An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is the second part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls. This article looks at “undue influence.” Reasons an Estate Plan Could Be Challenged: Part 2 – Undue Influence … [Read more...]
New Year’s Resolution – Estate Planning Review
It’s that time of year again – time to make a New Year’s resolution. This year, why not make one you know you can keep and that benefits you and your loved ones? As we usher in a new decade, make it a point to review your existing estate plan and make any necessary changes. To help you get started, an Overland Park estate planning attorney at Parman & Easterday explains why reviewing your estate plan should be this year’s resolution. What to Expect from a Routine Review For an estate … [Read more...]
Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements
An Estate Plan is an essential part of your planning process. But there are ways an Estate Plan can be challenged as being invalid. This is part of a series of articles on ways an Estate Plan might be invalid and how to avoid these pitfalls. Reasons an Estate Plan Could Be Challenged: Part 1 – Formal Requirements … [Read more...]
Hoarding and Estate Planning Part 2 – Identifying and Helping Hoarders
Part I got a little close to home for some of you? There's more, perhaps some solutions. Last week we wrote a blog about how people who have hoarding disorders can be less likely to create an estate plan than those who are not affected by the same problems. The more we looked at how common the problem compulsive hoarding is, and how difficult it can be to deal with it, the more we wanted to write a follow-up post to help those who might be affected. So, today we are going to take a look … [Read more...]
Keeping Your Estate Plan Safe
When the topic of estate planning comes up, the focus is usually on the need to create a plan, not on what to do with the plan once you have created it. It can, however, be equally important to safeguard your estate plan documents to ensure that they work as intended. An Oklahoma City estate planning attorney at Parman & Easterday explains how to keep your estate plan safe. What’s In Your Plan? The estate plan you create should be as unique and individual as you are. Nevertheless, … [Read more...]
Hoarding and Estate Planning – How Compulsive Hoarding Can Be a Significant Barrier to Effective Estate Planning
Wow...this will hit home for some of you. Hold on...seriously. No one thinks of this as an impediment to creating an effective estate plan. This is going to take Part I and Part II. Compulsive hoarding is a significant psychological disorder that affects as many as one in 20 Americans. Most of the people affected by compulsive hoarding show signs of the disorder while they are younger, but because the disorder tends to worsen with age, it is most commonly seen in people who … [Read more...]
How Will You Age in Place and Be Able to Die at Home?
More and more, Americans are choosing to be cared for and are dying in their own homes. If you wish to be cared for and die in your own home, it’s especially important to have a plan in place to facilitate that choice. Read on to learn more. How Will You Age in Place and Be Able to Die at Home? … [Read more...]
Practical Steps to Take after the Death of a Loved One
Even though we know better, we all prefer to think our loved ones will live forever. We probably have never sat down and thought about what steps we will need to take after a loved one passes away. Consequently, if we find ourselves in this position we may not know what to do. Although everyone's experience is unique, the Oklahoma City trusts and probate attorneys at Parman & Easterday have put together a list of practical steps typically needed to be taken following the death of a … [Read more...]
I Received a Crummey Notice. What Do I Do Now?
If you are a beneficiary of an irrevocable trust, you are entitled to receive notices and communications regarding trust business. One of those notices may be what is referred to as a “Crummey” notice. Because it is important for you to have a clear understanding of your rights as a beneficiary, an Overland Park trust attorney at Parman & Easterday explains the purpose of a Crummey notice. How Does a Trust Operate? First and foremost you need to understand how a trust operates. Trusts … [Read more...]
Tax Planning for 2020
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2020 is just starting, it’s not too early to think about planning for whatever it may bring your way. Tax Planning for 2020 … [Read more...]
