How do I set up an estate plan?

Creating an estate plan is an important decision and should be done with careful consideration. In Kansas, the process of setting up an estate plan begins with consulting an experienced estate planning attorney. Your attorney will guide you through the estate planning process, and help you make informed decisions that best meet your needs. Your lawyer will likely begin by helping you consider the specific assets you have that need to be included in your estate plan. The attorney can help you decide which assets should be included, how they should be distributed, and who you would like to administer the estate. The attorney can also help you determine which type of estate planning documents best suit your needs. Commonly used documents include a will, trust, power of attorney, and health care directive. These documents will ensure that your wishes are honored and that your assets are distributed according to your wishes. Your attorney may also recommend additional estate planning options, such as creating a living will to provide instructions regarding end-of-life health care decisions, or establishing guardianship for minor children if you are unable to care for them. Once you have created and organized your estate plan, it is important that you make arrangements for its safekeeping. Your estate planning attorney can provide you with advice on the best way to store and maintain your documents. By working with an experienced estate planning attorney, you can have peace of mind that your wishes will be honored and that your assets will be distributed in a way that is consistent with your wishes.

Related FAQs

What is the difference between a living trust and a living will?
What is a guardianship and why should I consider it?
What is a durable power of attorney?
What is an irrevocable trust?
What is a health care directive and how does it work?
What estate planning documents must be witnessed?
How can I ensure that my wishes are carried out after my death?
Should I consider creating a trust for my pet?
What tools are available to help me plan my estate?
What is a trust account and how does it work?

Related Blog Posts

Understanding Estate Planning Law: What You Need to Know - July 31, 2023
Developing an Estate Plan: A Guide for Families - August 7, 2023
Tax Planning Strategies for Estate Planning Professionals - August 14, 2023
The Basics of Estate Distribution and Taxation - August 21, 2023
Exploring the Benefits of a Living Will - August 28, 2023