IRA withdrawals can trigger penalties. You have an IRA. Perhaps you have more than one. You have signifiant assets tied up in these accounts. Can you access and use this money? According to a recent Investopedia article titled “9 Penalty-Free IRA Withdrawals,” the answer is not so simple. How so? Making IRA withdrawals make bring […]
Kirk Douglas left a significant estate. Kirk Douglas had a prolific career. For some 40 years, he worked steadily. Although his career slowed in the early 1980s, he still had a significant estate upon his death. According to a recent Wealth Advisor article titled “Kirk Douglas Lived Well, Died Rich And May Trigger $200M Los […]
Estate planning laws have changes, especially when it comes to the beloved "stretch" IRA. With a stretch IRA, those inheriting IRAs could take "required minimum distributions" over their lifetimes. Before January 1, 2020, stretch IRAs were a significant estate planning tool. That is the date the "Setting Every Community Up for Retirement (or SECURE) Act" […]
An end-of-life checklist can help you accomplish your goals. Very few people think about end-of-life issues. No, really. In fact, even fewer people plan for them. Be one of the few. According a recent Maricopa article titled “Make an end-of-life checklist,” taking time to outline and organize your affairs will help you in the long-term. […]
Long-distance caregiving presents its own challenges. Your parents are aging. Whether their bodies are degrading mentally or physically, they may need a little more help. Unfortunately, you live out of town. According to a recent AARP article titled “Long-Distance Caregiving: 5 Key Steps to Providing Care From Afar,” caregiving brings with it several challenges. These […]
Early IRA contributions can benefit your financial situation. We are solidly into the year 2020. Time is a fast flowing river. In fact, we are fewer than two months away from the tax filing deadline. You are looking at your finances and realize you can still contribute to your IRA for 2020. You have always […]
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 […]
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.
