Cryptocurrency should be included in the estate plans of those who hold these assets. The world has grown increasingly digital. Pictures and movies no longer need to be taken on film. Music can be streamed rather than played from records, tapes, or compact discs. Sidebar: I actually remember 8-track tapes and had quite a collection […]
The probate process does not have to be scary. Few Americans understand probate. In fact, some adults are not even aware of its existence. Perhaps this is because probate highlights an unpleasant reality. It reminds people of their own mortality. According to a recent WTOP article titled “Everything You Need to Know About Probate,” the probate […]
Giving bank account access should be carefully considered prior to taking action. As children become adults, they get to know their parents in new ways. Although parents will always be parents and children will always be children, the relationship begins to resemble more of a peer relationship at the functional level. Parental advice becomes less […]
Action can be taken to minimize the effects of the flu. Being sick is no fun as an adult. It involves sick days, getting behind on work, and often family chaos as children and spouse attempt to adjust to a temporarily out-of-commission family member. Even if the member is a child, plans are upended as […]
Some individuals could get away with having either a trust or a will. Estate planning involves making decisions. You will need to choose who makes decisions if you become incapacitated. It also will be important to select heirs and perhaps protect their inheritance "for" or "from" them as needed. According to a recent MSN recent […]
Conversations with aging parents about their finances can benefit their estate planning. Young children often know little about their parents. This is partly because children are interested in few things but themselves. It also can stem from a family rule about certain topics being off limits. Finances is often one such topic. According to a […]
Divorcing when in retirement can be quite messy. Divorce is complicated at any stage of life. Young families have to navigate co-parenting and support. Often for the sake of the children, people choose to divorce later in life. When people are divorcing in their 60s or 70s, this is often referred to as “gray” or […]
A conservatorship is not always controversial like with Britney Spears. Conservatorships have been in the news recently as celebrities like Britney Spears or Amanda Bynes battle their parents for control over their lives and finances. If people were to base their knowledge of conservatorships from only these articles, they would conclude that conservatorships serve no […]
Understanding the development of dementia and Alzheimer’s may help with treatment. Dementia and Alzheimer’s are not uncommon. Researchers have been working for years to better understand the origins and progression of these brain diseases. Studies have addressed the illnesses from a variety of lenses, including diet and exercise. According to a recent UC Davis Health […]
A dynasty trust allows for generational wealth transfer. There are a variety of ways one can pass assets to their heirs. These include last wills and testaments, beneficiary designations, and trusts. Within the trust category alone, there are several subtypes. According to a recent Kiplinger article titled “A Smart Option for Transferring Wealth Through Generations: […]
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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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