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
Estate and Inheritance
An Overland Park estate planning attorney provides you with some of the most important legal advice that you will ever receive. Your comprehensive estate plan protects you in case of incapacity so you don't get unwanted medical care and so your assets are not mismanaged. Your estate planning attorney also helps you to ensure you don't end up losing your life savings if you have to go into a nursing home. Finally, your attorney helps to make sure your heirs can inherit the maximum value of your … [Read more...] about Things to Look for in an Estate Planning Attorney
If you recently experienced the loss of a parent, you are undoubtedly still going through the grieving process. The legal ramifications of your parent’s death may be the furthest thing from your mind at the moment. Nevertheless, your parent’s estate may need to be probated before the assets are distributed. At some point in that process, you may begin to wonder where you stand if your parents were never legally married. An Oklahoma City probate attorney at Parman & Easterday explains the … [Read more...] about Will I Inherit from My Parents If They Were Never Married?
If you plan to gift assets to a minor, either while you are alive or after you are gone, care must be taken to ensure that those assets are protected and properly managed while the beneficiary is a minor. There is more than one way to do that. The Uniform Transfer to Minors Act (UTMA) was created specifically to provide one option while creating a trust is another possibility. To help you better understand your options, the Oklahoma City trust attorneys at Parman & Easterday explain the … [Read more...] about What Is the Uniform Transfer to Minors Act?
Each of us will die eventually. This article looks at how planning can make your passing easier for your loved ones. Specifically, this article will look at the importance of the manner in which assets are left for your loved ones. Your Planning Can Help Your Loved Ones … [Read more...] about Your Planning Can Help Your Loved Ones
Most people think about Estate Planning as a way to protect your money and stuff, passing it on to whom you want, when you want and how you want. Although traditional Estate Planning can certainly handle this, there are much more important things to think about than just financial assets. Passing on your Legacy is a revolutionary approach that plans for the monetary and emotional aspects of death. Listen in as Jerry Shiles, an Attorney with the Estate Planning and Elder Law Firm of Parman … [Read more...] about Why The Most Important Things In Life Aren’t Things
For whatever reason, your family may not be part of your estate plan. Whether you do not have any close or identifiable family members, have chosen not to include your family in any decision-making roles, or do not want to include them as beneficiaries, knowing your options is important. Today we are going to look at what you can do if you do not want your family to be included in your estate plan. When Your Family is Not Part of Your Estate Plan: Inheritances If you do not … [Read more...] about Estate Planning When Your Family is Not Part of Your Estate Plan
One of the first issues you need to understand as we discuss these tax issues is the idea that taxes can exist at several different levels. Every state can impose its own kind of tax, as can the federal government. With estate and inheritance taxes, the specter of taxes at both levels is possible, but is, as we will learn, not very likely. While there are a number of taxation issues associated with leaving behind an estate, perhaps the most well-known, and widely misunderstood, is the so-called … [Read more...] about Free Report: Estate and Inheritance Taxes in Kansas and Oklahoma – Part1
Early Dementia Signs and Medicaid Planning from Larry Parman If you recognize early dementia signs in yourself or a loved one, you may want to start planning ahead with medicaid eligibility in mind. Learn more about dementia signs and medicaid planning in this presentation. … [Read more...] about Early Dementia Signs and Medicaid Planning
Medicaid is a jointly administered federal/state government health insurance program. It is a program that is available to those with significant financial need. People of all ages can potentially qualify for Medicaid. Topics covered in this report include: Long-Term Care CostsMedicaid PlanningMedicaid Look Back Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Medicaid Planning in Oklahoma: What is the Medicaid Look Back?