The Digital You

We spend a lot of time in our lives accumulating things. A house, car, antiques, collectibles, books, music, and photos and other family heirlooms. From a transfer perspective, these items are easy to address. Either they go to a person or charity or they are sold and the proceeds are then distributed. What about the … Continued

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Health Care Powers

Make health care decisions while you’re healthy Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This includes having a plan for making critical medical decisions in the event you’re unable to make them yourself. And, as with other aspects of your … Continued

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Intro to Estate Planning Documents

How to Start a Will  Well-crafted, up-to-date estate planning documents ensure your wishes will be carried out. They also can help ease the burdens on your family during a difficult time. The will Do you have questions about wills? Maybe you are unsure what a will does? A will is a document executed in front … Continued

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Planning for Step Children

Estate Planning Leawood – Have questions about your step-children? Blended families or those that have adopted children face a unique set of concerns for their estate plans. If your family’s makeup includes adopted or step children, it’s important to understand your estate planning options. Adopted vs. Biological Children In the eyes of the law, adopted … Continued

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To Spring or Not to Spring – Powers of Attorney

Estate Planning North Kansas City – Powers of attorney When people think of an estate plan, often they are focused on what happens when they pass. Really, though, each estate plan focuses on three areas: 1) healthy and active phase where much of your plan is “dormant”; 2) incapacitation where you need help managing your … Continued

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Using Inherited IRA’s

Inherited IRA: Stretching the power of an IRA Most people are aware of the value of IRA’s as a retirement asset. Traditional IRA accounts accumulate interest and income on a tax-deferred basis while Roth IRA’s compound tax-free. Each help to build retirement wealth. For those that may not use their IRA for retirement, it can … Continued

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Estate Planning Kansas City – Probate 101

The Basics of Probate Probate and the probate process is a confusing and somewhat counter-intuitive judicial process. The good thing about probate is that it enables the intent specified in your will (if you have one) or provides a process for administering your estate if you don’t have a will. However, avoiding the probate process … Continued

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Estate Planning for Single Parents

Estate planning for single parents requires special attention to ensure your kids will be cared for and financially supported as you wish should the unthinkable occur. Estate plans for single parents is very often similar to estate plans for families with two parents. In each instance parents want to provide for their children’s care and … Continued

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Electing to Minimize Your Tax Burden

IRS simplifies procedure for obtaining extension to make portability election Last month, the IRS issued a Revenue Procedure that allows certain estates to make a late portability election without first filing a ruling request. Portability is a tax law provision that permits a surviving spouse to take advantage of the deceased spouse’s unused combined gift … Continued

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