Drafting a Living Trust in Overland Park, KS

Overland Park, Kansas – A Trust is an arrangement in which property is held by one individual (the trustee) for the benefit of another (the beneficiary). One of the most common reasons to set up a trust agreement like this might be so that someone can always...

Estate Planning Is Not Only for the Wealthy

Many people think of wills and trusts as something that only wealthy people need to worry about. That is not true. Estate planning is important regardless of how much money you have or how old you are. Estate planning may be more complicated if you are wealthy, but it...

Thinking About Estate Taxes – Again

Retirement Assets – Avoid These Eight Mistakes Below is a really good article on the taxation of estates. For a long time we have not had to think about this. However, with the change in the shift in power in Washington, as well as the now desperate need for new...

4 big myths for retirees

At The Eastman Law Firm, we work hand in hand with a variety of financial planners.  We make sure that the legacy planning that we create for our clients will meet their needs.  This can sometimes be difficult as some of our clients have certain ideas that...

Keeping the Spouse in Mind

Below is a good article on how to deal with your spouse in your estate plan.  Specifically, it goes through how the baby boomers are getting ready to transfer an incredible amount of wealth.  In that transfer, a spouse is a key component of an estate plan...

Reversing a bad course

One of the worst cases in recent memory was overturned recently.  This case, known as Castellano in the estate planning bar arena, held that trust assets were available for the bankruptcy court.  This was despite some strong anti-alienation provisions within...