Kansas and Missouri Estate Planning Blog

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Inheritances

Can Inheritances Be Protected from Squandering of Young Heirs?

POSTED ON: March 28, 2024 BY: Kyle Krull
With proper estate planning, it is possible to protect heirs from squandering large inheritances.
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Co-owning a vacation home

What are Possible Pitfalls of Co-Owning a Vacation Home?

POSTED ON: March 26, 2024 BY: Kyle Krull
Estate planning can help mitigate some risks and pitfalls associated with co-owning a vacation home.
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Legacy planning

What Legacy Planning Steps Should I Take in 2024?

POSTED ON: March 21, 2024 BY: Kyle Krull
Take action early in 2024 to maximize opportunities for reaching financial and legacy planning goals.
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Advance directives

How Do Advance Directives Preserve Autonomy?

POSTED ON: March 19, 2024 BY: Kyle Krull
Advance directives enable you to legally document healthcare and end-of-life preferences to preserve your values and autonomy should you become incapacitated.
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Estate Plan

Why Does the Average American Need an Estate Plan?

POSTED ON: March 14, 2024 BY: Kyle Krull
Creating an estate plan is valuable for the average American not just the super wealthy.
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Young adults

Can Estate Planning Help Young Adults Navigate Their Futures?

POSTED ON: March 12, 2024 BY: Kyle Krull
Estate planning extends beyond the elderly or the wealthy. Young adults should not wait to start their estate planning.
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Tax exclusions

What Should I Know about Gift Tax Exclusions in 2024?

POSTED ON: March 7, 2024 BY: Kyle Krull
Estate planning and tax planning actions should be taken now to maximize tax benefits of wealth transfer.
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QTIP Trust

What Role Does a QTIP Trust Play in Estate Planning?

POSTED ON: March 6, 2024 BY: Kyle Krull
Although QTIP trusts provide both asset preservation and estate tax benefits, working with an experienced estate planning attorney is essential for ensuring this estate planning tool functions properly. 
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Executor

What are the Duties of an Executor?

POSTED ON: February 29, 2024 BY: Kyle Krull
An executor manages the estate administration after a person dies. Some people enjoy delegating, and others not so much. Even if uncomfortable, it is often necessary. Parents delegate responsibility to babysitters so they can attend work or social events. Managers assign tasks to employees to accomplish as part of their work for the business. For […]
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Family trust

Why Would Someone Use a Family Trust in Estate Planning?

POSTED ON: February 27, 2024 BY: Kyle Krull
A family trust is used to support multiple family members. Not all families are the same. I have seen more than 3,000 enter my office over the last 30 years. Some have close relational bonds. Others are affected by trauma, addiction, and broken relationships. Whatever the story, I see how my clients want to protect […]
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