The probate process requires the executor (also known as the "personal representative") to take specific steps. The loss of a loved one is difficult. In the midst of grieving, families must also settle the estate of the deceased. This process is simpler if there is a last will and testament in place. Whether there was […]
Tenancy by the Entirety is one option for owning real estate. You are and your spouse are buying a home. This is an exciting time. It also means you need to make some decisions on ownership. How a real estate is titled is important. According to a recent Motley Fool article titled “What is Tenancy […]
Uneven distribution of assets is common in estate planning. Choosing how to distribute assets to heirs can cause anxiety. Parents often struggle with the difference between an "equal" and a "fair" inheritance. Should everyone receive the same amount? According to a recent The News-Enterprise “Distribution of estate can become a tricky matter,” parents fear choosing […]
It is easy to make Social Security mistakes. Planning financially for retirement can feel overwhelming. You have been saving for years, but you know every little bit helps. Although Social Security will be insufficient to cover all of your expenses, it can supplement your savings. According to a recent Fox News article titled “These mistakes […]
Trustee fees are paid to the individual or company managing a trust. You have created a revocable living trust. Because of your goals, this is the best way to manage your assets should you become incapacitated and distribute them to your loved ones when you die. With any trust, a trustee is required. While you […]
A letter of instruction allows you to provide helpful information to those handling your estate. You have your estate plan in place. The documents created by your estate planning attorney provide the courts or trustees with the essential instructions for the administration and distribution of your assets. Even so, you have thought of additional information […]
Individuals with disabilities may be able to qualify for Medicaid and have their own savings. Do you (or a loved one) have a disability? If yes, then you understand the value of assistance from means-tested government programs. Qualifying for and remaining eligible for these programs can be tricky. This is especially true if you or […]
You could save money on your Medicare plan with appropriate planning. The start of autumn means Medicare open enrollment is drawing near. If you are currently enrolled in Medicare, you are likely aware of this fact. In fact, you have likely received an “annual notice of change” from your Medicare plan. According to a recent […]
Disclaiming assets will change how an inheritance is distributed. Let us imagine a situation where a loved one recently died. This individual left an IRA or other asset to you as an inheritance. Due to personal or financial reasons, however, you choose to not accept part or all of this inheritance. According to a recent […]
Paying for nursing home care may consume all of your savings. There are many physical ailments associated with aging. As we get older, our bodies wear out. Although some individuals can live independently for a time or have family caretakers, many seniors will require some form of long-term care outside the home setting. 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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