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 […]
Tax planning and estate planning are intertwined. Think for a minute about your estate planning goals. What comes to mind? Do you imagine helping fund college for your grandchildren? Do you think about the family business being transferred to the next generation? Do you imagine your daughter wearing your heirloom necklace? People have a variety […]
Inaction is not an affordable luxury after the death of a loved one. Your loved one has passed away. The grief is overwhelming. Whether it was sudden or expected, the loss is still great. You want to honor the legacy of your loved one. According to a recent Dallas Morning News article titled “Three things […]
Exercise can benefit those at risk of dementia. Your loved one is showing signs of dementia. Perhaps it is not a loved one. It is you. What can you do? Will anything help? According to a recent New Atlas article titled “Aerobic exercise shown to improve memory in those at risk of dementia,” a new […]
Rules governing inherited IRAs have changed recently. You have recently inherited an IRA. You are vaguely aware of changes in tax law with the passing of the SECURE Act in December of last year and again with the CARES Act in late March. Even so, you are not clear on the new rules and how […]
Digital legacy planning is often overlooked. Throughout most of human history, assets were tangible. These included family heirlooms, jewelry, land, and livestock. Later on, "currency" issued by monarchs and banks appeared. In recent years, wealth has evolved to include the digital realm. According to a recent The Lawton Constitution article titled “Wannabe Wired: Preparing your […]
Trust-owned life insurance is designed to hold your policy. Estate planning and life insurance often have similar goals. They help individuals provide for and protect their loved ones when they die. Trusts are estate planning tools used to efficiently distribute assess to heirs while reducing estate taxes by removing assets from your estate, if the […]
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.
