One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency.6 Important Estate Planning Considerations – Part 1: Incapacity … [Read more...]
How to Make an Estate Plan That Takes Your Family’s Needs Into Account
Overland Park estate planning attorneys at the law firm of Parman & Easterday can provide the professional assistance you need to make a personalized estate plan that will take your unique family needs into account. Making a simple will is often not sufficient to ensure that your family is provided for in the best way possible. It is important to get help from qualified attorneys who understand the other tools available that will secure your legacy.The law firm of Parman & Easterday … [Read more...]
Key Reasons to Get Legal Help with Probate
Probate attorneys at Parman & Easterday can provide you with help during the probate process. The probate process is the legal process that must take place following most deaths. The process occurs in court and ensures the affairs of the estate of the deceased person (decedent) are concluded appropriately in accordance with the law. The executor of an estate, who is appointed to oversee the probate process, along with heirs or beneficiaries, are all involved in the probate process. … [Read more...]
Senior Living Centers Make an Impact
Oklahoma City elder law attorneys at Parman & Easterday help seniors address issues that matter when it comes to being prepared for the future. This can include making a legacy plan, creating a plan to afford nursing home care, and taking steps to be prepared for incapacity. Many of the issues that seniors need to be prepare for are difficult to think about because no one likes to think about getting seriously ill or passing away. Yet, it is important for seniors to take a realistic … [Read more...]
Top Estate Planning Mistakes
Estate planning attorneys at Parman & Easterday will help you make plans for your legacy...plans that ensure your family will be protected and your wishes respected after you are gone. Unfortunately, many people try to create estate plans on their own without proper help and support — and end up making serious mistakes. You work too hard for your money and property not to be able to use it to create the legacy you have dreamed of leaving behind.You should give us a call to find out … [Read more...]
Why is Special Needs Planning Important to Ensure Continued Access to Medical Care?
Medicaid attorneys at Parman & Easterday can provide you with assistance if you are making plans to provide a financial gift to any person who is seriously disabled or who has special needs that require specialized care. If you are planning on giving a financial gift during your lifetime or as a part of your legacy, you need to work with an attorney first so your efforts to provide financial support do not backfire. Parman & Easterday is here to help you understand what the risks are … [Read more...]
When a Will Isn’t Enough for Your Estate Plan
Oklahoma City estate planning attorneys at Parman & Easterday can provide you with invaluable help with the creation of a comprehensive legacy plan. Many people, unfortunately, think that they have done all they need to do as far as planning for the future if they have created a last will and testament. The reality is, a will is just one of many tools that can be part of an estate plan. It may not be the right tool for you to use, or it may not be the only tool that you need in order to … [Read more...]
Retirement is Complicated
Many factors go into retirement decisions. This article examines many of those factors, such as where to retire, access to healthcare, income taxation, estate taxation, property taxation, etc. This article includes many links to helpful lists.Retirement is Complicated … [Read more...]
Income Tax Basis in Estate Planning – Part 2
When choosing the direction to take in estate planning, it’s important to consider the impact of the proposed estate plan on income tax basis. Basis is often overlooked when estate planning strategies are considered. This article examines how common estate planning strategies impact income tax basis.Income Tax Basis in Estate Planning – Part 2 … [Read more...]
Basis is Important in Estate Planning
When choosing the direction to take in estate planning, it’s important to consider the impact on income tax basis. This article examines the nature of basis and follows an example from acquisition of property to death and looks how basis is adjusted along the way. Since the property is included at death, the basis receives a step-up to the value of the property at death. Upcoming articles will examine how common estate planning strategies impact income tax basis.Basis is Important in Estate … [Read more...]
