At Kairos Law Group, we understand the importance of protecting your assets, securing your family's future, and making sure that your wishes are honored. As a firm, we specialize in estate plan drafting and probate avoidance, so we're confident that we can help you create a plan that works for you.

Understanding Estate Planning: Protecting What Matters Most

Estate planning is the process of making legally binding arrangements regarding the division and distribution of your assets in the event of your incapacitation or death. It allows you to protect and provide for your loved ones while minimizing taxes and ensuring your wishes are carried out.

Step-by-Step Estate Planning Checklist for the New Year

  • Assess Your Current Assets and Liabilities: Take stock of your assets, including property, investments, and insurance policies. Determine your liabilities, such as debts and mortgages. This will help you gain a clear picture of your financial situation, guiding your estate planning decisions.
  • Review and Update Your Beneficiary Designations: Make sure that your beneficiary designations are up to date on all your accounts, including retirement plans, life insurance policies, and investments. Accurate designations will ensure a smooth transition of your assets to your loved ones according to your wishes.
  • Create or Update Your Will: A will is a crucial document that outlines how your assets will be distributed upon your passing. Review your existing will and make updates as necessary. If you don't have a will, consult with our Omaha Estate Planning Attorney to draft one that meets your unique needs.
  • Establish Power of Attorney: Designate someone you trust to make financial and medical decisions on your behalf if you become incapacitated. This ensures that your affairs are managed effectively and according to your wishes, even if you aren't able to communicate them directly.
  • Consider a Trust: Explore the benefits of establishing a trust to protect your assets and potentially reduce probate costs and estate taxes. At Kairos Law Grouop, we generally suggest establishing a trust in place of a will since with a trust there is no probate. Trusts also offer more privacy since there is no public probate process. With no probate, your beneficiaries will also have access to funds quicker after your death or incapacitation.

Contact Kairos Law Group Today

Completing an estate planning checklist is the first step toward protecting your loved ones' financial future. Don't underestimate the importance of seeking professional advice from an experienced Estate Planning Attorney. At Kairos Law Group, we have a proven track record of helping clients achieve their estate planning goals.

‍Contact us today at (402) 922-9424 to schedule a consultation and secure peace of mind knowing that your wishes will be carried out effectively when the time comes.