Wills, Trusts and Estate Planning Attorneys in Hutchinson, KS
You’ve worked hard to build your estate throughout your career. You have grown your wealth through hard work, smart saving, and intelligent investing. You have managed your money wisely, but what happens to that wealth after you pass away?
Although this is not the most upbeat topic to discuss or even think about, you want to make sure those assets are distributed in the manner you desire. In Kansas, estate planning is especially crucial because, without a will or trust, your estate will be distributed by state regulations.
Organizing Asset Distribution with Your Estate Planning Attorney in Hutchinson, Kansas
At Oswald Law, we work with you to help you plan your estate by providing you with options.
The Difference Between a Will and a Trust
With a will, you direct and control the distribution of your property and wealth upon your death in writing. Without one, where your assets go will depend on whether you have children, a spouse, or another relative living when you die. The decision on where your wealth goes if you do not have a will is made according to state intestate succession laws. This can cause tension among families who are already struggling to cope with their loss.
If you would like to avoid the court system, you can utilize a trust. A trust lets you avoid probate altogether and can be used to begin distributing property before death, at death, or afterward. A trust can save time and money, but you cannot stipulate funeral arrangements or have a say in where property goes that was not previously included in the trust.
There are other ways to circumvent the court system when planning your estate. We will sit down and discuss what you want and work to create a plan that ensures your assets and money are dispersed based on your specifications.
Estate Planning Services at Oswald Law
We prepare the documents necessary to complete your plan and represent you in the manner you want. We can serve as the executor of your estate and represent you in court or help you work through the process of selecting a court-appointed administrator. Our full list of services in this area include the following:
- Will preparation
- Trust preparation
- Estate planning
- Alternatives to probate
- Durable power of attorney for business
- Medical power of attorney
- Living will
- Transfer on death deeds
- Probate of estate with will
- Probate of estate without will
- Small estate affidavit to avoid probate (less than $40,000)
No one wants to think about their death, but it is important to preplan your estate to ensure that your property goes where you want it to. Proper estate planning is the key to keeping financial tension low among families when emotions are already running high. The estate planning attorneys at Oswald Law are here to help you put together everything you need to effectively distribute the property and assets you have worked hard for all of these years.
Get a winning team to fight for you when it matters most.
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