“Upstream planning” is important with multi-generational wealth. Not all people have the same estate planning needs. Some people will use all of their retirement savings and have little to nothing to pass to their children. Others have significant wealth and would like these funds to pass from generation to generation. According to a recent Kiplinger […]
The estate and gift tax exemption is set to decrease in 2026. Estate taxes do not affect everyone. With a threshold of $12.06 million for individuals and $24.12 million for married couples, few American households need to plan for federal estate taxes at this time. But, whoa. This may be changing in the not-too-distant future. […]
Taking steps to create a successful estate plan will pay off. Many people enjoy knowing exactly what they need to do before taking the required steps to accomplish something. In many cases, it is comforting to know what is expected. Without clear directions, the fear of doing something wrong paralyzes them. I know I feel […]
Talking with aging parents about estate planning is uncomfortable but necessary. People often avoid unpleasant conversations about various "elephants" in the room. Although avoiding an "elephant" can make everyone in the room feel less anxious in the moment, the relief is temporary when the elephant begins to move about. Unfortunately, "elephant avoidance" among family members […]
Minor children are a vulnerable population. Children need trustworthy and caring adults in their lives. Even adolescents who just want to be independent rely on others for food, safety, shelter, love, and guidance. Often these "others" are the parents of the children, but not always. According to a recent The News-Enterprise article titled “Children need […]
Eye color can be an indicator for certain health issues. In addition to being the "windows to the soul," eyes are amazing organs. They allow you to see and can adjust to high and low levels of light. The colors of the iris also bring color and beauty to the face. According to a recent […]
College students should prioritize their estate planning. No, really. Attending university is often the first time young adults are away from their families for longer than a few weeks. They must learn to juggle all aspects of their lives like homework, laundry, and meal planning. As college students practice their independence, it is helpful to […]
It’s easy to overlook an important task after a spouse or other loved one passes away – like retitling assets. It’s a little thing with big ramifications. Follow this checklist to help make a challenging time less confusing.
Certain actions should be taken after the death of a loved one. Although death means the end of the life and responsibilities for the decedent, the responsibilities of others increase. Often those who must take action are those who are closest to the person who died. These duties can feel overwhelming in the midst of […]
Insomnia is not helpful for the brain. Quality and quantity of sleep are both considered health indicators. Although it is normal for people to occasionally have trouble falling asleep or staying asleep, a pattern of poor sleep can be a cause for concern. Insomnia can be a symptom of a number of issues. According to […]
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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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