About Pilar Perez-Wagoner

This author has not yet filled in any details.
So far Pilar Perez-Wagoner has created 53 blog entries.

Do I Need a Trust if I Own Out of State Real Estate?

At WM Law, we like to use the KISS principle when it comes to developing estate plans. That is, we like to set up an estate plan in the simplest form that can achieve the goals of our clients.  Consequently, most of the estate plans that I create don’t include a trust.  I have set up plenty of trusts, of course, but I have found that most people don’t actually need trust.  I feel that trusts add unnecessary complexity to an estate plan if they are not needed, plus, even more concerning, they create a false sense of security.  If I can create an estate plan without a trust that still accomplishes the client’s goals, that’s what we do.

The recommendation to forego a trust oftentimes surprises people. One of the most common concerns I hear is that the client owns real estate in another state, oftentimes a vacation home. They have heard that if you own a property in another state, then that property requires a trust.  Sometimes, that is exactly the case, but that is due to the laws of the […]

By | February 3rd, 2022|0 Comments

¿Necesito un fideicomiso si soy dueño de bienes raíces fuera del estado?

En WM Law, nos gusta usar el principio KISS cuando se trata de desarrollar planes patrimoniales. Es decir, nos gusta establecer un plan patrimonial de la forma más sencilla que pueda lograr los objetivos de nuestros clientes. En consecuencia, la mayoría de los planes patrimoniales que realizo no incluyen un fideicomiso. He establecido muchos fideicomisos, por supuesto, pero he descubierto que la mayoría de las personas en realidad no necesitan un fideicomiso. Siento que los fideicomisos agregan una complejidad innecesaria a un plan patrimonial si no son necesarios y, lo que es aún más preocupante, crean una falsa sensación de seguridad. Si puedo crear un plan patrimonial sin un fideicomiso que aún cumpla con los objetivos del cliente, eso es lo que hacemos.

La recomendación de renunciar a un fideicomiso a menudo sorprende a la gente. Una de las preocupaciones más comunes que escucho es que el cliente posee bienes raíces en otro estado, a menudo una casa de vacaciones. Han escuchado que si posee bienes raíces en otro estado, entonces esos bienes inmuebles requieren un fideicomiso. A veces, ese es exactamente el caso, pero eso se debe a las leyes del estado donde se encuentra el inmueble, no solo porque […]

By | February 3rd, 2022|0 Comments

Estate Planning for New Parents or Parents-to-Be

If you have recently become new parents or parents-to-be, the last thing on your mind is probably doing estate planning.  After all, you’re young, probably healthy, and all of your energy is focused on that new baby.  Why in the world should you worry about preparing an estate plan now – that’s something your parents or your parents’ parents have to deal with, right?

In some ways, estate planning is more vital to a young couple than it is to an older couple.  For the first time in your life, you have or soon will have a completely helpless human being who is totally dependent upon you for his or her care.  And what happens if something happens to you or your significant other or both?

Financial Responsibility of New Parents or Parents-to-Be

There are the financial aspects to address as new parents or parents-to-be, such as determining and obtaining an appropriate amount of life insurance.  And saving for that inevitable college education.  That’s something a financial planner can assist you with, and it is equally important.  But, estate planning deals with the legal […]

By | October 15th, 2021|0 Comments

Holiday Time is “Let’s Talk” Time

The holidays are upon us yet again.  Every year at this time, it is tradition that I pester you about visiting with your family about your plans and wishes in the event you pass away.  Although it may kill the holiday mood a bit to talk about your passing, it is very important that you do so.  There are likely 2 or 3 people very close to you that you envision “handling things” upon your incapacity or passing.  Those are the folks that you need to sit down with over a pint of beer or glass of wine and just let them know your thoughts.

 

As I mentioned, it is a bit of a mood killer, but you may find it is comforting to both you and your loved ones to do so.  Letting them know your wishes means that they aren’t guessing (and getting it WRONG!) when the time comes that something happens to you.  It will lessen the likelihood that your family will fight about issues after your incapacity or passing because you won’t have to guess about what “Mom” or “Dad” wanted.  If Mom and/or Dad just sat down and went over his or her wishes, there won’t […]

By | November 25th, 2020|0 Comments

Beneficiary Deeds

 

I’ll start with a blanket statement:  everybody who owns real estate in either Kansas or Missouri should have a beneficiary deed on file for that real estate, assuming it is not already placed in a trust.  But, time and again, I see folks who pass away without having filed that simple, cheap and easy form with the county.  A simple beneficiary deed can mean the difference between a quick and easy transition of your property to your heirs versus a long, drawn-out, expensive probate procedure.

A beneficiary deed is also known as a “transfer on death” deed.  It allows your real estate to transfer automatically upon your death to whoever you name in that deed.  You still own the property when you file a beneficiary deed on your real estate.  You retain full control over it.  You can mortgage the property, you can sell the property, you can do whatever you want with it – the beneficiary does not restrict your ownership of the property at all.  If you get angry with the person you’ve named in the beneficiary deed to get your property, no problem – you can revoke that deed at any time you’d like.  You can change the […]

By | September 30th, 2020|0 Comments

Escrituras Beneficiarias

Comenzaré con una declaración general: todos los propietarios de bienes raíces en Kansas o Missouri deben tener una escritura de beneficiario archivada para esos bienes raíces, suponiendo que no estén ya depositados en un fideicomiso. Pero, una y otra vez, veo personas que fallecen sin haber presentado ese formulario simple, barato y fácil en el condado. Una simple escritura del beneficiario puede significar la diferencia entre una transición rápida y fácil de su propiedad a sus herederos versus un procedimiento de sucesión largo, prolongado y costoso.

Una escritura de beneficiario también se conoce como una escritura de “transferencia en caso de fallecimiento”. Permite que su propiedad inmobiliaria se transfiera automáticamente después de su muerte a quien sea que nombre en esa escritura. Aún es dueño de la propiedad cuando presenta una escritura de beneficiario sobre su propiedad inmobiliaria. Usted mantiene el control total sobre la propiedad.. Puede hipotecar la propiedad, puede vender la propiedad, puede hacer lo que quiera con ella; el beneficiario no restringe su propiedad de los bienes en absoluto. Si se enoja con la persona que ha nombrado en la escritura del beneficiario para obtener su propiedad, no hay problema; puede revocar esa escritura en cualquier momento que […]

By | September 30th, 2020|0 Comments

Transferencia por fallecimiento de titularidad de una sociedad de responsabilidad limitada

 

Cuando hacemos un plan de sucesión, nuestro objetivo n. ° 1 es tratar de lograr lo que usted desea que se realice con sus posesiones, evitando al mismo tiempo la Corte testamentaria.. A veces, podemos hacer ambas cosas, pero eso no nos impide intentarlo. Por lo tanto, realmente buscamos nuevas formas de evitar la corte testamentaria: los denominamos “mecanismos para evitar sucesiones”. Algunos de los mecanismos de evitación de sucesiones más comunes son las designaciones de “Transferencia en caso de muerte”. Puede designar a un beneficiario para que reciba el título de su vehículo de motor en Kansas y Missouri simplemente completando el bloque “TOD” en su solicitud de título. Puede transferir el título a su hogar u otro inmueble utilizando una “Escritura de beneficiario”, que también se conoce como “Transferencia de escritura de defunción”. Pero, ¿qué pasa con su participación en una compañía de responsabilidad limitada? Bueno, eso no es tan sencillo o al menos no es tan fácil. Lo primero que consideramos con una compañía de responsabilidad limitada (“LLC”) es el “Acuerdo Operativo”. Es posible que haya sido propietario de una LLC durante mucho tiempo y aún no tiene idea de lo que es un Acuerdo Operativo. No […]

By | August 3rd, 2020|0 Comments

Transfer on Death of Ownership of a Limited Liability Company

By Jeff Wagoner, W M Law President

 

When we do an estate plan, our #1 goal is to try to accomplish what you want with your estate while simultaneously avoiding probate.  Sometimes, we just can do both, but that doesn’t keep us from trying.  So, we really look hard to find new ways to avoid probate – we call those “probate avoidance mechanisms.”  Some of the most common probate avoidance mechanisms are “Transfer on Death” designations.  You can designate a beneficiary to receive title to your motor vehicle in both Kansas and Missouri simply by filling out the “TOD” block on your title application.  You can transfer the title to your home or other real estate by using a “Beneficiary Deed”, which is also known as a “Transfer on Death Deed”.  But, what about your ownership interest in a limited liability company?  Well, that’s not quite so cut and dry, or at least it isn’t quite so easy.  The first thing we look at with a limited liability company (“LLC”) is the “Operating Agreement.”  You may have owned an LLC for a long time, and still have absolutely no idea what an Operating Agreement is.  No worries, because frankly, lots of […]

By | August 3rd, 2020|0 Comments

Trámites relacionados  un pariente que murió sin una última voluntad o testamento

Una de las cosas más consideradas que puede hacer por su familia es asegurarse de tener un plan de patrimonio actualizado, incluso si se encuentra en perfecto estado de salud. Ahorra una enorme cantidad de costos y estrés e incluso angustia tener sus asuntos en orden en caso de que fallezca inesperadamente. Este blog está escrito para aquellas personas que lamentablemente fallecieron recientemente y, para empeorar las cosas, ese ser querido no tenía un plan patrimonial. Si usted es la persona que tiene la responsabilidad de terminar el patrimonio de ese ser querido, es probable que se sienta abrumado en este momento. Probablemente también se sienta un poco nervioso, especialmente si hay otros miembros de la familia que dependen de usted para liquidar el patrimonio y compartir las ganancias con ellos. Si no se hace correctamente, incluso podría verse en frente de un tribunal para responder sobre lo que sucedió con la propiedad del difunto.

 

Muchas veces, hay rumores de que un familiar fallecido tenía activos que valían mucho más de lo que realmente eran. Por ejemplo, se presume que un miembro de la familia que siempre vivió en una casa bonita y conducía un automóvil lujoso tenía mucho dinero. Pero, […]

By | September 24th, 2019|0 Comments

Dealing with a relative who died without a will

 

By Jeff Wagoner, W M Law President

One of the most considerate things you can do for your family is to make certain that you have an up-to-date estate plan, even if you are in perfectly good health.  It saves a tremendous amount of cost and stress and even heartache to have your affairs in order in the event you pass away unexpectedly.  This blog is written for those people who have unfortunately had a loved one pass away recently, and to make matter worse, that loved one did not have an estate plan.  If you are the person who has the responsibility of wrapping up that loved one’s estate, you are likely feeling overwhelmed at the moment.  You are probably feeling a little nervous as well, especially if there are other family members who are depending upon you to liquidate the estate and share the proceeds with them.  If not done properly, you could even find yourself dragged into court to answer as to what happened to the decedent’s property.

Many times, there are rumors that a deceased family member had assets worth far more than they actually were.  For example, a family member who always lived in a nice house […]

By | September 24th, 2019|0 Comments