Making mistakes in a last will and testament is costly. Everyone makes mistakes. It is part of being human. Learning lessons from experience allows people to avoid repeating these actions. Sometimes there is not an opportunity for a second chance. In these instances, it is wise to consider the experiences of others. According to a […]
Identifying elder financial abuse early can minimize the damage. The majority of people do not want to see any harm come to their loved ones. This is why parents monitor the phones and computers of their children and take them to the doctor when they show signs of illness. As parents age, the adult children […]
A discretionary trust can protect against mismanagement of trust funds. Those who desire to avoid probate often utilize trusts in their estate plans. This is accomplished through retitling assets to the trust. Because the assets are not under your name, they are not included in your personal probate estate. According to a recent The Facts […]
Getting married again means more than planning another wedding. Remarriages are fairly common in the United States. Whether the result of death or divorce, they often involve more considerations than a first marriage. Couples must consider a number of factors as they blend families. According to a recent CNBC article titled “Remarrying? Here are financial […]
Social Security rules can seem confusing. For many, Social Security is an important aspect of retirement income. Because it is insufficient to cover all expenses in retirement, people should also utilize retirement savings accounts. Although people will require more funds than those available through Social Security, the choices one makes regarding this benefit can impact […]
Parents and adult children should have estate planning conversations. Communication is important in all areas of life. Both work and relationships suffer from a lack of good communication. Some dialogues are relatively simple to approach while others can trigger tension and anxiety. When the latter is true, people tend to avoid conversations. According to a […]
Investing in cryptocurrency can have financial and estate planning impacts. Making investments is a risky business by definition. Even so, stocks and bonds and other investments are a common and necessary practice for outpacing inflation and for preparing for retirement. With the introduction of cryptocurrency, the landscape of investing looks a little different now. According […]
Physicians should have estate plans. Doctors undergo long years of schooling and residency to practice medicine. This requires incredible focus and dedication. As they begin their practices, these physicians shift this attention to building and maintaining their practices. According to a recent Medical Economics article titled “Physicians, get your estate in order or the court […]
Certain risk factors have a high correlation to the development of dementia. Nobody wants to “lose their mind”. Dementia and Alzheimer’s can range in severity to mild confusion to forgetting loved ones and losing functioning. These diseases of the brain can also lead to distinct shifts in personality According to a recent Medical Express article […]
An inherited IRA can carry significant taxes and fees. Gone are the days of the stretch IRA. The ability of families to pass their retirement accounts through generations was a beneficial tool for many. With the passing of the SECURE Act, an inherited IRA has a limited shelf life. According to a recent Aol.com article […]
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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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