Paying for a funeral can be a costly expense. Dying is not cheap in America. Families are often left with a significant bill for the costs of burial. The National Funeral Directors Association lists the median cost of burial as $7,848. The average cost of cremation and a funeral is $6,970. Often, these expenses are […]
You can give an inheritance while you are living. Timing can make a big difference. A split second late on a baseball swing can leave you with a strike rather than a home run, yes? Being born a few minutes before midnight on New Year’s Eve gives parents a tax break. According to a recent […]
Transferring real estate to adult children can be complicated. The current housing climate makes purchasing a home rather challenging. As a result, fewer people are buying and selling. It also underscores the importance of including home transfers in estate planning. According to a recent Urban Turf article titled “How Can Parents Transfer Real Estate to Their […]
Military veterans often have burial benefits. Members of the armed forces spend part or all of their careers serving the country. The work requires personal sacrifice as military members often miss holidays and important family milestones. While many give the ultimate sacrifice in the line of duty, others eventually enter into civilian life. As Jose […]
Anxiety has led to an increase in estate planning. As a result, a lot has changed since the start of 2020. A once-strong economy is now racked with inflation. The COVID-19 lockdowns also rocked the sense of stability and security. According to a recent SI Live article titled “More young adults are creating wills because of […]
Vitamin D can reduce the likelihood of dementia development. Dementia is a concerning condition for those who are aging or who have an aging loved one. Although not everyone develops this condition, those who develop it can struggle to live independently. Loved ones often have increased concerns over the health and safety of their loved […]
Estate planning is part of life planning. Most people think of death when they consider estate planning. Because people often avoid the unpleasant and uncomfortable, they ignore estate planning conversations. Although this is understandable, it is neither helpful nor accurate. According to a recent aol.com article titled “Estate Planning: 7 Things To Make Sure You Do,” estate planning […]
It is important to have a good estate planning attorney. Hiring an estate planning attorney is an important decision. People should not enter into this professional relationship lightly. Asking for recommendations from family, friends, or other professionals can be a good place to start. Whether you find options through recommendations or a web search, you […]
Memorabilia collectors should create plans for the transfer of these assets. Estate planning is essential for retaining control over who inherits assets. When preparing for the transfer of assets, most people list life insurance policies, investment accounts, and bank accounts. Tangible assets are often overlooked. According to a recent Kiplinger article titled “Estate Planning for Memorabilia […]
Secrecy is not the best policy when it comes to estate planning. Secrets are generally considered problematic for relationships. Exceptions include surprise parties and confidentiality within a therapeutic relationship or the attorney-client privilege. Typically, estate planning is not one of these exceptions. According to a recent Financial Advisor article titled “Family Wealth Transfers Undermined by Secrecy,” it […]
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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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