Divorce impacts finances, relationships, and life circumstances. Because an estate plan address both people and property, individuals will need to change their estate plans to align with the changes triggered by divorce.
While everyone must be proactive in aging well, women must address unique challenges related to life expectancy, financial security, health, and social engagement.
A power of attorney ensures that a trusted person can make decisions on your behalf instead of your affairs being managed under a court-appointed guardianship.
A Qualified Domestic Trust (QDOT) allows spouses who are not citizens of the United States to inherit assets while minimizing the estate tax burden until after the surviving spouse dies.
When a beneficiary dies before receiving their inheritance, the fate of assets may come into question. By naming a contingent beneficiary and understanding state laws, people can maintain greater control of who inherits instead of the deceased beneficiary.
American adults without an estate plan should make estate planning a New Year’s resolution while those who do have a legal plan in place should prioritize reviewing their documents.
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
Overland Park Estate Planning Attorney Kyle Krull assists clients in Kansas and Missouri with Estate Planning, Wills, Trusts, Revocable Living Trusts, Charitable Planning, Asset Protection and Business Succession Planning in the greater Kansas City area including Overland Park, Leawood, Olathe, Lenexa, Johnson County Kansas and Jackson County Missouri.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
