Estate Planning Services
Medical Power of Attorney (Advanced Directive): A medical power of attorney, also called an advanced directive, designates a person to make medical decisions on your behalf if you are cannot due to illness or injury. In an advanced directive, you can decide if you do or do not want life-saving treatment such as resuscitation, intravenous fluids or nutrition, and life-support. Because a person can become incapacitated unexpectedly, having an advanced directive can ensure that your wishes regarding medical treatment are followed if you cannot make these decisions or yourself.
Power of Attorney: A power of attorney, sometimes called a financial or durable power of attorney, names a person to handle the financial affairs for an incapacitated person. It establishes a system to take care of your financial matters, such as accessing your bank accounts and paying bills, if you are unable to do so. For a power of attorney to be effective, it must be made before you become incapacitated due to illness or injury.
Last Will and Testament: A will is a legal document, typically drafted by an attorney, that takes effect after you die. A Will appoints an executor to act as the personal representative of your estate; he or she will “probate” your will after you die, making sure that your property is disposed of properly and that all of your financial matters are settled. Having a will is important no matter what your financial situation may be. If you do not have a will when you pass away, then your assets will be distributed to others based on Kansas laws regarding intestate succession. With a will, you can make sure that your wishes are followed after death. You can also use a will to plan your estate effectively to minimize taxes.
Guardianship: If you have minor children, it is crucial to consider what will happen to them if you die or become incapacitated. A guardianship plan allows parents to make a plan for their children if they can no longer care for them due to death or incapacitation, including who will take care of the children.
Trust: A trust is a legal arrangement that allows a person (trustee) to hold assets on behalf of a beneficiary or beneficiaries. There are many types of trusts, each with different advantages that can help you achieve goals such as maintaining privacy, reducing estate taxes, providing for loved ones with special needs and avoiding probate.