creating a will. They serve as an example, that no matter what your wealth, dying without an estate plan can cause many legal headaches for loved ones left behind. […]
Why might a trust be preferable to gifts in estate planning?
In the past, this blog has stressed the importance of estate planning, such as creating a will or a trust to pass your property on to your chosen heirs after you die. However, some individuals in Kansas City would rather gift their children property while they are still alive rather than placing that property in […]
What are some grounds upon which a will contest can occur?
The death of a loved one in is an emotionally difficult time for just about anyone in Kansas City. Sometimes this grief is eased if their loved one left a will, which states without question how their loved one wants their property distributed. However, what happens if you disagree with the contents of the will? […]
How can one create a living will in Kansas?
Thinking about what you would want done with regards to life-sustaining procedures is not pleasant, and can be down-right uncomfortable. However, making such decisions as part of an estate plan can ensure that your wishes will be met, and your loved ones won’t be put in a situation in which they’d have to guess as […]
How to Include Plans to Pay for College in Your Estate Planning
Planning for the future goes well beyond saving for a child’s college education. Parents also must think about what could happen to a college savings account if they are not around. Many of these parents who have established tax advantage education savings plans, also referred to as 529 plans, have not named a successor. This means […]
What Happens to an Estate Plan During a Divorce?
Divorce is a legal action that does far more than just end your marriage. Divorce also disentangles your financial connection, including the estate plan you created while married. An estate plan is a financial tool that delineates to whom your assets will be distributed upon your passing. Divorce naturally complicates the issue. If you are […]
Trusts Can Be Of Use Both During Your Life And After Your Death
Most people in Kansas City associate estate planning with death. However, with trusts, an individual can control his or her assets during his or her lifetime in a way that is impossible with only a will. This blog has touched on certain types of trusts in the past. Today we are going to examine three […]
Think you don’t need an estate plan? Think again
Some individuals in Kansas City may think they do not need estate plans. After all, maybe they don’t have much in the way of wealth. Some simply trust that their loved ones will take care of things after they are gone. And some don’t want to think about the fact that some day they will […]
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