Kansas City Estate Planning Attorneys | (913) 908-9113 | The Eastman Law Firm

Find out more at The Eastman Law Firm http://theeastmanlawfirm.com | call us at (913) 908-9113 | Estate Planning Attorneys in Kansas City

00:03 - What is legacy planning?
00:07 - What does estate planning mean?
00:19 - An estate plan answers critical legal questions
00:29 - What about your children?
00:45 - You can choose when your children get their inheritance
00:54 - What is included in your estate
01:08 - How do you decide your healthcare decisions?
01:23 - Your legacy plan is customized
01:28 - Your legacy plan is cost effective
01:35 - Your legacy plan brings peace of mind
01:41 - Our phone
01:52 - Our web site

Kansas City Estate Planning Attorneys

Just what is estate planning?
When you pass away or become incapacitated, estate planning is the procedure of establishing exactly what will take place to your affairs as well as properties. Excellent estate planning will make certain that your possessions are suitably designated which your loved ones will continuously be looked after in case something occurs to you. Associated with the estate planning process are such undertakings as: composing out a will, establishing a trust, creating a durable power of attorney, as well as other important steps.

Revocable Trusts and Wills

Estate planning indicates readying your estate for your death or incapacity. Lawful Wills and Trusts are between the most common tools made use of for this purpose. A will is a legal document that you draft in order to control how your estate (possessions, guardianship, etc.) will be dispersed when you are gone. When prepared well, a will could enable you to prevent the intestate process entirely (i.e., the procedure in which a law court controls how your properties are distributed when you are gone).
Trusts are legal files that are utilized to transfer properties from a single person to one more person (or company). There are many various kinds of trusts, consisting of Family Trusts, Irrevocable Trusts (including Irrevocable Life Insurance Trusts), Living Trusts, and more. Though each is a different legal tool, the typical string is that they are all made to allow you direct ownership of your assets, rather compared to letting the courts send possessions to outside events like lenders or the government (via estate tax and the like).
Other Estate Planning Methods

There are a variety of alternatives for your estate plan. You will want to analyze your options and establish a legally effective plan that fulfills your certain desires. Great estate planning is more than merely a simple will. Estate planning can also reduce tax obligations as well as expenses.

Living Will and Testament: Introduction

A will is a document by a person explaining how they desire their possessions taken care of at death. When the majority of people consider a Will, they think about a simple will. A simple will is one that provides for the outright distribution of your property upon your death. Also, your will details who you want to take care of your children after death.

What is a Revocable Trust?

A legal trust is a body regularly used in estate planning that can help a person disperse residential property after they have died. The trust is a written collection of guidelines that will identify how, just what, when, and also where a piece of property or gift is to be dispersed to an heir or beneficiary. Considering that a trust is a legal entity, you must follow the policies summarized in your state to ensure that the trust is established up correctly, managed by a trusted person, and also appropriately funded.
Estate Plan basics
Every estate plan ought to include the following:
• A way to handle your properties in case you end up being incapacitated
• A way to pass your possessions on your liked ones after you pass away
• A means to ensure that medical care choices will be made by the individuals you trust most
• A means to accurately share your end-of-life care preferences

The Eastman Law Firm
4901 West 136th Street Ste. 240
Leawood, Kansas 66224-7900
(913) 908-9113

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