Trusts do not nullify all taxes. Your parents or grandparents created a trust or trusts as part of their estate planning. Maybe they wanted greater control in asset distribution. Perhaps they simply desired to shield their wealth from estate taxes. Whatever the reason, as part of their planning they used trusts to provide the trust […]
This is one of my favorite holidays. We are heading to Berryton, Kansas, to enjoy our traditional feast with my folks, along with two out of our three adult daughters. We always have a wonderful time sharing old memories and making new ones. As every day, I am thankful on this "official" day of thanks […]
Life insurance can help provide future financial security after a divorce. You are divorced. Maybe this is a recent occurrence. Perhaps it has been a long-standing reality. Either way divorce requires strategic planning when it comes to finances. According to a recent Insurance News Net article titled “5 Ways Life Insurance Eases Post-Divorce Estate Planning,” […]
Stock market crashes can impact retirees. Depending on your age, you have likely lived through one or more of the big stock market crashes. Most people remember the 2008 crash. Although this was a significant blow to many, the 1987 crash was actually the worst one in America stock market history. According to a recent […]
Blended families require strategic estate planning. Blending two families is no small task. You have two households coming together rather than simply two people coming together. Whether your new family is formed after losing both of your former spouses to divorce, death, or a combination, things can get complicated fast. According to a recent The […]
Life insurance is not all the same. You have heard you need it, right? If you are single, it is helpful to acquire enough to bury you and pay off your debts. If you are married or have children, you will need more. Why? Your children and surviving spouse could lose not only a parent […]
Saving for retirement requires intentional planning. Different stages of life have different demands and concerns. Whether you are young or seasoned, retirement should be prioritized. With so many demands on finances, this is not always easy to do. According to a recent Skimm article titled “9 Retirement Questions from Skimm’rs, Answered,” the best planning starts […]
Caregiving is better shared. You have an aging loved one. Perhaps you have several aging loved ones. Getting older involves more health concerns. Should mental or physical capabilities diminish over time, then greater assistance will be required. Perhaps you have a family member with a disability or a chronic illness who is still fairly young. […]
Digital assets should be part of estate planning. "Digital assets," now that is a strange sounding concept, yes? It is also a relatively new phenomenon. With the rise of personal computers and the internet, people gained access to a digital world. Now with smartphones, this access is constantly at their fingertips. According to a recent […]
Social Security is helpful in retirement. You are nearing retirement. For this reason, you have now started thinking about Social Security disbursements. Although Social Security will be insufficient to meet all of your retirement expenses, it will certainly help. For this reason it is important to maximize those Social Security benefits, yes? According to a […]
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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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