Estate planning allows you to provide for your family by creating a will, establishing a power of attorney or living will, making funeral arrangements in advance and more. If you’re ready to begin the estate planning process, you need the help of an attorney with the knowledge to protect the interests of you and your loved ones.
Proper estate planning is not simply about signing some documents; it is a multifaceted process that, at the time of your incapacity or death, will have a significant impact on the issues and burdens your loved ones will face.
At Harris Law, we work with our clients to develop an individualized estate plan that meets each client’s needs. We review our client’s financial circumstances, wishes for disposition of their assets at the time of death, and help to develop a strategy to achieve those objectives. We attempt to avoid estate taxes and probate and to facilitate the timely transfer of assets.
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Regardless of your net worth, it is important to have a basic estate plan in place.
Any reasonable estate plan contains a will, an assignment of power of attorney, and a living will or health-care proxy (medical power of attorney). When putting together a plan, you must be mindful of both federal and state laws governing estates.
For some people, a trust may also make sense.
You can think of a trust as a secure storage unit, a safe place where you can place your assets before they are released to the people or organizations that you designate to eventually receive them.
A trust is a legal entity and so are you. In the eyes of the law you and the trust are separate legal entities, anything you transfer from you to the trust becomes property of the trust. The trust then holds the property for your benefit, or for the benefit of those whom you designate.
Do you need help assembling your estate plan or a trust? Let our experienced attorneys at Harris Law help guide you through the process.
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A guardianship is a legal proceeding in which the court determines a person to be incapacitated and appoints someone to make personal decisions where there are no sufficient alternate methods available.
Our attorneys at Harris Law can guide you through the process of getting a guardianship set up through the court, and we also provide guidance to ensure you meet the annual reporting requirements to the court.
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A conservatorship is similar to a guardianship, except that conservatorship involves your money and other assets.
A conservatorship is a legal proceeding in which the court determines a person to be incapacitated and appoints someone to make financial decisions where there are no sufficient alternate methods available.
At Harris Law, we can guide you through the process of setting up a conservatorship and provide guidance to ensure you meet the annual reporting requirements to the court.
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Probate is a court procedure where the validity of a will is proved or disproved, and it includes all estate administration proceedings.
When a person dies, all property, other than property passing directly to others, may be subject to a probate proceeding.
Did you know there is no natural right to inherit property? This right exists solely as granted by statute. Kansas law provides for the probating of estates to protect all interested parties.
Ensure your wishes concerning your assets and property are legally protected by contacting Harris Law.
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