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
Although a Last Will and Testament remains the most common estate planning document, a trust is not far behind in popularity. If you decide to add a trust to your estate plan, you will have to decide which type of trust to create. An Overland Park trust attorney at Parman & Easterday explains some of the many advantages to revocable trusts. Trust Fundamentals A trust is a relationship whereby property is held by one party for the benefit of another. A Settlor (also referred to as a … [Read more...] about Revocable Trust Advantages
February 4, 2020 by Steve Hartnett Most of us have an idea whom we’d choose to receive our assets at our death. But often we don’t contemplate what should happen if the people whom we’ve selected die before us. Read on to learn more about contingent beneficiaries. It’s important to consider whom you’d want to get your assets when you die. Most of us have an idea of whom we’d choose. But, it’s also important to consider who should get those assets if your preferred recipient isn’t around. … [Read more...] about Whom Do You Want to Get Your Assets?
One common reason to create an estate plan is to ensure that your assets are used to provide for loved ones after you are gone. Making direct gifts within your estate plan is one way to do that. There are times when you may not want to make a direct gift if the assets are valuable or the beneficiary is unprepared to manage the assets. An Oklahoma City trust attorney at Parman & Easterday explains how you can use a living trust to stagger an inheritance instead of gifting it … [Read more...] about Staggering an Inheritance Using a Living Trust
February 25, 2020 by Steve Hartnett You owe federal income tax wherever you live. But your overall tax burden can vary dramatically depending on where you live. Read on to learn more. There are many factors which enter into your decision of where to live or retire. You may want to move to be closer to your grandchildren. You may want to be in the climate you prefer. One of the factors to include in your decision is taxation. As long as you live in the United … [Read more...] about Best Places to Retire: State Taxation
As your estate and your family grow, your estate plan should grow with them. Over the course of your life you will probably add additional goals and objectives to your overall plan. One of the most popular additions to the average estate plan is probate avoidance. An Overland Park probate attorney at Parman & Easterday explains why avoiding probate is so important. The Probate Process Probate is the legal process typically required after the death of an individual. Probate serves … [Read more...] about Why Is Avoiding Probate So Important?
Although most Americans admit to knowing the importance of inheritance planning, over half do not have a plan in place. If you are among those who have yet to get started on a plan, it may help motivate you to learn more about inheritance planning. Toward that end, an Oklahoma City inheritance planning attorney at Parman & Easterday explains some inheritance planning basics. DIY planning does more harm than good. In the 21st century, it is tempting to try to save time and money by … [Read more...] about Inheritance Planning Basics