Estate Planning Services

Both wills and trusts are essential tools in estate planning. A will specifies how your assets are distributed after death, while a trust can help avoid probate, provide for minor children, and offer tax benefits. The choice between a will and a trust depends on your individual circumstances and goals.

A durable power of attorney is a legal document that grants someone the authority to manage your financial and legal affairs if you become incapacitated. In Kansas, having a durable power of attorney can ensure that your financial matters are handled according to your wishes during periods of incapacity.

While Kansas does not impose a state estate tax, federal estate taxes may apply to estates exceeding certain thresholds. Strategies to minimize estate taxes include gifting assets during your lifetime, establishing irrevocable trusts, and taking advantage of tax exemptions. Consulting with an estate planning attorney can help tailor a plan to your specific situation.

Dying intestate (without a will) in Kansas means the state will determine how your assets are distributed according to intestacy laws. Typically, assets pass to surviving relatives, such as a spouse or children. However, without a will, you lose control over who inherits your property, which can lead to unintended beneficiaries and potential family disputes.

In Kansas, you can create a valid will without an attorney by following state requirements, such as being at least 18 years old and of sound mind. However, consulting with an estate planning attorney is advisable to ensure your will accurately reflects your wishes and complies with all legal formalities.