Timothy Golas has these helpful ideas on executive estate planning – how should a business owner or executive do their estate plan.
Some key takeaways:
- Who are you beneficaries are – life insurance, 401(k)s, bank accounts, etc (beneficiary designations trump your will when they conflict)
- How does your stock pass – including stock options and equity compensation plans
- Trust or no trust? Avoiding probate might be good, or a Will might work just fine
- U.S. and State Estate Taxes? Kansas and Missouri residents only have U.S. estate taxes, not state estate taxes
My law firm, Johnson Law KC LLC, has years of experience helping executives, entrepreneurs, and business owners with their estate planning and probate needs. We know how to tailor legal documents and an estate plan to meet your needs, big or small. Call (913.707.9220) or email me (steve@) today to schedule a free, convenient consultation.
(c) 2017, Stephen M. Johnson, Esq.