There are several solid reasons to prioritize estate planning. A shocking number of Americans do not have an estate plan. Period. Because estate planning encompasses incapacity and end-of-life issues, those without a plan place their loved ones in a tough situation. According to a recent c|net article titled “Estate planning 101: Your guide to wills, […]
You must be extra attentive when disinheriting a family member. You know how you want your estate distributed when you die. You also have chosen to "disinherit" certain family members. Your decision will make some people angry. According to a recent Times Herald-Record article titled “Dealing with disinheritance, spouses,” estate planning can feel especially complicated […]
A pension plan can be significant help in retirement. Fewer employers offer pension plans than in the past. The numbers of pension plans have fallen from 103,000 in 1975 to 46,700 in 2017. While pensions have become less popular, 401(k) plans have grown from 207,700 in 1975 to 662,800 in 2017. Although pension plans and […]
Medicare may continue its level of telehealth coverage after COVID-19. Many services have adapted in the midst of COVID-19. To minimize potential exposure to the virus, telehealth has become an important alternative to in-person visits. By providing accessibility to these services, Medicare expanded its telehealth coverage during COVID-19. According to a recent STAT article titled […]
There are several steps to making a life insurance claim. Life insurance is a valuable estate planning tool. No other financial asset can create an "instant estate" to care for your loved ones. Full stop. The death of a parent or spouse can leave the surviving family members financially vulnerable. Leaving a life insurance policy […]
There are certain times in life when you should update your last will and testament. If you already have a last will in place, you have done more planning than the majority of your fellow Americans. Although you can certainly congratulate yourself, do not become overly confident. Your last will needs to be reviewed and […]
The SECURE Act and the CARE Act impact your IRA. The year 2020 has impacted everyone. And not necessarily in a good way. Across the globe, COVID-19 has left panic and loss in its wake. Loved ones have passed away. Jobs have been lost. Stocks have plummeted. According to a recent Milwaukee Business Journal article […]
The widow of Kobe Bryant wants to amend the trust created by her husband. The deaths of Kobe Bryant and his daughter Gigi in January were tragic. Any loss of life is heartbreaking. The grief is especially great when death is unexpected. Often in these circumstances, families are left with no direction, plan, or support. […]
Self-employed individuals have unique Social Security guidelines. You are self-employed. As such, you are no stranger to responsibility. You wear a number of hats. You work in billing, project management, customer relations, and sales. According to a recent Investopedia article titled “How Social Security Works for the Self-Employed” the IRS recognizes your complex business situation. They […]
Not everything belongs in a safe deposit box. You have a safe deposit box at your local bank. You have decided to keep all of your important documents, heirlooms, and sums of cash inside the bank. Although this may seem the safe choice, it is not. According to a recent Kiplinger’s article titled “9 Things You'll […]
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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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