Estate Planning Considerations for Second Marriages
Navigating estate planning in second marriages presents distinct challenges. This is especially the case when children from previous relationships are involved. Fortunately, there are some tips and strategies to help when planning for these second, third, or later marriages. Prenuptial Agreements Consider a prenuptial agreement when entering a subsequent marriage, even though it may not […]
Preserving Your Heritage: The Importance of Estate Planning and Essential Strategies
For individuals in the Kansas City area, ensuring the seamless transition of your wealth, assets, and values to the next generation is not just a financial matter – it’s a testament to your life’s work and values. Estate planning goes beyond basic arrangements; it’s about crafting a legacy that will be cherished for generations to […]
Estate Planning Can Reduce Your Taxes
Estate planning is an important financial decision that can help you reduce your taxes and protect your family’s assets. Through careful estate planning, you can take advantage of tax benefits such as reducing your estate taxes, eliminating death taxes, avoiding taxes on assets after death, and possibly deducting estate planning fees. What are the Tax […]
Estate Planning for Blended Families
When a couple marries, they may already have children from previous marriages or relationships. As everyone combines under one household, the result is called a blended family. This union can be a joyous and rewarding one. However, there are challenges. Estate planning for such families is usually more complicated. Today, we’re taking a quick look […]
When Should You Get an Estate Plan
Many financial planners encourage you to begin an estate plan as soon as you reach legal age and revise it every three to five years. As soon as you turn 18, you are now accountable for your money, healthcare (in certain areas), and power of attorney. You need to ensure that everything is in order. […]
