An estate plan discussion can preserve family relationships. Death is an unpleasant topic. I get that. As Woody Allen famously quipped: "I'm not afraid of death; I just don't want to be there when it happens." Few people want to think about their loved ones being gone. The harsh reality is everyone dies. According to a recent U.S. News […]
Selecting a funeral plan in advance can save money. Dying is not cheap. Unfortunately, many people do not consider the costs associated with burying a body. This means their loved ones are left to make these decisions after they are gone. These arrangements must then be made in a short period of time. According to […]
A SLAT can help with your estate tax liability and much more. People have different tax liabilities, especially when it comes to estate taxes. For those with high tax exposures, how assets are transferred is of particular importance. Leaving assets outright through traditional estate planning tools, like a last will or a revocable living trust, […]
Your estate planning decisions have tax implications. When you think of estate planning, you probably think of who you want to inherit your assets. Perhaps you also consider who would rear your minor children if they were orphaned. What many people do not consider are the tax implications of their planning decisions. According to a […]
Making a trust an IRA beneficiary can be complicated. You have a traditional IRA as part of your retirement planning. This tool serves you well and is straightforward in providing retirement income. Even so, an IRA can complicate matters in estate planning. According to a recent Wealth Advisor article titled “Should A Living Trust Be […]
Benjamin de Rothschild left a sizable estate. Certain names are associated with wealth and power. In America, these names include the Vanderbilts and the Rockefellers. Often these families are referred to as having “old money.” Europe also has its families with generational wealth. According to a recent Wealth Advisor article titled “Billionaire Benjamin De Rothschild, Heir […]
You cannot afford to be passive when your spouse has a terminal illness. The news was not what you wanted. You had hoped for recovery and for a definitive treatment plan. Instead, the prognosis is poor. Your spouse is dying of a terminal illness. According to a recent Wealth Advisor article titled “Your Spouse Is […]
Financial planning will change after the death of a spouse. Your spouse has recently passed away. You are not sure how you made it through the funeral arrangements and the estate settlement. Somehow you did. Your heart is shattered, and you feel lost You know you need to take care of yourself, but you are […]
A Charitable Remainder Trust can be a tax-efficient means of passing on your IRA when you die. You have been saving for retirement for most, if not all, of your working years. Each year you have set aside a portion of your paycheck into a company-sponsored retirement plan or a traditional Individual Retirement Account (IRA). […]
Creating a living trust can expedite the settlement of your estate. Some people have few concerns when it comes to settling their estates in probate. Perhaps they have minimal assets, uncomplicated family dynamics, and need the probate judge to approve their choice of guardians for orphaned minor children anyway. These individuals may be perfectly happy […]
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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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