Planning for Blended Families – Yours, Mine and Ours

Estate Planning for the Blended Family Every family is different. Those with adopted children, stepchildren or serving as a guardian face unique concerns when creating an estate plan. The law treats adopted children much different than stepchildren or a child (or grandchild) where you may be serving as guardian. The good news is you have … Continued

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Beneficiary Deeds 101

There is a simple and effective way to avoid probate of your residence. A beneficiary deed allows you to retain ownership of your house while designating who should receive the property upon your death. It doesn’t affect your mortgage or title until something happens. It’s a smart tool for you to consider in your estate … Continued

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Caring for your Parent? Consider these Estate Planning Options.

5 estate planning tips for the sandwich generation The “sandwich generation” accounts for a large segment of the population. These are people who find themselves caring for both their children and their parents at the same time. In some cases, this includes providing parents with financial support. As a result, estate planning — which traditionally … Continued

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Factoring your Home in your Estate Plan

A joint home purchase can ease estate tax liability If you’re planning on buying a home that you one day wish to pass on to your adult children, a joint purchase can reduce estate tax liability, provided the children have sufficient funds to finance their portion of the purchase. With the gift and estate tax … Continued

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Using Trusts with Your S Corporation

Only certain trusts can own S corporation stock S corporations must comply with several strict requirements or risk losing their tax-advantaged status. Among other things, they can have no more than 100 shareholders, can have no more than one class of stock and are permitted to have only certain types of shareholders. In an estate … Continued

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Transfer on Death Deeds – What you need to know

One of the easiest ways to avoid probate is to transfer your house using a special type of deed recognized in Missouri and Kansas. This type of deed is known by various names: a beneficiary deed or transfer on death deed, but the effect is the same. It allows you to retain ownership of your … Continued

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Deferral of Estate Taxes for Small Business

Estate tax relief for family businesses is available … in the form of a deferral If a substantial portion of your wealth is tied up in a family or closely held business, you may be concerned that your estate will lack sufficient liquid assets to pay federal estate taxes. If that’s the case, your heirs … 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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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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