You are newly widowed and are concerned about your rights to your deceased husband's Social Security benefits. And rightfully so. It is easy to make mistakes when it comes to Social Security. When to take Social Security benefits is a major decision that has major consequences for not only the worker but his spouse. According […]
Surgery is no fun at any age, but with each passing birthday the potential for risky senior surgeries increases. In my preparation for this blog about risky senior surgeries I discovered that a team of researchers recently compiled a list of 277 risky procedures for older adults age 65 and older. The researchers wanted to […]
Mistakes are part of life, but estate planning mistakes can hurt those you love unnecessarily. Especially given the heightened concerns surrounding the "pandemic," many people are seriously considering their estate planning (or lack thereof). Before you take up your own estate planning, it may be prudent to pause and consider best practices and even learn […]
If you are a "retired" veteran, then you likely know that Tricare changes are coming. Right? After all, change is the only constant. Besides, that is just the nature of government benefits. Depending on your circumstances, if you were to take action now to set up your payment process prior to November 20, you can […]
What is "pandemic estate planning"? It is our phone ringing and online requests for consultations about creating or updating estate plans or just clients want to engage in pandemic estate planning generally. The current pandemic has led many of us focus on weighty existential matters of life, disability, and death. Indeed, after reviewing our assets […]
As Benjamin Franklin famously quipped, the only two certainties in life are death and taxes. In recent years, the federal estate tax exemption has been adjusted annually for inflation. It was not always so. According to a recents Yahoo Sports article titled “Estate Tax Exemption Amount Goes Up for 2021,” when you die your estate […]
Gifting can get you in trouble without proper planning. The week of Thanksgiving marked the start of the holiday season. Advent services began yesterday (Sunday) at my church. Although Christmas traditions will look different, gifting will likely remain. According to a recent Kiplinger article titled “Gifting sounds pretty simple, but there are many ways to […]
Joint accounts can prove helpful or problematic. Estate planning can feel daunting. If you are a private person, the public nature of probate may be particularly unappealing. Even if you have a last will and testament, not all assets should necessarily pass through your last will and testament. Some assets will be distributed to heirs […]
Stretching an IRA is challenging but not impossible. Not too long ago, your estate plan likely included a Stretch IRA. This allowed your retirement funds to last for the lifetime of your non-spousal heirs (typically your children). With the SECURE Act, this option is no longer on the table for wealth transfer. According to a […]
A trust does little good without trust funding. You secured the services of an experienced estate planning attorney to create a trust. Perhaps you wanted a trust for privacy purposes. Maybe you needed to protect an inheritance for or from your heirs (or perhaps both!). Perhaps avoiding probate was a priority. According to a recent […]
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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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