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 […]
There may be several warning signs before a heart attack. Heart health is important to life. Literally. Because the heart pumps oxygen to and carbon dioxide from vital organs, the failure of this organ leads to death. Diet, lifestyle, and genetics influence cardiovascular health. Yes, truly it is hard to fool your own gene pool. […]
Digital assets should not be ignored in estate planning. The digital world has grown exponentially over the years. Gone are the days of dial-up and floppy disk storage. With smartphones, people carry a personal computer in their pockets everywhere they go. According to a recent Baltimore Business Journal article titled “Estate planning for your digital […]
A buy-sell agreement can protect a small business. Business owners have a lot to think about. Their daily concerns include customers, employees, and finances. In fact, they are the last one's to get paid each month (if then). With the constant demands on their attention, business owners can forget to consider what will happen when […]
There are key elements common to estate planning success. Preparing an estate plan is no small task. It requires action, knowledge, and attention to detail. When people underestimate the important of estate planning, they can cause problems for themselves and their loved ones. According to a recent Bankrate article titled “Estate planning checklist: 3 key […]
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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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