Estate planning can be a difficult subject to discuss with loved ones. You may be perfectly comfortable talking about death, incapacity, and estate planning. This does not mean your loved ones will feel the same way. Thinking about mortality can be uncomfortable for many. Taking stock of everything required when organizing an estate can feel […]
Fitness provides health benefits at any age. What do you envision when you hear the word “fitness”? Do you imagine elite athletes at the Olympics or professional level? Maybe you think of personal trainers at a local gym. You may even recall your own athletic competitions as a youth. According to a recent Money Talks […]
Many celebrities have failed at estate planning. It is common for Americans to be envious of celebrities. Their talents, money, and influence can be quite appealing. Although the life of a celebrity may appear glamorous, they too have their struggles. According to a recent Forbes article titled “Lessons to be Learned From Failed Celebrity Estates,” […]
A trust provides benefits beyond what beneficiary designations accomplish. When it comes to estate planning, every family and individual family member is different. Although people may have similar assets, they have unique goals and circumstances. All of these variables influence whether a trust should be including in an estate plan. According to a recent Nj.com […]
Most Americans do not understand probate. Isn't there anyone who knows what probate is all about?!! This question is reminiscent of Charlie Brown's desperate cry of frustration in "A Charlie Brown Christmas," albeit in a different context. I digress. You have likely heard of probate. Perhaps it has been in the context of a loved […]
Adding people to a bank account gives them access to the funds. There are times when someone may need to access your bank account to manage your finances. If you are incapacitated, you are unable to accomplish certain tasks on your own. It may be tempting to simply add someone as an owner of the […]
RMDs can be taken efficiently or inefficiently. Required minimum distributions (RMDs) are essential to traditional IRAs. Because contributions to these accounts are tax-deferred, the government will levy taxes when distributions are made. At these times, the withdrawals will be taxed as ordinary income. According to a recent Kiplinger article titled “2 Essential Strategies for Taking […]
Inherited IRAs are more complicated under the SECURE Act. When you started working, you opened an Individual Retirement Account (IRA). Over the years, you have placed money in this account, and it has grown in value through that miracle of deferred compound interest. What if there are funds in the account when you die? According […]
Health mistakes can lead to a greater risk of illness. We all make mistakes. Some mistakes are small and have little lasting impact. Other mistakes are significant and can affect ourselves and others for many years. According to a recent Money Talks News article titled “7 Deadly Health Mistakes People Make After Age 50,” recognizing […]
An estate plan review ensures your plan will work when needed. Most things in life require maintenance. If you do not invest in your marriage, you will likely grow apart from your partner. Failing to change the oil in your car will kill your engine. According to a recent Forbes article titled “5 Reasons 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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