Choosing to disinherit a family member requires appropriate estate planning. You have decided to disinherit a family member. Perhaps another loved one needs the money more. Maybe the person you are choosing to disinherit is irresponsible financially. As I tell my clients, some children grow up and others just keep on having more birthdays. Regardless, […]
Life insurance will be a useful estate planning tool. You want to leave an inheritance to your loved ones. To do so, you have created an estate plan. Even so, you are concerned about estate taxes. The are never "permanent" in terms of the applicable exemption limit. You know these could take a bite out […]
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 […]
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.
