12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Green, KS

Overview of Estate Planning in Green, 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


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.

Estate Planning 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 12Law.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 Create 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 Create 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 Green, KS
Lang John E Atty
614 Spruce St
Wamego, KS 66547
(785) 456-9826
Attorneys, Legal Service Plans, General Practice Attorneys
Lang John E Atty
405 Lincoln St
Wamego, KS 66547
(785) 456-9826
Attorneys, Legal Service Plans
Watt John D Attorney
1106 5th St
Wamego, KS 66547
(785) 456-9734
Attorneys, Legal Service Plans
Pugh Jacob R
625 Lincoln St
Wamego, KS 66547
(785) 456-9377
Attorneys
Pugh Edward W
625 Lincoln St
Wamego, KS 66547
(785) 456-9377
Attorneys,  General Practice Attorneys,  Title Companies,  Legal Service Plans
Innerjourneys Hypnotherapy
2104 W 25th St # B7
Lawrence, KS 66047
(785) 331-8660
Attorneys
Lange Ben Law Office
507 Elm St
Wamego, KS 66547
(785) 456-6740
Attorneys, General Practice Attorneys, Legal Service Plans
Crews Law Firm
3300 Clinton Parkway Ct
Lawrence, KS 66047
(785) 856-5562
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Family Law A
Fleming William N
5108 Stonewall Ct
Lawrence, KS 66047
(785) 842-4547
Attorneys
Hudlin Law Office
216 W Main St
Valley Center, KS 67147
(316) 201-4141
Attorneys, Legal Service Plans, Criminal Law Attorneys
Hoesch
1601 Alvamar Dr
Lawrence, KS 66047
(785) 838-3653
Attorneys
Kampschroeder Halley E
3311 Clinton Parkway Ct
Lawrence, KS 66047
(785) 842-3126
General Practice Attorneys, Attorneys, Legal Service Plans
Hall Adam
3311 Clinton Parkway Ct
Lawrence, KS 66047
(785) 842-3126
Attorneys, Legal Service Plans
Edwards County Kinsley
711 Marsh Ave
Kinsley, KS 67547
(620) 659-3002
Attorneys
Swain Sarah
2311 Wakarusa Dr # J
Lawrence, KS 66047
(785) 842-2787
Attorneys, General Practice Attorneys
ABS Legal Services
3301 Clinton Parkway Ct Ste 1
Lawrence, KS 66047
(785) 749-2440
Attorneys, Legal Service Plans
Frame D Allen
500 Marsh Ave
Kinsley, KS 67547
(620) 659-2381
Attorneys, Legal Service Plans
Immigration Law Clinic-Allan H. Bell
2022 Swift Ave
Wichita, KS 67147
(800) 365-2355
Attorneys, Immigration Law Attorneys
Harrell Michael E
883 E 500th Rd
Lawrence, KS 66047
(785) 748-0734
Attorneys
Schwind Carl Henry
1410 S Meridian Ave
Valley Center, KS 67147
(316) 755-0221
General Practice Attorneys
Lopes Albert J
3312 W 24th Ter
Lawrence, KS 66047
(785) 843-0057
General Practice Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US