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 […]
Estate planning is not as straightforward as some may think
Some individuals in Kansas City may have made some steps towards creating an estate plan. However, without the right help, they may find themselves running into unexpected problems that could hurt them in the long run. First of all, one mistake is simply not having an estate plan at all. You may think that the […]
Don’t Have an Unplanned Exit in Your Business
Many people who own their own company assume that their family members may ultimately step in to manage the business . But what happens if your children or other family members are not interested in taking over the company? This puts you in a very difficult position especially if this is an unplanned exit. You can’t let […]
A well-rounded estate plan includes a variety of legal documents
Some people in Kansas City, when they hear the phrase “estate planning,” think of creating a will, and then end it there. However, there are many different kinds of documents that make up a well-rounded estate plan. That being said, there can be some confusion as to what these various types of documents accomplish. First […]
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