Category: Estate Planning

When one spouse is entering a nursing home and the other spouse remains healthy, there are many costly mistakes you want to avoid. If the couple is not properly aware of their rights and protections allowed by Medicaid laws, they may quickly deplete their resources and assets, leaving the healthy spouse in a position of […]

Estate planning and property ownership go hand-in-hand for many individuals in Kansas City. After all, a major component of estate planning is determining how to pass your property on after you die. However, did you know that how you own property can affect what you can do with it through estate planning? For example, let’s […]

When a person passes away in Kansas, his or her estate may be subject to certain taxes. The taxes it will be subject to are based on the size of the decedent’s estate and the individual to whom the assets of the estate will go to. A person’s taxable estate consists of both property that […]

Unfortunately, not everyone in Kansas City creates an estate plan while they are still in good health. Unless they have simply reached a very old age, people cannot predict when they will be nearing the end of their lives, as a grave illness or disabling accident could strike anyone, young or old. However, even if […]

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 […]

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 […]

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 […]

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 […]

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 […]