Your estate plan should be uniquely designed to achieve your specific goals and objectives using a variety of estate planning tools and strategies. All of these estate planning documents are essential components used to protect you, your assets, and your loved ones. You may still feel though that something is missing. A Letter of Instruction may be that missing component. An Overland Park estate planning attorney at Parman & Easterday explains how a Letter of Instruction might fit into your … [Read more...] about Making Use of a Letter of Instruction
If you are still relatively young and have never relied on Medicaid to cover your health care expenses, the idea of including Medicaid planning in your estate plan may seem unnecessary. In reality, however, now is precisely when you probably should incorporate Medicaid planning into your plan. To explain why, an Oklahoma City Medicaid planning attorney at Parman & Easterday offers five reasons to include Medicaid planning in your estate plan. As a senior, you may need LTC. To understand … [Read more...] about 5 Reasons to Include Medicaid Planning in Your Estate Plan
Although your initial estate plan will likely focus primarily on the distribution of your estate assets after you are gone, that plan should grow and expand to include additional goals and objectives. One of the additional components you choose to add to your estate plan should be long-term care planning. An Overland Park Medicaid attorney at Parman & Easterday explains why long-term care planning is important. The Cost of Long-Term Care When you reach retirement age (at age 65) you … [Read more...] about Why Is Long-Term Care Planning Important?
In recent years, trusts have become a commonplace addition to even the simplest estate plan. Unfortunately, the creator of a trust doesn’t always discuss the appointment of a Trustee with the intended Trustee. If you recently learned that you were appointed as a Trustee, and you have never served as a Trustee, you probably don’t know where to begin in your trust administration duties. An Oklahoma City trust attorney at Parman & Easterday explains what you need to know about trust … [Read more...] about What You Need to Know about Trust Administration
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The coronavirus has infected over four million people around the world, including over a million in the United States. Over 100,000 … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
Although every estate plan is as unique as the individual who creates the plan, there are some common documents that tend to be found in the average estate plan. A power of attorney is one of those. You probably have some idea what a power of attorney is and how one works; however, do you know what a “durable” power of attorney is? Because it is important that you do, the Oklahoma City estate planning attorneys at Parman & Easterday explain durable powers of attorney. What Is a … [Read more...] about What Is a “Durable” Power of Attorney?
One of the most difficult decisions you may ever be faced with is choosing a nursing home for your father. Recognizing that nursing home care is necessary to keep your father safe and healthy does not make the task any easier. Once the decision has been made, however, the next step is to choose the best facility possible. Choosing a nursing home can be emotionally and physically exhausting given that your father’s health and happiness are at stake. To help you choose the right facility, an … [Read more...] about How Do I Pick the Best Nursing Home for My Father?
When most people contemplate the creation of their Last Will and Testament, they focus on decisions related to the gifts they will make within that Will. Consequently, appointing someone as the Executor of their estate is often an afterthought. In fact, failing to give sufficient thought to the choice of an Executor is one of the most common of all estate planning mistakes. To help you avoid making that mistake, an Overland Park estate planning attorney at Parman & Easterday offers tips on … [Read more...] about Who Should I Appoint as My Executor?
Despite acknowledging the need for one, over half of all Americans do not have even a simple Last Will and Testament in place. If you are among them, there is no time like the present to get started on your Will. Toward that end, the Oklahoma City estate planning attorneys at Parman & Easterday offer questions to ask yourself when creating a Will. Last Will and Testament Basics Before you start thinking about creating your Will, it helps to understand some Will basics. A Last Will and … [Read more...] about Questions to Ask Yourself When Creating a Will
by Steve Hartnett COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. The disruptions from the social distancing required to fight the virus have been felt by people around the world. As we mark passing holidays, we reflect on the importance of family. Learn how to share time with family during this pandemic and tackle tasks such as Estate Planning. The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first … [Read more...] about Families Gather in Novel Ways in Pandemic