Estate planning mistakes are not uncommon. Last year was not what you expected it to be. <Understatement?> Although you likely hoped for a different start to 2021, you have found it to seem equally out-of-control. You are reminded how you cannot predict the future. After all, "It's tough to make predictions, especially about the future." […]
A life settlement can provide additional funds to use in retirement. If you are in retirement, you are living on a fixed income. What you saved in your nest egg needs to last for the rest of your life and the life of your spouse. Although Social Security can also provide a monthly stipend, it […]
Blended families with multiple children can make trust planning essential. You and your spouse met. You fell in love. You got married. You also brought your own respective children to the new relationship. Together, you navigated the joining of two families. According to a recent The Daily Sentinel article titled “Estate Planning: A Trust Can […]
You can learn a lot from the estate plans of celebrities. Many Americans are enthralled with celebrities. These could be athletes, actors, musicians, politicians, or even social media “influencers.” People love to see others succeed. Some people also enjoy watching them fail. As an estate planning attorney, I take no pleasure in the consequences of […]
There are several retirement myths circulating about from well-meaning people. You are planning for retirement. You started by researching information online. Although the internet certainly has helpful information, it is not always accurate. According to a recent Auburn.pub article titled “Let’s Leave These 3 Retirement Myths in 2020’s Dust,” you should be wary of retirement […]
Knowing how much to share about estate planning can be challenging. Your estate plan is complete. The i’s are dotted. The t’s are crossed. All your documents are signed. Reviewing your plan with your executor would be wise. Should you talk to your adult children as well? According to a recent CNBC article titled “What to […]
Including troubled children in your estate plan is not impossible. There is no such thing as a "perfect" family. In fact, going way way back to the very first family, the older brother killed his younger brother. Not a good start. Fratricide aside, not all family flaws will have no impact on your estate plan. […]
Some COVID-19 symptoms are unique to older patients. Most symptoms of COVID-19 are fairly common. These include tiredness, ache joints, shortness of breath, and loss of smell. Some people display a handful of symptoms or none at all. Other people have unusual symptoms. According to a recent Money Talks News article titled “Seniors With COVID-19 May […]
Trusts can solve a number of estate planning problems. Many people think of the ultra wealthy when they envision the use of trusts in estate planning. They imagine “trust fund babies” driving foreign cars, having parties on yachts, and never working a day in their lives. According to a recent Market Watch article titled “3 […]
Joint accounts and beneficiary designations can be useful in estate planning. When you think of estate planning what comes to mind? You likely think of how it is portrayed in books or films. A character receives news of the death of a relative and how this character was named in the last will and testament […]
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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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