Planning for nursing home care should involve adequate research. Will you require nursing home care in the near future? Perhaps your parents will require this level of care. Either way, you should not make this transition blindly. According to a recent The Columbia Regional Business Report article titled “Nursing home care requires advance planning,” the […]
Retirement mistakes can deplete your savings. Chances are you will retire someday. This milestone may be quite close. It may also be years away. Whatever your situation, it is important to plan carefully. According to a recent Kiplinger article titled “Avoid These 4 Mistakes That Often Derail Retirement Plans,” retirement mistakes could compromise your golden […]
Beneficiary designations can lead to problems in your estate plan. Some assets pass through beneficiary designations by their very nature, like life insurance, annuities, and retirement accounts. For this reason, this method of asset transfer is particularly important when it comes to your estate planning. If used properly in conjunction within a comprehensive estate plan, […]
I heard the news today, oh boy, tax filing deadlines have been extended. (With a tip of the hat to the Beatles there.) These are hard times. COVID-19 has disrupted the lives of so many people. Businesses have closed down, many people are it of work, and the investment market has dropped a skosh (or […]
Guardianships and Powers of Attorney are not the same. As you age, your mental capacity will decline. Sometimes this is minimal. However, for others, cognitive decline will lead to the inability to make legal choices. According to a recent Pittsburgh Post-Gazette article titled “Guardianships vs. Powers of Attorney,” someone will need to act on your […]
Estate taxes are not going away any time soon. You have heard of estate taxes. Even so, your knowledge of them is limited. You know the exemption threshold has risen in recent years. You also seem to recall hearing that not all states have an estate tax, but that there is a federal tax. Because […]
COVID-19 social distancing can be an excellent excuse for estate planning. No, really. With the current events surrounding COVID-19, you are likely practicing social distancing and are possibly even in self-quarantine. Perhaps you fall within a high-risk category and are protecting yourself. Maybe you are young and healthy and simply want to safeguard others. Whatever […]
Funding a special needs trust can be done in a number of ways. You have a loved one with special needs. Your loved one is dear to you and you provide essential support now, but you cannot ensure that you will always be around. Death and even incapacity may be around the corner for you. […]
Retiring in the cold is preferred by some. What is your ideal retirement? Do you imagine the deserts of the Southwest? Maybe you prefer living near the beach? Often retirees are stereotyped as loving warm weather. According to a recent Investopedia article titled “5 Best Countries to Retire to If You Love Winter,” some people […]
Celebrities have been known to make terrible estate planning mistakes. In our culture, the lives of celebrities can be quite public. In fact, most of them pay a lot a lot of money to personal public relations firms so we do not forget about them! We can find out their relationship status, favorite brands, and […]
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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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