Understanding Wills, Trusts, and Other Estate Plan Tools in Kansas
Our Kansas estate planning attorneys can assist you in making a plan now that protects your interests and the future interests of your family.
What Documents are Part of an Estate Plan?
Each estate plan is unique and requires its own set of documents depending on your wishes and what you want to protect and pass to your loved ones after death. Some essential legal documents commonly used in a Kansas estate plan are a will, trust, powers of attorney, and a living will in Sedgwick County and surrounding Kansas areas.
We help clients prepare the following documents:
- Wills: A Will is a legal document that sets forth your plan to distribute your assets upon your death. Sometimes a Will designates who will receive your assets and how. It may establish a testamentary trust to provide for minor children, for example. When you have a Revocable Living Trust, we have the will provide that any assets that may be subject to probate are to be distributed to your trust, which is where your plan is set forth to distribute assets. This document is called a “pour-over” will.
- Trusts: A trust is a legal document that is an agreement that provides for assets to be held in trust, with a Trustee to hold property, manage the property and distribute property to the designated beneficiaries. There are many different types of trusts for different purposes.
- Powers of attorney: Through a power of attorney, you designate a loved the right to make medical, financial, and personal decisions on your behalf when you cannot make decisions for yourself.
- Living wills: A living will documents an individual’s wishes regarding medical treatment and end-of-life care if they cannot make decisions because they are incapacitated.
There may be additional tools available to help you meet your needs and goals. Contact our team of experienced Wichita estate planning attorneys to learn what options may be suitable for you now and after a loved one’s death during the probate and estate administration process.
Larson & Brown, PA is here to help you and your loved ones understand Estate Planning, Wills & Trusts, Probate & Trust Administration, Medicaid Planning, Veterans Planning, and Farm and Ranch Planning. Our Wichita, Kansas law firm welcomes the opportunity to consult with clients in Wichita and surrounding Kansas areas to learn more about how we can help meet your estate planning needs.