For most people, the primary motivation for creating an estate plan is to ensure that their estate is distributed according to their wishes after they are gone. If that is one of your primary goals, you most likely wish to provide for your loved ones in your absence as well. Yet, the question remains: How long will it take those loved ones to actually receive the inheritance you leave them? The Overland Park inheritance planning attorneys at Parman & Easterday explain why it could take … [Read more...]
Oklahoma Nun Opens Homes for Seniors
An Oklahoma City elder law attorney can work closely with you to help you find the right nursing care facility for you or a loved one. Not all care facilities provide the type of top-notch care and support that seniors need. That's why it can be so important to do your research in advance. It is critical to ensuring you have found the right place to live if you must go into a nursing home, or finding a high quality place for your loved one to move if he or she cannot live alone any … [Read more...]
The Elderly Can Be Victims of Bullying, Too
Thanks in large part to a massive campaign waged by educators, private advocacy groups, and parents, most of us think of school-age children when we hear cries to “stop bullying.” We envision children being excluded on the playground or gossiped about online or in the lunchroom. According to a recent news article, however, the elderly can be victims of bullying, too. Senior Center Altercations The recent article in The Oklahoman is a cause for reflection. It forces us to confront the bullying … [Read more...]
Oklahoma City Estate Planning Attorneys Explain Why a Will Isn’t Enough
Oklahoma City estate planning attorneys can provide you with insight into the types of documents that should be a part of your estate plan. Many people think that if they have made a last will and testament, they've taken sufficient control over what happens to their assets and have taken appropriate steps to protect their families. Unfortunately, this is simply not the case. In most circumstances you need to go beyond just making a last will and testament. Parman & Easterday can help … [Read more...]
Is an IRA Taxable As Part of an Estate?
Estate planning should accomplish several inter-related goals. Along with ensuring your estate is distributed according to your wishes after you are gone, your estate plan should protect your assets while you are alive and minimize or eliminate estate taxes at your death. Your retirement plan should also work in harmony with your estate plan. If you own an IRA, you need to understand that the IRA probably will be taxed as part of your estate when you die. Our IRA estate planning attorneys at … [Read more...]
Glen Campbell’s Children Contest Will After Being Cut Out
The world lost its “Rhinestone Cowboy” last year when country music legend Glen Campbell passed away on August 8, 2017. Known for songs like "Gentle On My Mind," “Galveston," and “Wichita Lineman," Campbell was inducted into the Country Music Hall of Fame in 2005 and was married to his fourth wife, Kimberly Campbell, at the time of his death. He was survived by eight children. At the time of his death, Campbell was suffering from Alzheimer’s disease, which plagues one in three seniors aaccording … [Read more...]
How Do You Terminate a Trust?
Trusts once were used almost exclusively by wealthy families to pass the family wealth down through the generations, often without paying much in the way of taxes on the transfer of wealth. Most such tax loopholes have long since been closed. Even so, trusts are more popular than ever. In fact, it is now common to find at least one trust in the average estate plan. If you are considering the addition of a trust to your plan, or you are the beneficiary of a trust established by someone else, you … [Read more...]
Why Do I Need a Pour-Over Will If I Have a Family Wealth Trust?
Although your estate plan may include additional goals, the distribution of your estate assets after your death is one of your most important ones. Most people initially use a Last Will and Testament for their estate planning, but as their estate and family grows, the Will may be replaced by a Family Wealth Trust as the means to distribute their assets. If you have a Family Wealth Trust, you still need a Pour-Over Will to ensure your entire estate is distributed according to your wishes after … [Read more...]
An Elder Law Attorney Helps You Understand Sources of Income in Retirement
An elder law attorney at the law firm of Parman & Easterday provides help with many more issues than most people realize. For example, one of the services that our knowledgeable legal team can provide is assistance making a retirement plan. When you create a retirement plan, you can take control over ensuring you have financial security during retirement. This can be very important, because many people have too little income during their golden years and they end up in a situation where they … [Read more...]
How Overland Park Trust Attorneys Help You Protect Privacy
If you want to protect your privacy, and the privacy of your heirs or beneficiaries when transferring assets after death, you need to talk with our Overland Park trust attorneys. Our law firm, Parman & Easterday, can provide the assistance that you need to develop a plan for the transfer of your wealth that will not result in all of your details becoming available to the public. To find out more about the ways our Overland Park trust attorneys can help you ensure that your loved ones … [Read more...]
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