Placing larger assets in a revocable living trust could simplify distribution. Many people want to simplify their estate planning. Their definition of a simple estate plan will guide what documents are included. If simple means a basic estate plan, the individuals will likely opt for a last will and testament over a trust. If they […]
Dementia is a common ailment in seniors. When people develop dementia, it impacts all areas of their lives. Forgetfulness can quickly threaten finances and physical health as bills are left unpaid or medications are left untaken. Additionally, relationships can suffer due to losing memories of important people. According to a recent Money Talks News article […]
Having no estate plan is risky for anyone. Stated goals do not always align with what people actually choose to do. Many people make resolutions to improve their health, but fail to follow through on an exercise plan or eating healthy. Health clubs full in January resemble a ghost town by March. Students often want […]
Prescriptions drugs and supplements do not always play nice together. Certain things like peanut butter and jelly or steak and potatoes pair well together. Others do not. A common and relatively harmless example is oil and water. According to a recent AARP article titled “6 Supplements That Don’t Always Mix With Prescription Drugs,” other seemingly harmless […]
Having better vision can lead to a lower risk of dementia. A lot of research on disease focuses on identifying potential risk factors. By studying correlations between ailments and specific variables, researchers hope to help people prevent the development of certain diseases. One popular disease to study is dementia. In case you have noticed, I […]
The fate of the Michael Nesmith estate is uncertain at this time. It is an all-to-common story. A celebrity dies and leaves behind either no estate plan or an inadequate estate plan. This results in confusion surrounding the fate of the estate. According to a recent Monterey County Weekly article titled “Michael Nesmith's four children […]
Non-probate assets are commonly overlooked in estate planning. Estate planning involves a lot of unique words like last will and testament, probate, and assets. While these words are uncommon in the daily vocabulary of most individuals, they are important words to understand. A last will is a formal legal document used to guide a probate […]
A revocable inheritance trust is useful in the event of divorce. Although people do not enter marriage hoping for or expecting a divorce, separations and divorces are nevertheless fairly common. Going through a divorce takes emotional, physical, and mental energy. <Understatement?> It also can be quite expensive in terms of legal fees and divorce agreements. […]
Certain items may be appreciated more by others than your heirs. You likely have heard the phrase “one person’s trash is another’s treasure.” This statement is certainly proven true at garage sales and online marketplaces. The alternative is also true. What some people treasure, others finds worthless. According to a recent Next Avenue article titled […]
Farmers should utilize portability in their estate planning. Farming is not an easy profession. Those who care for their land and animals know the will and ability to do this work is in their blood. Many have inherited the drive, perseverance, and diligence from their ancestors. While the character of a farmer may be instilled […]
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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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