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Estate Planning

Trusts for Disabled Family Members

If you have a loved one who is physically or mentally disabled, then you know firsthand how difficult it can be to plan for the future. You may have asked yourself who will care for your loved one when you are gone. Or perhaps you have wondered how you or other family members can leave assets to you...

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Ryan Schulz, Josh Gessling Named KDDK Partners

[vc_row][vc_column][vc_column_text]Kahn, Dees, Donovan & Kahn, LLP (KDDK) – an experienced full-service law firm dedicated to effectively serving the legal needs of business and individual clients since 1908 – is pleased to announce that Ryan M. ...

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New IRS regulations will soon have an adverse impact on many family owned businesses

On August 2, 2016, the Internal Revenue Service issued proposed regulations that will have a significant adverse effect on the valuation of many family owned or controlled businesses for federal estate and gift tax purposes. These regulations, if finalized, would:

You Don’t Have to Be a Prince to Need a Will

[vc_row][vc_column][vc_column_text]You may not have an estate worth $300 million like Prince, but having a Last Will and Testament and plan in place makes good sense regardless of the value of your assets. As we watch things unfold for Prince Rogers Nelson, with a multitude of heirs and unknown futu...

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Act Now: IRS Expected to Issue Regulations that will Adversely Affect Wealth Transfer

The IRS is expected to issue regulations this fall that will substantially limit the use of family limited partnerships and family limited liability companies.  These entities are often used as a method to gift assets to children and other family members at discounted values, often as much as 40%. ...

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Breaking News: Supreme Court Extends Same-Sex Marriage Nationwide

In an historic ruling, the Supreme Court of the United States has declared that same-sex couples have a constitutional right to marry anywhere in the United States. Read more: Gay marr...

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Advanced Directives: Who Needs Them and Why?

The Month of May is “National Elder Care Month.” While Elder Law encompasses a variety of legal matters impacting senior citizens, it is important that individuals of all ages understand the necessity of basic advanced directive documents such as durable powers of attorney, living wills and health c...

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KDDK Advantage Newsletter, Spring 2015 Issue

The Spring 2015 issue of the KDDK Advantage Newsletter, which provides timely legal information on a wide range of topics of interest to KDDK clients, is now available. Click t...

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Gun Trusts to Transfer Weapons Upon Death

It happens all the time:  A firearm or collection of firearms is passed down when the owner passes away.  Most gun owners do not realize that even if they provide for a transfer of their weapons upon death, their beneficiaries may be inadvertently violating the law upon taking possession. A well dr...

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Discussing Estate Plans Can Be Easier When Everyone Is Together

The holidays are a time of merriment, thanksgiving and spending time with loved ones.  Often times the holiday season is the only chance to see family members who live a great distance away.  This year, while everyone is visiting, take the opportunity to talk with family about your Will, Trusts, Pow...

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