Easy Questions  
Free Legal Documents

Overview of Estate Planning in Attica, KS

Overview of Estate Planning in Attica, KS


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Do you think that estate planning is only for rich folk? Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones. It doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 1-2-Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a living trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or living will that can indicate the treatments you want or do not want and power of attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free KS Last Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free KS Living Trust Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Attica, KS
Colgan Law Firm
11006 Parallel Pkwy Ste 202
Kansas City, KS 66109
(913) 721-9999
Divorce Attorneys, Attorneys
Consumer Law Center PA
3706 SW Topeka Blvd
Topeka, KS 66609
(785) 266-9920
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  General Practice Attorneys
Tonkin Jeffrey B Atty
11904 Mohawk Ln
Leawood, KS 66209
(913) 491-9410
Attorneys
Gaughan Cundiff Herman & Connealy
6731 W 121st St Ste 210
Leawood, KS 66209
(913) 498-9146
Accident & Property Damage Attorneys,  Attorneys,  Real Estate Attorneys,  Personal Injury Law Attor
Colgan Law Firm LLC
11006 Parallel Pkwy Ste 202
Kansas City, KS 66109
(913) 730-9082
Attorneys,  Personal Injury Law Attorneys,  Criminal Law Attorneys,  DUI & DWI Attorneys,  Family La
Robert R Laing Jr
2100 Hutton Rd
Kansas City, KS 66109
913-284-0186
Attorneys,  Criminal Law Attorneys,  Divorce Attorneys,  General Practice Attorneys,  Insurance,  Le
Michael J Studtmann P.A.
6235 W Kellogg Dr
Wichita, KS 67209
(316) 942-8400
Personal Injury Law Attorneys, Attorneys, Criminal Law Attorneys
Robert R Laing Jr
2100 Hutton Rdste 102
Kansas City, KS 66109
(913) 815-8347
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorneys, General Practice Attorne
Minihan Shawn E
3706 SW Topeka Blvd # 300
Topeka, KS 66609
(785) 267-6444
Attorneys, General Practice Attorneys
Kathleen A Harvey
7011 W 121st St Ste 102
Leawood, KS 66209
(913) 491-6331
Attorneys
Harvey Law Firm
7011 W 121st. Ste. 102 , Overland Park
Leawood, KS 66209
(913) 491-6331
Immigration Law Attorneys
Wendy Marvin Law Office
6731 W 121st St
Leawood, KS 66209
(913) 312-5660
Attorneys, General Practice Attorneys, Legal Service Plans
Uzo L. Ohaebosim
6235 W. Kellogg
Wichita, KS 67209
(316) 261-5400
Consumer Law Attorneys,  Accident & Property Damage Attorneys,  Civil Litigation & Trial Law Attorne
Williamson Law Firm, LLC
6235 W. Kellogg
Wichita, KS 67209
(316) 261-5400
Accident & Property Damage Attorneys,  Civil Litigation & Trial Law Attorneys,  Personal Injury Law
John F Michaels Chartered
4252 W 124th Ter
Leawood, KS 66209
(913) 663-4455
Attorneys, Legal Service Plans
Carroll Michele I
4252 W 124th Ter
Leawood, KS 66209
(913) 663-4455
Attorneys
Harvey & Caldwell, PA
7011 W 121st St Ste. 201
Leawood, KS 66209
(913) 451-4400
Accountants-Certified Public,  Tax Return Preparation,  Accounting Services,  Tax Return Preparation
Smith Ronald D
3706 SW Topeka Blvd
Topeka, KS 66609
(785) 266-4220
Attorneys
Kreamer Karen
12616 Juniper Cir
Leawood, KS 66209
(913) 469-4066
Attorneys
Snyder Law Firm
13401 Mission Rd Ste 207
Leawood, KS 66209
(913) 685-3900
Attorneys, General Practice Attorneys, Legal Service Plans
Shalton Solutions
12008 Overbrook Rd
Leawood, KS 66209
(913) 663-3318
Attorneys
Elkins Marc E
13020 El Monte St
Leawood, KS 66209
(913) 897-2857
Attorneys
Fowler Law Firm
6740 W 121st St # 300
Leawood, KS 66209
(913) 498-2800
Attorneys, General Practice Attorneys, Legal Service Plans
Mccauley James
10673 166th Rd
Mayetta, KS 66509
(785) 966-2341
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US