The types of trusts people use depend on their goals. Estate planning can have various components depending on individual specific needs and goals. Smaller estates with responsible heirs may find arranging for direct non-probate transfers of their assets sufficient, with a last will and testament as a backup. Larger estates or those with more financial […]
Pat Robertson left a large estate. Pat Robertson lived a long life as a prominent conservative Christian. He died in June at age 93. His entrepreneurial nature led him to found a variety of nonprofit and for-profit enterprises. These include Regent University, the American Center for Law and Justice, The Christian Broadcasting Network, International Family […]
It is possible to help your adult children buy a home. The economy has been declining in recent years. Inflation and interest rates are both high. Consequently, buying a house is challenging for many individuals, couples, and families. According to a recent Kiplinger article titled “Four Ways Parents Can Help Kids Be First-Time Home Buyers,” parents can […]
Portability tax exclusion benefits have been extended. People cannot escape taxes. Purchase something. Pay a tax. Own a vehicle or real estate. Pay a recurring tax. Make an income. Pay a tax. Die with a specific amount of wealth. Pay a tax. According to a recent The CPA Journal article titled "Portability of Deceased Spousal Unused Exclusion […]
Proper planning can help you avoid estate conflict. Some people seem to thrive off of drama. No, really. This is evident in the plethora of reality television shows available on broadcast television and streaming services. Although many people find drama entertaining, it is much less enjoyable when it is your story. According to a recent […]
Today, we celebrate the American national holiday known as Labor Day. If you are curious to know more about its origins, read all about it on the official U.S. Department of Labor website. The celebration of labor and enjoying the fruits thereof is nothing new. As King Solomon repeatedly observed millennia ago, “There is nothing new […]
Sinéad O’Connor was likely prepared for her death. Many celebrities act as if they can cheat death. Even if they do not believe they are untouchable, they fail to prepare for their eventual demise. There is an interesting irony in this fact, considering how many celebrities have died suddenly from drugs, plane crashes, or unknown […]
New parents should protect their children through estate planning. Adulthood brings many responsibilities. Bills and rent must be paid. Groceries must be purchased, and meals prepared. Laundry must be sorted, washed, dried, and folded. Such tasks are no longer simple chores but are necessary for daily living. According to a recent The Motley Fool article […]
Inherited IRAs are subject to numerous rules. Individual Retirement Accounts (IRAs) are foundational financial tools for retirement planning. They allow you to set aside and invest pre-tax money that grows tax-deferred so you can have an income stream after you have retired from employment. In addition, at one time, retirement accounts were wonderful tools for […]
Heirlooms can trigger conflict among families. While many people value money as an inheritance, family heirlooms are often considered priceless. It makes sense. People can get money anywhere, but there is no replicating the history and meaning attached to family heirlooms. According to a recent The Wall Street Journal article titled "Pass On Your Heirlooms, […]
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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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