Updating Your Health Care Power of Attorney

Have You Named Your Health Care Power of Attorney? Do you know who’ll make medical decisions on your behalf if you’re unable? Do they know your wishes? If not, a health care power of attorney and a living will are two key estate planning documents to execute today.   Read more here.

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Using Insurance with Your Estate Plan

Life insurance can provide peace of mind that your family will be provided for after you’re gone. If you’re concerned about their money management skills, an irrevocable life insurance trust (ILIT) may be beneficial because your heirs won’t receive the insurance proceeds directly, as they would if they were the policy beneficiaries. Rather, they’ll be … Continued

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What You Need to Know About Your Individual Retirement Account

Are you leaving your IRA to someone other than your spouse? An IRA can be a powerful wealth-building tool, offering tax-deferred growth (tax-free in the case of a Roth IRA), asset protection and other benefits. But if you leave an IRA to your children — or to someone else other than your spouse — these … Continued

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Charitable Giving – What You Need to Know

Many taxpayers with charitable intentions struggle with the decision of whether to donate property to charity during their lifetimes or to make a charitable bequest in their wills that will be fulfilled from property included in their estates (testamentary bequests). While taxpayers frequently base their choice between lifetime charitable gifts and testamentary bequests on nontax … Continued

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5 Questions Single Parents Should Ask About Their Estate Plan

Estate planning for single parents of minor children is similar to estate planning for families with two parents. But when only one parent is involved, certain aspects of an estate plan demand special attention. For example, it’s critical that your will appoint a suitable and willing guardian in case you become incapacitated or die suddenly. … Continued

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Avoid Probate to Keep Your Estate Private

  Circumventing the probate process is usually a good idea, because its public nature can lead to family disputes over asset distribution. But it’s possible to keep much (or even all) of an estate out of the probate process (and the public eye) by using the right estate planning techniques. This article describes several tools … Continued

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Properly Funding Your Revocable Trust

  One of the key components of an efficient living trust is to make sure your assets are properly funded into the trust (either at the time of creation or upon your passing. The article below provides more details.   Trust Funding Questions

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Using the “Titanic” Clause in Your Will.

We were recently interviewed for an online article on the wealth management website Investopedia. Whether you call it the Titanic clause or just a contingency clause, having a plan for all “what-ifs” is key.  Read more here. Why Your Will Needs a Titanic Clause, Investopedia.com    

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Thank You to Fox News Radio Kansas City

We were invited to be a guest on the new PrimeTime program on Fox News Radio Kansas City. It was a great hour program with good discussion.  Thanks to the station and Doug for the invitation.

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