Gray divorce will impact estate planning. You are no longer in the days of your youth. You are either nearing or in retirement. You are also entering into a divorce. According to a recent Clare County Review titled “Rising Gray Divorce Rates Are Making Estate Planning Problems More Complicated,” gray divorce brings with it a […]
Storing last wills and other estate planning legal documents can be complicated. Storing documents, in general, has changed significantly over the years. In the past, all files were paper. Next, there were computer hard drives and "floppy" disks. Now, cloud-based storage exists. According to a recent Daily Local News article titled “Could your future will […]
Estate planning myths are quite prevalent. There is a lot of confusion surrounding the laws regarding trusts and estates. Well meaning people speak out of turn. Unqualified people give advice. According to a recent Cherokee Tribune & Ledger-News article titled “I’m dead, now what? Myths about deaths in Georgia,” these estate planning myths can lead […]
Probate is often misunderstood. What do you think when you hear the word “probate”? Do you think of inconvenient bureaucracy? Do you imagine family drama? According to a recent The Million Acres article titled “Probate Explained: What Is Probate, and How Does It Work?,” probate often has a bad reputation. In reality, this legal process […]
Unpaid debts may haunt you. No one likes unpaid debts. They can feel suffocating. The grief of losing a loved one is even worse. According to a recent nj.com article titled “Is mom liable for my dead father’s credit card debt?,” no one wants to combine the two. If you recently lost a loved one, […]
Leaving money to charity can bless others for a long time. Recently, a Rock Island, Illinois resident passed away. At the age of 93, Rosemary Woodard was not famous. In fact, she lived a life serving others as a nurse. She also lived a life of charity and generosity when it came to her community. […]
A Power of Attorney is essential to getting your affairs in order. Pondering one's potential "incapacity" is not pleasant. It is not a pleasant reality either. Incapacity is even more unpleasant if you are not prepared for it. According a recent Recently Heard article titled “6 Reasons to Choose a Power of Attorney,” a power […]
Financial infidelity is one type of marital unfaithfulness. You are married. Perhaps you have been married for a long time. Maybe your marriage is relatively new. You were financially secure, but you did not enjoy managing your financial affairs. Instead, you let your spouse manage the money. According to a recent The Mercury article titled […]
A vacation home can have drawbacks. You and your family like to get away. Buying a vacation home seemed like a great idea. Your children could inherit it. You may even be able to rent it out together. According to a recent Barron’s article titled “What Retirees Should Know Before Buying a Vacation Home,” a […]
Retirement withdrawals should be taken strategically. You have been planning for retirement for awhile. Likely you have an IRA, 401(k), 403(b), profit sharing or some combination of tax-deferred retirement plans (i.e., where contributions to the plan are pre-tax and the increase on those funds is deferred until withdrawal). You even worked a few extra years […]
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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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