Effective July 1, 2026, married couples have a new estate planning option under the Kansas Community Property Trust Act (the “Act”). Enacted through House Bill 2590 during the 2026 legislative session, the Act allows married couples to voluntarily convert property into community property by transferring the property to a qualifying Kansas Community Property Trust. Historically,
There are few things in life that you can do once and forget about. If you want your car to run well, you must change the oil and have it serviced regularly. Your teeth should be cleaned annually, and you need a flu shot every year. Likewise, your estate plan is one of those things
Your company has numerous options when it comes to providing benefits to its employees. You may have asked around to try to figure out what would not only benefit your employees, but also your company. You want to foster an atmosphere in which your employees feel invested in its success, and that's when you came
There is a satisfaction that comes from knowing you are doing something to help others. Being able to be useful and help others through your work is the ultimate dream come true for many. However, it is still work and success means careful planning and consideration. Running a charitable organization means your primary concern is
Trusts are valuable estate-planning tools for many Kansas residents. In fact, you may be considering creating one in which to put your life insurance policy. This makes it easier for you to determine how to distribute the proceeds to your beneficiaries after your death. Even though it's true that a life insurance policy doesn't go
Estate planning looks a little different for a small business owner than it does for an average individual. In addition to the normal assets and property to consider, owners need to ensure that their businesses are cared for in the event of their death, disablement or retirement It’s a mistake some small business owners make
Running a small business is a difficult task and creating a plan for your taxes can become an afterthought. Making tax mistakes can lead to large unexpected payments and even fines. Business owners need to be mindful of their expected tax payments and be aware of the changing regulations. If you are a business owner
Putting together an estate plan is an obstacle for many families. First, you may not know where to begin. Second, you may not know where to go once you start; and, third, you're afraid of making mistakes that could affect lifelong assets and valuable property. All of these concerns are valid, and estate planning attorneys
Most people have a disconnect between thinking about their later years and actually taking action, especially when it comes to estate planning and health care directives. Maybe it's a fear of mortality and maybe it's uncertainty about medical treatments. Regardless of the reason, the fact is that most Americans don't have a defined plan to
President Trump has proposed tax policy change that has the potential to make home ownership less attractive for many Americans. The proposal would increase the standard income tax deduction to a point where only the wealthiest Americans would benefit by taking itemized deductions instead. Under the proposed plan, the standard deduction for married couple filing jointly would