Prince Philip left a fortune when he died. April 9 was especially challenging for the House of Windsor with the death of Prince Philip Duke of Edinburgh. This spring, Prince William and Prince Harry lost their grandfather. Princess Anne and Princes Charles, Andrew, and Edward lost their father. Queen Elizabeth lost her husband and best […]
People should prioritize getting their affairs in order through estate planning. Many things and people demand your time and attention. Perhaps you have a complex project at work you need to complete. Maybe your children need a ride to baseball practice. Perhaps the dishes from two nights ago need to be washed. Although important, these […]
Using a transfer on death deed is one tool for distributing property. Estate planning is multifaceted. It involves considering taxes, health care, finances, property, and business interests. The methods used in estate planning can either align with or interfere with your goals. According to a recent The Williamson Daily News article titled “Estate planning ensures […]
Wealth is not a prerequisite for estate planning. Newspaper headlines remind us the rich and famous need estate planning. After all, prince or pauper, no one gets out of this life alive. In fact, Prince is one example of this fact. Although he was a successful musician and his image was important to him, Prince did […]
It is possible to avoid probate with estate planning. For many, probate sounds like a scary word. Although probate is essentially the process for settling an estate in the local court, it can produce anxiety. Probate is often associated with lengthy proceedings and greater tax consequences. These negative aspects of probate are heightened when a […]
Creating a trust can provide estate planning protections for your children. Your children are adults in the eyes of the world. Even so, your adult children will always be your babies. As such, you still want to protect them. Some children grow up and other children just keep having more birthdays. According to a recent […]
The amount of times a person sleeps may be a risk factor for dementia. Sleep is important. For anyone who has stayed up later than expected or had to wake up earlier than desired, this seems like common sense. A lack of sleep can make us irritable and sluggish. According to a recent The New […]
Gifting is a popular estate planning and wealth transfer tool. You are considering giving money to charities or family members as part of your estate planning strategy. Perhaps you are what is now considered "wealthy" and desire to use the gift tax exemption to decrease your taxable estate. Maybe you may simply enjoy supporting a […]
Poor gum health and dementia may be related. As people age, certain illnesses become more common. One such illness is dementia. Although many seniors have dementia, not all elderly develop this problem with their cognitive functioning. Nevertheless, it is important to know if there are any habits or personal practices we can curb, begin, or […]
Inherited IRAs are subject to comprehensive federal rules. An important part of retirement planning is saving money in a traditional IRA or 401(k). These tools provide an opportunity to save for retirement while deferring taxes on the contributions. Through investment, these accounts can grow to provide a sizable income for you in retirement. According 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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