A codicil allows you to amend your last will and testament. You planned ahead. You created an estate plan with a last will and testament years ago. Life has a way of changing relationships and resources, yes? Consequently, changed a number of provisions in your last will no longer reflect your current circumstances. According to […]
A family caregiver for a "qualifying" veteran may receive financial compensation. Your loved one served in the military. Your loved one now requires the assistance of a caregiver. Perhaps this is due to age. Maybe it is the result of an combat injury. Whatever the cause, you have taken on the responsibility of caregiver. According […]
Fiduciary duties require trustees to act on behalf of the trust first and foremost. Inheritances can bring out the selfish side of individuals. No, really. Every heir has his or her own idea when it comes to what they are "owed" and what they want to do with their new windfall. After all, they are […]
Strategic action can reduce taxes on your inheritance. You received an inheritance recently. You are not sure whether you need to pay taxes. Although there is no federal inheritance tax, certain states levy an inheritance tax. According to a recent The Street article titled “4 Ways to Protect Your Inheritance from Taxes,” your inheritance could be […]
Probate and trust administration are different processes. You have done your calculations. You likely will have assets remaining when you die. There is more than one option when leaving an inheritance to your loved ones. The two primary methods are through a last will and testament or through a revocable living trust. According to a […]
Scammers are committing long-term care insurance fraud. Paying for long-term care is a daunting expense in retirement. Medicare does not provide coverage for these services. For this reason, many people must seek alternative means of payment. One such option is long-term care insurance. According to a recent The Street article titled “How to Protect Yourself and […]
Parents should make plans for minor children. You are a parent. Maybe you have been a parent for years and have several children. Perhaps you are a new parent who recently welcomed your first child. Parenthood is exciting, rewarding, and fun. It is also a significant responsibility to protect and care for your children. According […]
Different powers of attorney have different functions. You know your estate planning should include incapacity planning, right? The documents required to help you when you die only take affect after you have passed away. Illnesses or accidents can leave you unable to make decisions without killing you. According to a recent The Miami News-Record article […]
An LLC can provide asset protection, as well as other benefits. You want to leave assets to your family. Unfortunately, taxes can take a chunk out of the assets you choose to distribute. What options do you have for preserving the bulk of your estate. According to a recent Investopedia article titled “Using an LLC for […]
You should customize your estate plan to meet your unique needs. Is anything truly one-size-fits-all? There are reasons why most clothing comes in different sizes. People come in all different shapes and sizes. Consequently, they have different clothing needs. According to a recent The News-Enterprise article titled “Don’t settle for a generic estate plan,” people also […]
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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.
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