How can I ensure that my estate is distributed according to my wishes?
The best way to ensure that your estate is distributed according to your wishes is to create a comprehensive estate plan. In Kansas, a comprehensive estate plan should include a will, durable power of attorney, and possibly a trust. A will is a legal document that defines who will receive your assets upon your death and how those assets will be distributed. Your will should name an executor who will be responsible for carrying out your wishes. Make sure to keep your will up to date so that it reflects any changes to your wishes over time. A durable power of attorney allows you to appoint someone to manage your assets while you are still living in the event that you are unable to do so yourself. You should appoint someone with whom you trust to make decisions on your behalf and follow your wishes in how you want your assets managed. Finally, a trust may be used to minimize taxes and protect assets from creditors. To create a trust you must appoint a trustee who will be responsible for managing and distributing the assets held in the trust according to the trust’s terms. By creating a comprehensive estate plan that includes a will, durable power of attorney, and a trust, you will ensure that your estate is distributed according to your wishes. Make sure to work with a qualified estate planning lawyer to ensure that your plan is legally valid and meets all the necessary requirements.
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