Used in Estate Planning:
Will/HEALTH CARE TREATMENT DIRECTIVE
Generally, this document provides for
life-sustaining machines/procedures to be removed/stopped in the event you are
in a certain condition and your physician does not expect you to to
survive with the life-sustaining machines/procedures. Some examples of
machines/procedures are CPR, respirator, tube feedings/water.
This document appoints
an individual(s) to make health care decisions for you in the event you are unable
to make health-care decisions for yourself.
Attorney for Financial Decisions
This document appoints
AN individual(s) to make financial decisions for you in the event you are unable to
make financial decisions for yourself.
This document provides for the disposition of
your assets at your death and the appointment of an executor, guardian and
conservator (if applicable) and trustee (if applicable). A Last Will and
Testament is probated (court supervised transfer of assets).
Trust (REVOCABLE TRUST OR INTER-VIVOS TRUST)
This document is used by
an individual to hold assets while the individual is alive and is intended to
avoid probate after the death of the individual. This is also used for tax
planning and a number of other objectives and purposes which are discussed in
our meeting. To properly use a Living Trust, assets must be transferred to
We can assist
in the transfer of real estate and closely held
businesses to trust for our clients.
can also be used for estate tax planning. This will
be discussed during your appointment and upon review of your situation.
Examples of tax planning trusts are
marital/non-marital trusts (also known as “AB Trusts”), charitable remainder
trusts and irrevocable life insurance trusts,
which can increase the amount that may be passed free from federal and estate
There are several types of
deeds, many of which are used in estate planning. Depending on your estate
plan, we will prepare deeds for real estate you own in Kansas and Missouri.
Some examples of deeds frequently used in estate plans are quitclaim deeds,
warranty deeds and beneficiary deeds.
We will provide you with a
form for you to list your tangible personal property. This list will be a
supplement to your Last Will and Testament and Living Trust. It identifies
specific items and names of people to receive those items. The Last Will and
Testament or Living Trust will refer to the list and specify that these personal
items should be distributed based on the list. By keeping a separate list, you
can amend it as needed without altering your Last Will and Testament or Living
You will outline your
funeral wishes in a separate document from your Last Will and Testament and/or
Living Trust and will give it to your executor, family member or a trusted
friend. Unless you or your family members make other arrangements, funeral
costs will be paid from your assets before anything is distributed to your
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