common estate planning questions
Common Questions about Estate Planning
Why do an Estate Plan?
Many people have estate planning questions. We have some answers. Having a will and estate plan in place will allow you to guide your children as they grow, even if you can’t physically be there to do it yourself. An estate plan isn’t only for the wealthy. It is for anyone who wants to provide for and protect family and loved ones. Most people have questions. We can help.
Where to Start?
Naming a Guardian – for families with minor children, this is often the most important aspect of your plan. A guardian is the person or persons who will step in to raise your child should something happen to you . There are a number of factors to consider when naming a guardian, but the most important factor is having one named. Especially if you have one or more family members you absolutely do not want to serve as guardian.
Naming a Trustee – in general terms, the trustee is the person or bank you name to manage the financial affairs for your minor child(ren) or, if applicable, your trust. The Trustee can be the same as your guardian, if you wish, but it does not have to be the same person.
Planning for You – now is the time to start planning for you. Who do you want to make health care decisions for you? Manage your financial affairs? Naming these individuals now ensures you will be provided for while also confirming your selections are willing to serve in such a capacity.
How to Start?
Most people have questions about estate planning. Do you need a will or a trust? Where should you start? We know that beginning the process of creating a will can be confusing. We can help. Our estate planning checklist is designed to help you organize your thoughts around what your plan may look like and who you may want to serve roles within it. As you work through, please feel free to reach out at any time with questions.
Ready to Start?
Usually new clients will come for a free, initial consultation where we will talk through their specific circumstances and concerns as well as goals. During this meeting, we’ll usually come up with a plan with a couple of options for you to consider. If you wish to move forward at that time, great! We’ll then have a design meeting to continue to develop a plan for you. If not, no problem. We are here to help.
To get started, simply contact us. We look forward to meeting you.
Wills, Trusts and Estate Planning attorney serving Leawood, Lenexa, Mission, Olathe, Overland Park, Prairie Village, Roeland Park and Shawnee from our Overland Park office and Liberty, North Kansas City, Parkville and Riverside from our North Kansas City office.