The Titanic Clause

Kelli B. Grant of CNBC has this helpful article recommending different estate plan pieces to think about in preparing for the unthinkable: if you and your immediate family and/or heirs die suddenly or together. The article recommends several things: (1) a simultaneous death clause, (2) a survivorship clause, (3) the Titanic clause, (4) double checking beneficiary designations, (5) titles on jointly owned assets, (6) property distribution, and (7) special needs trusts for beneficiaries as needed.

My law firmJohnson Law KC LLC, works with clients on various estate and charitable planning needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of legal issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) today to schedule a free, convenient consultation.

(c) 2017, Stephen M. Johnson, Esq.

Heckerling 2017

The ABA’s RPTE section has these Heckerling Reports from the Jan 9-13, 2017 conference in Florida: intro 1 and 2, nos. 1, 2, 3, 4, 5, and 6.

My law firmJohnson Law KC LLC, works with clients on estate, trust, and elder law needs. Call (913.707.9220) or email (steve@johnsonlawkc.com) today to schedule a free, convenient consultation.

(c) 2017, Stephen M. Johnson, Esq.

Kansas Trust Modification

Happy New Year! Hot off the presses on this cold winter 2017 morning, we have this Kansas Court of Appeals decision about standing and trust modification, from Marysville, Kansas (a small north eastern town). In Re Trust of Clarence Hildebrandt asks if a successor trustee to a Kansas trust has standing to ask the court to modify the trust (pp. 4-5).  Is changing to a different successor trustee (an independent, 3rd party) violating a material purpose of the trust (pp. 5-9)? And does asking a court to modify a trust trigger a no contest clause (p. 9)? The Court answers these questions and more in a brief 9 page opinion.

My law firmJohnson Law KC LLC, works with clients on various estate and trust issues to help clients take care of their legal needs quickly and inexpensively, protect clients’ interests in litigation, and has years of experience counseling clients on a variety of legal issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) today to schedule a free, convenient consultation.

(c) 2017, Stephen M. Johnson, Esq.

Salvation Army Charitable Giving CLE

Happy Thanksgiving from The KC Estate PlannerThe Salvation Army partnered with the NCF Heartland Chapter to host this fall’s 24th annual Salvation Army Gift & Charitable Planning seminar. After the event, the Salvation Army provided video along with speaker materials. Prof Sam Donaldson and Ann Burns, both great speakers and excellent attorneys, discussed the IRS’ proposed 2704 regulations and Form 8971, along with providing invaluable tools for practitioners, such as a sample estate plan flowchart and worksheet.

My law firmJohnson Law KC LLC, works with clients on various estate and charitable planning needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of legal issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) today to schedule a free, convenient consultation.

(c) 2016, Stephen M. Johnson, Esq.

Helping Families After a Loved One’s Death

Losing a spouse, family member, or close friend is a very difficult experience. Wealth Management magazine has this article with some helpful tips for advisors guiding families through those hard moments of life. Helping individuals and families get their financial and legal affairs in place before death can also be invaluable.

My law firmJohnson Law KC LLC, works with clients on various estate and probate law needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of legal issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

(c) 2016, Stephen M. Johnson, Esq.

Partnerships 101

What’s a partnership? A partnership happens when 2 or more people join together in business. Some partnerships gives their owners (partners) a limited liability shield of asset protection, but all partnerships have flow through taxes, so partnership profits are only taxed in the partner’s hands, not at the partnership (entity) level

If my firm can help you with your partnership needs, please call or email me at your convenience. My law firmJohnson Law KC LLC, works with clients on various business law needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of business law issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

(c) 2016, Stephen M. Johnson, Esq.

Corporations 101

What’s a corporation? A corporation is one of the most storied and reliable business forms. A corporation gives its owners (shareholders) a limited liability shield of asset protection.

If my firm can help you with your corporate law needs, please call or email me at your convenience. My law firmJohnson Law KC LLC, works with clients on various business law needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of business law issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

(c) 2016, Stephen M. Johnson, Esq.

Maintenance 101

Just like your car needs a regular oil change and other routine maintenance, so your business has regular maintenance needs. If you have a corporation, you need to have regular meetings, an active board of directors, keep careful minutes of meetings, file an annual report, and be sure to comply with corporate formalities. LLC members or partnership partners have less corporate formalities to comply with, but business maintenance issues often still arise.

If my firm can help you with your business maintenance needs, please call or email me at your convenience. My law firmJohnson Law KC LLC, works with clients on various business law needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of business law issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

Business Disputes 101

Sometimes a business customer doesn’t pay the bill or a dispute breaks out. When your business is owed money, you need an experienced business lawyer in your corner to persuade the customer to pay the bill and avoid the time and expense of court.

If my firm can help you with your business dispute needs, please call or email me at your convenience. My law firmJohnson Law KC LLC, works with clients on various business law needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of business law issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) to schedule a free, convenient consultation.

Business Transitions 101

For small business owners or key players, business transitition is a big deal and major life change. An entrepreneur may want to move on to the next thing in life, a longtime business owner may want to retire, or a family may want to consolidate various business interests into a more innovative or efficient design. Your buy-sell, business succession, or business transaction needs friendly, efficient, expert corporate counsel. Our law firm is uniquely positioned and experienced to help you with your business transition needs in ways that a large Wall Street or KC law firm cannot. Our law firm has helped business owners and entrepreneurs navigate business transition issues, consolidate resources and disparate business entities into  one structure, advised on buy-sell issues, and counseled on private deals.

If my firm can help you with your business transition needs, please call or email me at your convenience. My law firmJohnson Law KC LLC, works with clients on various business law needs to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on a variety of business law issues. Call (913.707.9220) or email me (steve@johnsonlawkc.com) to schedule a free, convenient consultation.