Funeral planning requires attention to detail. The loss of a loved one is not easy. It changes so many things. An important person is no longer part of your daily life. According to a recent Kiplinger article titled “Funeral Planning Can Prevent Further Grief,” the emotional toll is high after the death of a loved one. […]
Lisa Marie Presley made some estate planning mistakes. Estate planning should be undertaken with the help of professionals. This is especially true for more complex estates or family dynamics. Attempting to create or update an estate plan on your own can lead to issues with estate administration. According to a recent Insurance NewsNet article titled “Presley […]
Making IRA mistakes can be costly. Saving for retirement seems as if it should be pretty straightforward. Many people believe the only thing they need to do is set aside part of their paycheck every month into an IRA. Although you cannot save for retirement without setting aside money, this is only part of successful […]
Trustees hold significant responsibility. Although their title is technically derived from the entities they help manage, trustees must also be trustworthy. That is the foundational requirement. Those who include a trust in their estate planning have done so to fulfill specific goals. Examples include simplifying asset distribution, protecting assets from poor decisions by heirs, or […]
Remarriage for seniors is not uncommon. Although many people envision young couples when they think of weddings, people get married and remarried at any age. For some, divorce or death leads to being single again. For others, they have simply waited longer to find the love of their life. According to a recent MSN article […]
Dementia signs can be helpful to recognize early. The mind is truly incredible. It processes body sensations, regulates body systems, encodes memory, and allows for communication and language. When the brain is injured or diseased, it can subsequently have a significant negative impact on a person. According to a recent Money Talks News article titled “3 […]
Guidelines for RMDs look a little different in 2023. People save for retirement so they will have money to pay for things from bills to entertainment when they no longer work. Saving through a Roth IRA means the account is funded through after-tax dollars. With traditional IRAs and 401(k)s, pre-taxed money is added and grows […]
Grief is intense after the loss of a loved one. Emotions are relatively challenging for many people. The complexity of grief can be particularly chaotic. Not only is a loved one no longer present, but the decedent is often someone who would have helped provide comfort and shoulder postmortem responsibilities. According to a recent Scubby […]
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 […]
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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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