COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. While healthcare systems have fought the virus, economies have been hurt by the social distancing required to combat the virus. However, there may be an opportunity for those wishing to do certain types of Estate Planning. Read on to learn more. by Steve Hartnett The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the … [Read more...] about Economic Fallout from Coronavirus May Provide Opportunities
Estate Planning
Low-Interest Loans: An Estate Planning Technique
The coronavirus has caused upheaval in society and the economy. But, this unique time also opens up opportunities in estate planning. Read on to learn more. by Steve Hartnett 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 … [Read more...] about Low-Interest Loans: An Estate Planning Technique
Uncompensated Transfers
Medicaid is a state-federal partnership that provides medical benefit assistance to people who qualify, especially those over 65 years of age. However, in order to qualify, you also need to meet certain financial requirements such as asset limits. However, if you have made “uncompensated transfers,” that could lead to a period of disqualification from the program. Read on to learn more. Uncompensated Transfers … [Read more...] about Uncompensated Transfers
What You Need to Know about Trust Administration
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
Avoiding Family Chaos in the Coronavirus Age
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
Who Should I Appoint as My Executor?
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?
Families Gather in Novel Ways in Pandemic
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
Whom Do You Want to Get Your Assets?
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?
Best Places to Retire: State Taxation
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
Planning for the Sandwich Generation
by Steve Hartnett 0 Comments People are living longer and are having children later in life. Due to this combination of demographic factors, many more people are in the “Sandwich Generation.” Someone in the Sandwich Generation has elderly parents while they still have minor children. All too often, they are torn between their caregiving responsibilities for their children and for their parents. Here is an article regarding the Sandwich Generation which may be of interest. If you’re part of … [Read more...] about Planning for the Sandwich Generation
