You should take action on your estate plan before the end of 2020. It is now November. No, really. We are fewer than two months away from the start of a new year. 2021. Yikes! This year has brought many challenges <understatement> and has underscored the importance of estate planning. Although we cannot predict what […]
Following these five tips could help you pass your assets to your family. You have worked hard your whole adult life. When it came to managing your finances, you saved for retirement, made wise investments, and did not spend beyond your means. You are now considering estate planning. You want to pass your assets to […]
Some individuals prioritize probate avoidance in their estate planning. Probate is a common estate planning term. Many people talk about probate as if it is something inherently evil. Perhaps this has been your experience. What you have heard may lead you to believe that probate avoidance is essential to estate planning. According to a recent […]
It may be challenging to provide care for a parent from a distance. Many families no longer live near each other. Jobs opportunities (or requirements) have taken adult children far from home. Perhaps you are one of these adult children. Now your parents are aging and need your help. You are not sure how to […]
Take steps to save on healthcare costs in retirement. You are entering retirement soon. Perhaps you have already retired. Either way, you know aging brings with it additional healthcare costs. According to a recent Motley Fool article titled “How to Save Money on Healthcare in Retirement,” these medical costs will likely be your largest expense […]
Do not neglect estate planning for your second marriage. Preparing for a wedding and a marriage can be stressful, especially if it is not your first trip down the aisle. With COVID-19, you may feel as if there is no end to challenges. As you and your future spouse plan for you big day, the […]
A GRAT can serve as helpful estate planning tool for some people. Federal estate taxes may be problematic for some because of the current low interest rates. As a result, many are looking for a way to reduce their tax liability. Finding the best means of doing so can be tricky. According to a recent […]
A power of attorney is key to protecting your financial interests. There are so many ways to lose money. You can physically use your wallet. You can be taken by a scam. You could become incapacitated today through illness or injury. According to a recent The Street article titled “Guide to Protect Your Assets as […]
Your digital property requires estate planning. We live in an increasingly digital world. I think we would all agree with that, yes? Smartphones are essentially mini computers with the ability to make phone calls. Owning a business requires having a website. Social media and apps have become interconnected with work, hobbies, and relationships. Even banking […]
You should conduct a regular estate plan audit. Estate planning is important for any adult. It allows you to pass your assets wherever you chose at death. I will be the first to admit that it is not a fun subject matter? Nevertheless, this topic must be tackled or you will leave only a big […]
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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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