We are a law firm that focuses on estate planning, Wills & Trusts, and probate law. We understand how lack of estate planning can affect your family and work diligently to ensure that you have peace of mind. We can help you create a legacy plan, including such things as tax issues, intestate law issues, charitable giving, insurance concerns and other sophisticated estate planning issues. We understand how to create a revocable trust (also called a Living Trust) and help you fund it. We do other sophisticated estate matters, such as Irrevocable Life Insurance Trusts (ILITs), Charitable Remainder Trusts (CRUT and CRAT), Family Limited Partnerships (FLPs), Defective Trusts, Credit Shelter Trust provisions, Asset Protection planning and other estate law issues.
What You Need To Know About An Estate Planning Attorney
We provide focused estate administration and planning guidance in the Overland Park, KS and surrounding areas. We try to provide you with the valuable Estate Planning sources you need.
How does the estate pays the probate lawyer?
A probate lawyer can get paid in one of two ways. First, they can be hired on an hourly basis. The probate lawyer will just bill the estate for each hour that they spend on the matter. Second, a probate law firm will bill on a percentage of the estate. The second method is common in Missouri.
Where does Probate need to be filed?
In general, probate is filed in the county in which the deceased lived. Should you own real estate in multiple counties or states, it may be necessary to file probate in each of those locations. With a view to avoid having to file a number of ancillary estates in each place you own real estate, we can develop a plan to your real estate that avoids the time and expense of those multiple court filings.
Should I get my Current Estate Plan Reviewed?
Here are some questions to ask yourself when thinking about your current estate plan: does the arrangement nonetheless meet your needs? Has one thing modified in your state of affairs, the law, or something else that makes completely different ownership higher? Many individuals ought to evaluation their plans to see if their present plans are obsolete or add unnecessary prices and complexity.
What are beneficiary designations?
Beneficiary designations are who receives your pension and other retirement accounts (and insurance accounts). These designations should be reviewed as part of an estate plan. That way, you can create a holistic plan to take everything into account. Some people decide to convey property outside of probate, by means of such instruments as a living trust, forms of joint property ownership that embrace a right of survivorship, payable on dying account, or beneficiary designation on a monetary account or insurance policy. Beneficiary designations are considered distributions below the legislation of contracts and can't be modified by statements or provisions outside of the contract, comparable to a clause in a will.
What are Some Estate Planning Techniques?
A good estate planning group prepares wills and varied types of trusts to reduce or remove federal estate taxes. Instruments they establish embody Revocable Trusts, QTIP Trusts, Irrevocable Life Insurance Trusts, Qualify Personal Residence Trusts (QPRTS), Charitable Lead Trusts, Unitrusts, Technology Skipping Trusts, Supplemental Needs Trusts and personal foundations.
How to Determine if an Attorney is Right for You
You need to build a rapport with your lawyer. Remember, you are wanting to discuss a lot about yourself and estate planning includes discussions of household relationships, finances, and mortality, it is important to decide on someone with whom you're feeling comfy disclosing these details. When you do not communicate all pertinent information to your attorney, you possibly can wind up with a flawed estate plan, leaving beneficiaries either too much or too little access to assets.
What Companies Need To Know About Estate Planning Attorneys -The Eastman Law Firm
At the Overland Park office of The Eastman Law Firm, we provide intensive estate administration and planning steerage within the Overland Park, KS and surrounding areas. Gary Eastman relies on over two decades of experience in estate planning within Johnson County to present his clients with the best possible legal counsel. Eastman handles estate planning, probate and trust services, enterprise transaction regulation and contract negotiations. He brings a singular perspective on actual estate matters and has broad experience.