Estate planning often has multiple benefits. People tend to avoid doing things if they do not benefit directly. Estate planning is one of those areas where people believe it is helpful for some people but not them. Often the mistaken belief is such planning and preparation is only for the super-wealthy. According to a recent […]
“Per stirpes” is a designation for passing assets to heirs. Legal jargon can involve a lot of Latin and also be confusing. Legal jargon also has real implications for the lives of Americans. It is present in government statutes, business contracts, and estate planning. According to a recent Motley Fool article titled “What Does Per […]
Aretha Franklin left a voicemail for her attorney in the months preceding her death. Estate planning is essential because it allows people to communicate their wishes regarding what happens to their assets when they die. To be legally binding, estate planning documents must be prepared and signed according to specific rules. Simply stating wishes to […]
Estate planning is essential for those experiencing cognitive decline. I have yet to meet anyone with the condition of Benjamin Button. People get older, not younger. It is an undeniable fact of life. According to a recent Think Advisor article titled “Don’t Let Cognitive Decline Derail Well-Laid Financial Plans,” estate planning is essential for aging individuals. […]
It is possible to replace many lost documents. Losing essential items or documents is pretty common. When people move or clear out files and papers in their homes, sometimes important documents sneak into the mix as little stowaways. This can cause problems when these documents are later required for applications or approvals. According to a […]
Paying for funeral arrangements in advance can be helpful to loved ones. Many things are more cost-effective when you plan. Often costs increase due to inflation or supply and demand. Additionally, strategically using credit cards or other rewards programs can lead to a better price. According to a recent Yahoo Life article titled “Should You […]
The language used in estate planning can be more vague for some requests. How something is said is often just as important as what is said. People communicate just as much through body language and tone of voice as they do with their words. Although these sensory details are often missing in estate planning documents, […]
Limited Liability Companies (LLCs) and trusts are both helpful for asset protection. Asset protection can be a priority for many in their life and estate planning. This is especially important for those with much to lose as business owners. Two common tools for asset protection include trusts and Limited Liability Companies (LLCs). According to a […]
Some pension options are better than others. True, the amount of money a person makes is important. However, it is also important how this money is handled. Depending on your choices, you may either increase or decrease the funds available. According to a recent Kiplinger article titled “Pension Lump Sum Option vs. Annuity Payment: Which Is […]
A revocable trust must be funded to be effective. Follow through is important. Committing to an athletic training routine will improve your ability in a given sport. Making good on your word builds trust. According to a recent The National Law Review article titled “’It Ain’t Over ‘Til It’s Over’ – Use of a Funded […]
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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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