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Estate planning steps to take after divorce

You have just come through a divorce, and chances are, it was a stressful time. Now you are looking forward to seeing what the rest of your life has in store for you, but there is one more thing it can be important to do. That is redoing your estate planning.

After all, your ex-spouse probably figures largely into your current estate plan. Here are a few key first steps you may want to consider.

Protect your disabled child with a special needs trust

Planning for your disabled child’s future involves special considerations, as you may have to figure out who will provide for your son or daughter once you are no longer around to do so yourself. In addition to financial considerations, you must also consider factors such as medical care, where your child will live and so on, but getting these matters squared away can help minimize stress and improve your peace of mind.

A common method parents of disabled children use to prepare for the future involves creating a special needs trust. In addition to helping you set aside money for your disabled child’s future, a special needs trust also offers you and your child a level of protection against him or her potentially losing access to government benefits after your passing.

What to put in your will if you are a younger adult

If you are like many young people, the thought of making your will might not often cross your mind. You may not have considered estate planning at all. After all, creating a will or trust is for Kansas residents who are retired or have significant or complex assets, right? You might be surprised to learn that you are never too young to start thinking about making your will after you have reached adulthood.

When you are just starting out in your career, you might not have much in the way of property, money, retirement funds or other items to put in your will, but estate planning often involves more than the inheritance you leave your loved ones. In fact, you can begin building your estate as soon as you move out of your parents’ home and start work. Significant life events, such as getting married and having children, will also affect your long-term estate planning.

Do I need an estate plan if I am single?

Estate plans benefit many people, including single people, and even those who have no close relatives. For example, you may like to leave your assets to your church or favorite charity instead of to a far-flung, near-stranger relative. A well-written will can guarantee this happens and that probate goes smoothly.

However, many single people do have children and other relatives they would like to leave assets to. Furthermore, they may be legally single on paper, but have been with the same person (or people) for years and want to ensure they are taken care of. Plus, with items such as advance directives, you get even more control of your life.

Tips if you plan to leave significant money to your church

When you are drawing up a will or going through estate planning, one of your priorities may be leaving money to your church. It has been a source of joy and love for you, and you want to recognize and honor the church's role in your life.

So, here are a few tips to help ensure everything goes as smoothly as possible for you and your church beneficiary.

Estate planning for your pets is more complex than leaving a will

Now that you have finished your estate planning, you can breathe a sigh of relief. You know that your last will and testament will take care of your loved ones after your death, and if an illness or injury incapacitates you before then, your relatives know your wishes regarding your care. But wait – did you remember to plan for Princess’s care after you pass away or need to move to a care facility? You and many other Kansas residents may overlook planning for your beloved pets when you are handling the estate planning for your human loved ones.

Is it possible simply to leave your pets to another family member in your will? Or, if you have no living relatives, what about leaving your estate to your pets? The answers to these questions are yes and no respectively. By law, pets are personal property and cannot own assets. Therefore, you can leave your cat to an heir in your will, but you cannot legally bequeath Princess your home and wealth.

3 safety tips for older drivers

As you get older, you realize certain tasks may become more challenging, such as driving. While driving is a great way to maintain your independence, you should keep track of your limitations and ensure you are prioritizing your safety. If you get into an accident at this point in your life, the injuries could be severe and life-altering

This does not necessarily mean you need to stop driving right away, but you should learn how to stay on top of your driving skills and adjust to changes. Brush up on tips on how to stay safe as an elderly driver. 

3 tips for preventing a will contest

There are a lot of reasons to create a good estate plan, from making sure your end-of-life wishes are followed to giving certain assets to those you feel deserve them most. One other crucial aspect to ensure your estate plan is airtight is to prevent future fights between your beneficiaries once you pass.

You do not want your will to stir up arguments, controversy or cause long-lasting rifts. Will contests can last for years and have huge implications on family relationships. So how can you work now to avoid this in the future? Consider the following tips to achieve your goal of reducing family conflict about your will. 

Benefits of divorce mediation

Nowadays, couples divorce for all kinds of reasons, and not all divorces involve long, drawn-out courtroom battles, despite what television and movies often suggest. Furthermore, not all divorces involve allegations of cheating, abuse or similar unethical acts. In some cases, parties decide it is time to separate not because they dislike one another, but because they simply are no longer getting what they once did out of the union.

If you are heading for a divorce, but the relationship between you and your partner is relatively amicable, you may find your entire family might benefit from you and your partner undergoing mediation as an alternative dispute resolution method. In addition to giving you and your partner an opportunity to work through your differences and issues with an impartial third party, mediation also:

3 essential steps for starting a new business

As you start your new business, you are likely to hear a lot of contradicting advice and tips. If you search the internet, you may come across numerous articles and forum discussions on the subject from a lot of people who do not know what they are talking about.

The truth is, a few simple steps can make your business formation successful. You do not have to follow a long list of detailed advice or buy a book on starting a business. Here are some basic tips to follow when you begin running your own company. 

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Shawnee, KS 66203

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