Placing a home in a trust can be helpful or harmful. Protecting wealth and distributing assets can feel overwhelming. People worry about protecting their assets from bad life choices made by their heirs. They also worry about tax implications and whether their heirs will be able to pay these after they have died. According to […]
Retitling a house deed can lead to unfortunate unintended consequences. You own a home. If you are like many people, this is likely your most significant asset. As such, it should be an priority to consider in your estate planning. According to a recent St George News article titled “Naming a child on your deed […]
Splitting an inheritance with a sibling after the death of a loved one can be complicated. Your family is close. All siblings are equally responsible and none has any marital strife (of which you are aware). In short, your family has few liabilities but has ample love and respect for each other. Your parents explained […]
Financial affairs are often ignored as loved ones are dying. When loved ones are ill or dying, there already are many emotional and physical demands on the family. Family members are responsible for overseeing care. Sometimes this involves personally taking the loved one to appointments, preparing meals, or helping with bathing and dressing. Other times, […]
Those with presbyopia may experience relief with a new drug. Eyesight tends to decline with age. I know. I have "cheaters" in nearly every room of our home. The symptoms and severity are not the same for every person. Some simply have trouble seeing in the dark. Others may find cataracts developing in their eyes […]
Life insurance provides protection for families with young children. Life insurance is not always necessary. If you are single and have enough saved to bury you when you die and pay any additional expenses or debts, you likely could bypass a policy. But what if you later marry, have children, and become "uninsurable" for some […]
Hearing aids can be incredibly expensive. People often take their ability to hear for granted. You can drive anywhere and find people blasting the music in their cars. They seem to be oblivious to how this habit impacts their delicate inner ears. Ah, youth. Although some people lose their hearing from poor choices; others experience […]
Cryptocurrency can be easily misplaced after the owner has died. Non-digital and traditional assets are less likely to be lost or misplaced. Your children can see your home. They have probably admired your jewelry, art, and collectibles over the years. Bank and investment statements allow them to see how much money you in them. According […]
Certain symptoms cannot be ignored and should involve a visit to the doctor. As people age, they get used to pain and discomfort. When it comes to physical ailments, they increasingly seem to be a part of everyday life to some degree. Although bodies are not at their peak condition during retirement years, not all […]
Heirs with special needs require special planning. You are preparing your estate plan. Your hope is that your estate will bless your heirs and their futures. However, what if you have a loved one with special needs? You should think twice before leaving an outright inheritance. According to a recent Kiplinger article titled “How 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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