How Is a Personal Injury Settlement Allocated in an Estate Plan?

No matter how careful you may be, accidents can still happen. Whether it’s a vehicle collision or slip and fall accident, an accident can result in serious injuries. If it was caused by another person’s negligence, you have the right to pursue compensation. If you recently received a personal injury settlement, it’s important to handle… Continue reading How Is a Personal Injury Settlement Allocated in an Estate Plan?

Avoiding Estate Taxes On Death

Below is a really good article on death taxes and how to avoid them in the best way possible. See more at:  https://theeastmanlawfirm.com/  https://finance.yahoo.com/news/avoid-paying-taxes-inherited-property-202239552.html How to Avoid Paying Taxes on Inherited Property Inheriting a home or other property can increase the value of your estate but it can also result in tax consequences. If the property… Continue reading Avoiding Estate Taxes On Death

Estate Planning – Elements of Estate Planning

https://www.9and10news.com/2019/05/17/retiring-well-with-michael-reese-elements-of-estate-planning/ “When it comes to retirement planning, your estate planning is a key piece of your overall plan. So you want to be paying attention to beneficiaries, wills, trusts, and how those all may play a role in your retirement,” explained Jon Torbet, a financial advisor with Centennial Wealth Advisory. Retiring Well with Michael Reese… Continue reading Estate Planning – Elements of Estate Planning

Estate Planning and Your Business – What to Think Through

There are plenty of things to think through in business planning.Below is a really good article on businesses and what to think about when going through your business and succession planning.  There are multiple things to think about other than just who is going to run the business (although that is a HUGE consideration).  There… Continue reading Estate Planning and Your Business – What to Think Through

Eight Retirement Planning Mistakes to Avoid

Retirement Assets – Avoid These Eight MistakesBelow is a really good article on retirement assets and how long they last. Many people make one or more of these eight mistakes when planning for their retirement.  Take a look and see what you are doing right – and then keep doing it.See more at:  https://theeastmanlawfirm.com/ https://www.forbes.com/sites/nextavenue/2019/01/08/8-retirement-planning-mistakes-to-avoid/#73a68fb597faBy Larry E.… Continue reading Eight Retirement Planning Mistakes to Avoid

How Long Will Retirement Assets Last in Kansas?

Retirement Assets – How Long Will They Last?Below is a really good article on retirement assets and how long they last in each state. It’s not surprising that certain states are much more expensive to live in. Great news for all of us in Kansas, though.  We are the 8th best state in how long… Continue reading How Long Will Retirement Assets Last in Kansas?

Anthony Bourdain Left His Frequent Flier Miles in His Will

Digital Assets – How Items Like Frequent Flier Miles are Will-worthy Below is a really good article on how Anthony Bourdain left his frequent flier miles in his will.  As we tell people, there are multiple assets that occur in the modern world. In this case, the frequent flier miles could be substantial (assuming that… Continue reading Anthony Bourdain Left His Frequent Flier Miles in His Will

The New Tax Laws Affect Estate Planning for Couples

How the New Tax Laws Affect Estate Planning for CouplesBelow is a really good article on how the Tax Cuts and Jobs Act (TCAJA) affects estate planning, especially for married couples. This is a good time to take a good look at your estate plan to see how it is going to be affected by… Continue reading The New Tax Laws Affect Estate Planning for Couples

Estate Planning – Keeping the Peace with your Heirs

Maintaining Peace Among Your Heirs Like most estate planning law firms, we deal with a  lot of clients. Unfortunately, we do see more than our fair share of disputes.  Sometimes we deal with these in the planning stage, but we mostly see them after someone has died.  We regularly get calls from heirs that feel… Continue reading Estate Planning – Keeping the Peace with your Heirs

Estate Planning – Life After Death Through Trusts

A trust is More than Just Death Planning; It’s Life Planning as well Like most estate planning law firms, we deal with a  lot of clients that need revocable trusts.  They obviously want to be able to protect their heirs and their assets and utilize the trust structure to best meet those needs.  However, some… Continue reading Estate Planning – Life After Death Through Trusts

Estate Planning – Financial Advisors

Finding the Right Financial Advisor As an estate planning firm, we deal with a lot of financial advisors.  Some are very good and some are not.  Like the article below, we recommend interviewing several to determine which one you are comfortable and then testing at least two of them to see if you are good… Continue reading Estate Planning – Financial Advisors

Estate Planning – Leaving a Messy Estate

Organizing the Estate Below is a really nice article on typical estate planning mistakes.  This article focuses on the “messy estate” problem. What happens is that the heirs will make one of a couple of mistakes.  First, they will miss things.  For example, there are a lot of extras in many estates, like life insurance, old… Continue reading Estate Planning – Leaving a Messy Estate

Estate Planning – Millennial Planning

Estates for Millennials – Plan It Below is a really good article on thinking about how to think about estate planning for the millennial generation.  That generation, like the other generations, have their own set of issues that need to be planned around. Some of these things include the digitization of the world, as well… Continue reading Estate Planning – Millennial Planning

Estate Planning – Business Succession Planning

Family Business in Succession Planning Below is a really good article on thinking about the structure of your family business when determining your estate plan. There are some things that are incredibly important in that setup, such as the successor in planning as well as the cash flow setup. Sometimes people want to be equal, which… Continue reading Estate Planning – Business Succession Planning

Digital Assets – a Key Piece of Estate Planning

Digital Assets in Estate Planning Below is a really good article in the national law review on digital assets and how they are becoming more and more of a significant asset in many estates.  There are some things that are incredibly important in these assets, such as pictures that get stored.  In our household, we… Continue reading Digital Assets – a Key Piece of Estate Planning

Beneficiary Designations – a Key Piece of Estate Planning

Beneficiary Designations in Estate Planning Below is a really good article on beneficiary designations and how to update them in the estate planning process and some stories on how people neglected this and the problems that come with that. See more below on the issues with estate planning. See our Facebook page here. See our Twitter page here. http://www.marketwatch.com/story/make-this-estate-planning-move-right-now-check-your-beneficiary-designations-2017-06-29… Continue reading Beneficiary Designations – a Key Piece of Estate Planning

Estate Planning is More than Just Taxes

Gratitude and Estate Planning Below is a really good article on estate planning and how it is more than just a tax review.  As they say, not only the wealthy need estate planning.  It goes through some of the nuts and bolts of the estate planning process and, most importantly, talks about gratitude at the… Continue reading Estate Planning is More than Just Taxes

Some Complications on Estate Planning without Heirs

Estate planning without spouse or children can get complicated When a person dies, his or her possessions usually pass to the spouse or children. However, when someone with no immediate family dies, the process can become complicated. Stephen Rudolph, president of HW Financial Advisors in Cleveland; Barbara Bellin Janovitz, estate planning chair at Reminger Attorneys… Continue reading Some Complications on Estate Planning without Heirs

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Father’s Day Estate Planning

Some Father’s Day estate planning advice for you So, it’s father’s day.  The day we get to celebrate our fathers.  I recently lost my father and sat down to talk to my family members about estate planning – not the most exciting subject for father’s day, but all the more relevant now that my own… Continue reading Father’s Day Estate Planning