Inflation can threaten retirement if no action is taken. The health of the economy impacts people all across the United States. It influences job security, standard of living, and retirement planning. In the past year, the consumer price index rose by 5.4 percent. According to a recent Kiplinger article titled “How Big of a Threat […]
Certain documents are ineffective if they are not notarized. Many people do not know what a notary is until they require one. Getting a signature and stamp on a piece of paper may seem unimportant. It may be tempting to ignore this step for legal documentation. According to a recent WTOP article entitled “What Is a Notarized […]
Members of Gen Z will likely be responsible for paying estate taxes after the death of their parents. Gen Z is considered by many to be a savvy generation, with an entrepreneurial bent and a focus on the future. While future planning involves saving for retirement, it also involves preparing for the eventual death of […]
A comprehensive estate plan does not simply appear out of thin air. Young people often do not consider their own mortality. It is common to believe the next day will be much like the one before it. Since early 2020, the uncertainty of life has become more pronounced for many Americans. As a result, the […]
A family meeting can be beneficial to estate planning and execution. What comes to mind when you think of having a family meeting? Perhaps you envision the time where your parents told you and your siblings of an upcoming move. Maybe you remember your parents announcing their divorce. Family meetings can trigger feelings of intense […]
A safe deposit box is not the best solution for all your valuables. Security and access are often at odds. Consider your electronic devices or accounts. If there were no passwords or security codes, you could more easily login from any device. While it would be convenient, it would also leave these accounts vulnerable. According […]
A do-not-resuscitate order, or DNR, can have unintended consequences. Imagine this horrifying scene. You are suffering the effects of an accident, illness, or complications of a routine medical procedure. The only way to give you a chance at recovery is to perform CPR. According to a recent The Petoskey News-Review article titled “Do-not-resuscitate orders apply […]
Britney Spears may benefit from a prenuptial agreement. Britney Spears started working at a young age. As a pop icon and former Mouseketeer, Britney has amassed quite a fortune. Since the establishment of a conservatorship in 2008, Spears has not had personal control over these funds. According to a recent Yahoo Entertainment article titled “Britney […]
Certain events should trigger an estate plan checkup. Nothing in your life happens in a vacuum. Your personal and work decisions impact each other. The decisions of others also can affect you and your loved ones. According to a recent Kiplinger article titled “2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?,” what […]
An inherited IRA is more complicated for heirs who are not a surviving spouse. An IRA is an important source of income in retirement. For this reason, they are often significant assets in estate planning. With the recent passage of the SECURE Act, how IRAs are passed to heirs has become more complicated. No surprise […]
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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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