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Trust and Probate Administration

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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Breaking News: Indiana’s Ban on Gay Marriage Overturned

U.S. District Judge Richard Young has ruled that Indiana’s ban on gay marriage violates the U.S. Constitution's equal-protection clause.  This ruling comes on the heels of rulings by Federal Courts across the country similarly striking down state bans on gay marriage.  It is expected that the Suprem...

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Estate and Gift Tax Law Changes Included in Obama’s 2015 Budget Proposal

President Obama recently released his 2015 budget proposal, which includes significant changes to estate and gift tax laws. After the American Taxpayer Relief Act of 2012 (“ATRA”) was enacted, the Federal estate and gift tax rules were considered “permanent” for 2013 and beyond. For now, the propose...

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Is Estate Planning Among your New Year’s Resolutions?

Now that we have started a new year, many have set their new year’s resolutions.  Often these focus on short-term health, relationship, emotional, and spiritual goals.  However, 2014 is a great time to address a long-term financial goal: planning your estate affairs.  Sure, it's easy to put it off f...

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