Taxes should be considered when making wealth transfers. Nobody knows the number of their days. Although people can die at any time from illness, injury, or accident, older individuals are at greater risk as a result of declining health associated with aging. Seniors cannot afford to neglect incapacity and estate planning. According to a recent […]
Estate planning includes a primary document. Comprehensive estate planning typically does not involve one document. Instead, several components work together to provide instructions for your affairs after incapacity or death. Like any good team, estate plans have a document that directs how the plan should work together. According to a recent The News-Enterprise article titled “Make […]
Much of the estate of Barbara Walters is being sold. Family and friends do not always value or appreciate the same things. With an inheritance, some people will want specific paintings or furniture. Other items may hold no sentimental value to heirs. According to a recent New York Post article titled “Barbara Walters’ belongings auction-bound — […]
Beneficiary forms overrule last will and testament wishes for assets. A last will is an important estate planning document. It is used to name executors, designate guardians for minor children, and provide instructions for distributing assets. When an estate plan is referenced in news articles or television shows, only the last will is typically addressed. […]
Dianne Feinstein left a large estate to her loved ones. Most people do not accumulate vast wealth during their lifetimes. Although they may leave inheritances to their loved ones, the assets are usually meager to moderate. They create estate plans not to address tax implications but to ensure the proper individuals are listed as heirs. […]
A revocable trust may not be necessary. People who love fluffy bread but do not understand the chemistry of baking may believe more yeast yields larger loaves. A baker knows the best results require a delicate balance of the key ingredients and the proper kneading and proofing of the dough rather than simply adding more […]
Estate planning reduces financial frustrations when settling an estate. Perhaps you have heard the phrase, "failing to prepare is preparing to fail." Although many attribute this to educational, business, or athletic endeavors, it applies to estate planning. The stakes are often higher with estate planning. Why? There is no learning from your mistakes after you […]
Inherited IRAs can be complicated for heirs. Some assets are simpler to inherit than others. Not too long ago, IRAs were a flexible and desirable asset for estate planning. This is no longer the case. According to a recent yahoo! finance article titled “What Happens When I inherit an Annuity?,” the SECURE Act is responsible for […]
Storing a last will and testament safely is a key step in estate planning. Many would argue the ending is more important than the beginning. Although a sports team may be ahead early in a game, it does little good if they make many mistakes and eventually lose the game. The win will go to […]
A life settlement can provide an alternative return on investment. Life insurance is one way to invest in the future support of your loved ones. At the same time, it can also feel like a financial risk. Some people find they never need their policy and receive little to no return on their investment. According […]
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
