Maximize your inheritance through careful planning. People tend to treat money they have earned differently than money they have been given. Have you ever noticed that? Gifted or inherited money is often spent quickly on big-ticket items. It certainly is tempting to go on a shopping spree or get a taste of luxury. According to […]
COVID-19 puts seasoned citizens at risk. Are you considered a senior? Perhaps your parents are in this age group. Either way, you should be particularly cautious in the midst of the COVID-19 pandemic. Many businesses have already taken action with their own precautions. According to a recent MarketWatch article titled “America’s growing elderly population is […]
Estate Planning is essential at all times, but especially so in times of uncertainty. People have varied reactions to COVID-19. Some deny the seriousness of the virus. Others are overcome with anxiety. Still others find peace. Perhaps you fall neatly into one of the categories. Maybe you cycle through them. Either way, it is easy […]
A revocable trust can be dissolved. When it comes to trusts, there are two primary categories. The first is an irrevocable trust. The other is a revocable trust. The primary differences are found their names. The revocable trust is designed to be relatively easily changed or dissolved at anytime by the creator of the trust […]
Retirees considering marriage should evaluate several factors. You are in your later years. While in retirement, you have found purpose elsewhere. You have found love. Should you tie the knot? According to a recent Kiplinger article titled “Financially, Marriage Makes a Lot of Sense for Retirees,” retirees considering marriage should weight the pros and cons. […]
COVID-19 tests will be covered under certain Medicare plans. As a worldwide pandemic, COVID-19 has been all over the news. The value of COVID-19 testing is emphasized by healthcare workers across the country. Although these tests are important, they raise a number of questions. What are they? According to a recent CNBC article titled “Medicare […]
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 […]
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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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