Elder financial abuse is a growing problem in the midst of the current pandemic. When you think of the impact COVID-19 has had on seniors, you likely think of healthcare vulnerabilities. Although the elderly are certainly in a high risk category for the negative affects of the virus itself, the pandemic has left them vulnerable […]
Funeral arrangements can come with a high price tag. Death comes to us all eventually. It is not a question of “if” but “when.” It is impossible to predict the time of your passing. According to a recent Rate.com article titled “Plan Your Own Funeral, Cheaply, and Leave Behind a Happier Family,” you should take time […]
Trust beneficiaries may need to pay taxes on distributions. A trust is a useful estate planning tool. It holds assets and distributes them to the trust beneficiaries according instructions provided in the trust itself. It also provides greater control and protection of assets in estate planning. A common question with estate planning involves whether beneficiaries […]
Take the time to add beneficiaries to your investment accounts. You have several investment accounts. Some of these accounts may be earmarked for retirement. Others may be used to reach financial goals like purchasing a home or car. When you die, money may remain in these accounts. According to a recent The Street article titled […]
Some states are lowering taxes to appeal to retirees. You have begun planning for retirement. Money and climate are two common considerations. You will review cost of living and taxes. According to a recent Kiplinger article titled “States Lower Taxes to Court Retirees,” some states are more financially appealing than others. Other states are taking […]
Some people require Medigap policies to supplement their Medicare coverage. Medicare provides medical coverage for senior Americans. About 62.3 million individuals are enrolled in Medicare. Many people require more coverage than what they receive through Medicare. According to a recent CNBC article titled “A ‘Medigap’ policy picks up some costs that Medicare won’t. Here are […]
You should plan for your pets during the current pandemic. Your pets are part for your family. They are with you in the best of times. They also support you in challenging times like the current pandemic. Perhaps you have welcomed a new pet during your time in quarantine. According to a recent The Harvard […]
I wish you and yours a safe and blessed day as we celebrate our "Declaration of Independence" back on July 4, 1776. May we be found worthy of the sacrifices of those who have gone before us in this great, yet imperfect, country.
There are several solid reasons to prioritize estate planning. A shocking number of Americans do not have an estate plan. Period. Because estate planning encompasses incapacity and end-of-life issues, those without a plan place their loved ones in a tough situation. According to a recent c|net article titled “Estate planning 101: Your guide to wills, […]
You must be extra attentive when disinheriting a family member. You know how you want your estate distributed when you die. You also have chosen to "disinherit" certain family members. Your decision will make some people angry. According to a recent Times Herald-Record article titled “Dealing with disinheritance, spouses,” estate planning can feel especially complicated […]
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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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