Including a living trust in your estate plan has its benefits. It is important to create an estate plan. When done right, it protects everyone you love and everything you have. DIY estate planning can have unintended, negative consequences. This is especially true if your goals and needs would benefit from a trust. According to […]
The federal estate tax is likely to affect more people under the President Biden administration. The estate tax threshold has been farm, ranch, small business, and entrepreneur friendly in recent years under President Donald J. Trump. The current threshold sits at $11.7 million for an individual and $23.4 million for a couple filing jointly. Any […]
A trust can serve several purposes in estate planning. When it comes to estate planning, trusts are versatile tools. Although many people consider trusts to be of value only to millionaires and billionaires, this is not accurate. Rather, the average American may find that a trust would best meet their estate planning goals for their […]
Family businesses require comprehensive estate planning. They provide quality products and services to communities as well as income and skills to future generations. Starting a family business takes perseverance and passion. Running it takes daily attention to detail. According to a recent The Times Reporter article titled “Succession planning for family businesses,” all your work […]
Tax mistakes in retirement can threaten financial security. Saving for retirement is important. We have all heard this, yes? You need money to pay for bills, mortgages, food, and vacations. Once you enter retirement comfortably, you may be less than careful with your finances. According to a recent Money Talks News article titled “5 Tax […]
Dementia increases COVID-19 risks. Certain conditions are often connected having greater risk factors when it comes to specific infections or viruses. This is no different with COVID-19. A previous blog post outlined connections between obesity and COVID-19 complications. According to recent ABC News 2 article titled “Ohio university study shows people with dementia are more […]
Certain collections could be worth a fortune. Nostalgia is a significant market. Movies, clothing, and toys from the past often trigger fond childhood memories. People find both monetary and sentimental value in the items they collect. According to a recent The Wealth Advisor article titled “Estate Planning for Your Collections May Be a Smart Decision […]
Supplements may not dramatically reduce the severity of COVID-19 symptoms. The COVID-19 virus has been present in the United States for more than a year. In fact, this time last year the Kansas City area was under stay-at-home orders. Remember that? Much information and misinformation has circulated in 2020 and 2021 regarding the virus. Understatement. […]
The estate of Aretha Franklin may owe money to the government. Aretha Franklin certainly had a beautiful voice. Unfortunately, her estate was left in an mess. This left a mess for her family. According to a recent Detroit Free Press article titled “Aretha Franklin estate reaches deal with IRS to pay off claimed $7.8 million […]
Telehealth appointments rose in popularity and accessibility in 2020. COVID-19 ushered in many changes. Many businesses and restaurants increased their online presence. Similarly, some healthcare professionals added telehealth appointments to their offerings. According to an August Caring Bridge article titled “5 Tips to Prepare for a Telehealth Appointment,” how you prepare for your virtual appointment […]
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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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