For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
One treatment for dementia may include a skin patch. What do you envision when you think of skin patches for health purposes? Perhaps you think primarily of nicotine patches used to encourage the cessation of smoking. Although this may be the most commonly known function, transdermal patches are used for a variety of ailments to […]
Certain wealth transfer could require the filing of a gift tax return. Some people really like giving gifts and do so any chance they get. That is their love language. Others struggle to give presents for one reason or another, even on special occasions like birthdays and holidays. Wherever you naturally fall when it comes […]
Estate plan updates are vital to protecting loved ones and your assets. What comes to mind when you consider risky behavior? Tom Cruise in "Risky Business"? I digress. Perhaps you think of climbing a mountain without ropes. Maybe you envision people parachuting out of perfectly good airplanes. You likely believe few people choose high stakes […]
Long-term care insurance is better to purchase before you need it. Once again, I have mastered the obvious. As people age, financial priorities shift. Sometimes, this is a result of changes in circumstances. Other times, it stems from gained wisdom and experience. When it comes to preparing for retirement and health care needs, all of […]
Reproductive factors may make some women more prone to developing dementia than others. Spoiler alert. Men and women are biologically different. The risks for certain illnesses are higher or lower depending on sex. Symptoms may even present themselves differently. Prevention and development may also have distinct considerations. According to a recent The Daily Mail article […]
Family caregivers for seniors are often rearing their own children simultaneously. It is hard for many people to imagine their parents aging. Parents are the ones who reared them and took care of them physically and emotionally as children. These same loved ones who provided so much care and support will eventually require assistance. That […]
Singles benefit from estate planning. There has been a trend for several years to delay marriage. This means many people are often single throughout their twenties and into their early thirties. It may be tempting for these individuals to forgo estate planning because they have no obvious heirs. According to a recent Hood County News […]
The finances and health of "elder orphans" are in greater danger than for those who have family. Orphans are a vulnerable population. They have lost both parents and are at risk of being abused, neglected, or exploited. Elderly individuals can also become vulnerable when they have no living spouse or family. One term for these […]
Home modifications can help seniors maintain independence longer. Dorothy Gale was right. There is really no place like home. It is comforting knowing each room, drawer, and cabinet intimately through years of use. There is also something special about sleeping on your own bed and being able to host family anytime you want. And home […]
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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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