estate planning Posts by The KC Estate Planner, LLC

Handling the Legal Affairs of an Estranged Noncitizen Spouse at Death

As the world becomes a global community, it is no longer uncommon for married couples to maintain different citizenships. While a difference in citizenship alone can present complications from a tax perspective, another set of challenges arises. When a noncitizen spouse separates from the US spouse, returns to live in the home country, and then […]

Five Mistakes Successor Trustees Make (and How to Prevent Them)

When establishing a trust, you must give serious thought to who you choose as your successor which is the person who will manage, invest, and hand out the trust’s accounts and property once you are no longer able to do so. This individual ideally should be someone you trust absolutely; someone who is organized, responsible, […]

A Tale of Two Celebrities: Chadwick Boseman and Eddie Van Halen

The death of iconic celebrities can sometimes impact us deeply because it reminds us of our shared humanity. With celebrities passing, we realize that death is an equalizer. It also reminds us of the importance of estate planning to protect a person’s money and property. Estate planning is not reserved for those with large amounts […]

You Inherited a Retirement Account: Now What?

For decades, common financial planning wisdom has encouraged almost all American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most states, protect your savings from claims of creditors. And by and large, […]