More than half of all Americans do not have an estate plan in place despite acknowledging the importance of estate planning. The good news is that there is no time like the present to get started. A well thought out estate plan can accomplish a number of important goals, including creating a framework for the division of your estate assets upon your death, protecting you and your family in the event of your incapacity, and ensuring that your loved ones are provided for when you are gone. Given the importance of your estate plan, choosing the right estate planning attorney to help you create that plan should be given considerable thought and care. If you are a resident of Prairie Village, Kansas the estate planning attorneys at Parman & Easterday would appreciate the opportunity to work with you in the creation of an estate plan that achieves all your estate planning goals.
Prairie Village, Kansas
Located in northeastern Johnson County, Kansas, the City of Prairie Village was home to just over 21,000 residents as of the 2010 Census. The area that would eventually become Prairie Village was originally inhabited by the Shawnee, Osage, and Kansa Indians. As settlers and pioneers headed west, one family decided to make Prairie Village their home. In 1858, Thomas Porter bought 160 acres of farmland. Porter’s children were all raised on this farmland and were engaged in agricultural development and civic affairs. Porter’s sister, Betty Porter, married Thompson A. Lewis who also owned 80 acres between Mission and Roe. Not long after the Porters settled their land, the original Prairie School was built in 1882.
In the 1940s, J.C. Nichols, an experienced developer, wanted to turn the farmland into suburban housing for soldiers returning home from the war. Nichols bought the farmland from the descendants of the area’s early settlors in order to pursue his goal. Prairie Village continued to expand as the Prairie Village Shopping Center opened in 1947 and the Corinth Square Shopping Center opened in 1955. Nichols’ plan was so successful that, Prairie Village was named the best planned community in America by the National Association of Home Builders in 1949. It was officially recognized as a city in 1951.
By the end of the 20th century, Prairie Village had grown into a bedroom community serving the needs of citizens and families living in the greater Kansas City metro area.
Parman & Easterday in the Prairie Village, Kansas Community
Estate planning encompasses much more than just deciding what will happen to your assets when you are gone. It should also protect those assets and help them grow while you are alive as well ensure that they continue to provide for your loved ones when you are gone. The attorneys and staff at Parman & Easterday are committed to helping our friends and neighbors in the Prairie Village, Kansas community create an estate plan that accomplishes each of these goals and many more like them.
Developing a lifelong relationship with your estate planning attorney is important because an estate plan is never truly finished. Instead, your plan will grow as you and your estate grow. Initially, your primary goal will likely be to ensure that you do not leave behind an intestate estate in the event of your death. As both your estate and your family grow, however, your estate plan will need to grow along with them. If you get married and/or become a parent, the addition of estate planning tools and strategies designed for parents with minor children will become important. As your estate grows in both complexity and value, you should consider adding probate and tax avoidance as well as asset protection strategies to your overall estate plan. By middle age, you should also be thinking about long-term care planning which may include Medicaid planning. You will also need to ensure that your existing retirement plan works in harmony with your estate plan to further protect your growing estate. Finally, you may wish to consider adding advanced directives as well as funeral and burial planning to your estate plan to ensure that your wishes will be honored at the end of your life. The estate planning attorneys at Parman & Easterday would be honored to help you create an estate plan that protects everything dear to you, both now and in the future.
If you have questions or concerns regarding your estate plan, or wish to make an appointment to get started on an estate plan, contact the experienced Prairie Village, Kansas estate planning attorneys at Parman & Easterday by calling 913-385-9400 (KS) or 405-843-6100 (OK) to schedule your appointment today.