Many people think they can make a do-it-yourself ("DIY") will and be done with their estate planning. Unfortunately, this is not true for many people. A will can be an important part of an estate plan, but usually is not the only thing that should be included in your plan. Not only that, but when you make a will on your own, you could miss important stuff that should be a part of your will. Parman & Easterday can assist you in creating a legally valid will that allows you to control what … [Read more...]
Why a Limited Liability Company is Better Than a Sole Proprietorship
A Limited Liability Company is a type of business structure that many company owners choose for the protection this structure provides. An LLC can also be useful in estate planning, as you can create a company and pass a membership interest in the company on to family members and loved ones over the course of your life. While a Limited Liability Company (LLC) has many advantages, the creation of an LLC is not necessarily right for every person, company, or situation. You need to talk with … [Read more...]
Happy Mother’s Day from Our Family to Yours!
What an Indy Race Car Has To Do with Your Estate Planning
Listen in on this short video where Larry Parman, Founding Attorney of Parman & Easterday, gleans an Estate Planning lesson from an Indy Race Car. … [Read more...]
Why Not Hiring a Medicaid Attorney Can Cost You
Hiring a Medicaid attorney is very important if you or anyone in your family is currently depending upon Medicaid or may need to depend upon Medicaid in the future. Medicaid attorneys provide knowledgeable and personalized assistance to individuals and families who come to rely upon the benefits that Medicaid provides, especially in situations where someone must qualify for Medicaid for the Aged, Blind and Disabled. Parman & Easterday has extensive experience with the Medicaid planning … [Read more...]
Reasons For Delay When You Probate a Will
When someone passes away (the "decedent") and leaves a last will and testament, you generally have to probate the will. If there is no will, then the estate may have to go through an intestate probate to determine who will inherit. Probate can be a time consuming process. There are some things that cause delays and make the process take even longer. An executor of an estate should hire an experienced probate lawyer to provide assistance during the probate process and move the process along … [Read more...]
Seniors Advise on Legislative Issues in Kansas
A Kansas elder law attorney can provide help to seniors in making the law work for them. Seniors can begin to face difficult legal issues related to protecting assets, taking advantage of benefits, and planning ahead for if they get sick or pass away. Parman & Easterday can provide assistance in understanding the law and how seniors can use legal tools to obtain more security for themselves and their families. Because so many issues impact seniors, older adults are often politically … [Read more...]
Do You Need a Qualified Domestic Trust?
A qualified domestic trust (QDT) can be a very important part of your estate planning process and can be essential to protect your spouse under certain circumstances. It is important to understand what this kind of trust does, to determine if this kind of trust is the right type of trust for you to create, and to follow all formalities for trust creation in any situation where you need this type of trust to transfer assets without triggering a substantial tax bill. Parman & Easterday can … [Read more...]
Do You Ever Pay an Inheritance Tax in Oklahoma?
If you inherit property in Oklahoma, or if you are leaving property to a loved one within this state, it is important to understand the rules for inheritance tax in Oklahoma. While the state does not impose an inheritance tax, or an estate tax, this does not mean that no taxes are assessed as a result of a death. You should talk with an experienced attorney about how best to protect your inheritance or the wealth you are leaving to loved ones so you can reduce taxes or avoid taxes … [Read more...]
Four Reasons to Create Revocable Trusts
Revocable trusts, also called living trusts, are created during your lifetime and provide many important benefits. But a revocable trust also has some limitations you need to be know. You need to understand exactly what a revocable living trust can, and cannot, do so you can decide if creating this kind of trust makes sense in your situation. An Oklahoma City trust lawyer can explain your different options for trust creation and assist you in determining if you could benefit from a trust … [Read more...]
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