Probate can be more expensive than making an estate plan. People elect to avoid creating an estate plan for a variety of reasons. Some believe it is not important for them to take the time to do it. Others see the cost and consider it to be too expensive. According to a recent Nasdaq.com article […]
Portability can be helpful for large estate. Most people would rank taxes as one of their least favorite things. Be honest now. That includes you, too. Exceptions include the IRS, state and federal governments, and many tax accountants. The government levees a variety of taxes including income taxes, property taxes, capital gains taxes, and death […]
Reviewing an estate plan should be done periodically. Few things in life are truly “fix it and forget it.” Cars and homes require maintenance. Gardens require weeding and watering. Lawns require mowing and fertilizing. Neglecting these ongoing tasks leads to problems. According to a recent Kiplinger article titled “Need an Estate Planning Checkup? Now is […]
Lifestyle plays a role in memory decline. There has long been a debate between nature and nurture. Some believe genetics govern the health and wellness of a person. Others see choices and environment a being most important. Science tends to indicate a “middle ground” between these two extremes. Even so, environment and choices are far […]
Comprehensive estate planning has several key components. People have long valued knowledge. It is natural to want to understand. In fact, I feel most vulnerable when I do not even know what I do not even know. And that encompasses too many areas to list! How about you? From the time children learn to speak, […]
Digital assets can be just as important as tangible assets. For most of human history, people valued what was tangible. Wealth and value was determined by things like the number cattle or the acres of land owned. Only recently have digital assets even existed. According to a recent yahoo! article titled “How to Start Digital […]
Many people believe common myths about estate planning. All cultures around the world have myths. Some of these involve stories of heroes, villains, and supernatural creatures. Others involve pithy phrases or offer solutions to common ailments. Although some of these myths are fairly harmless, others can have dire consequences. According to a recent The Street […]
Dementia often leads to mental incapacity. Some cognitive decline is to be expected in aging. For some, the progression is relatively mild. For others, the decline is more severe and involves dementia or Alzheimer’s. According to a recent Health News article titled “Can Someone With Dementia Sign Legal Documents,” the progression of these diseases can […]
Creditors may be able to make claims on revocable trusts. Many people believe trusts are a magical solution to their estate planning and financial fears. Trusts are certainly valuable tools when created properly, but not all trusts are equal. Some trusts are best for maintaining control of assets and simplifying asset distribution. Others provide greater […]
Lisa Marie Presley may have triggered legal disagreements with her estate plan. The life of Lisa Marie Presley was filled with quite a bit of drama through divorces and deaths. Despite this, it was originally believed Lisa Marie would have a fairly simple estate distribution. It was expected to simply include her children as heirs […]
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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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