Lisa Marie Presley left behind a family legacy at her death. Most people live their lives in relative obscurity. Others are household names from the time of their birth. The latter was true of Lisa Marie Presley. According to a recent NME article titled “Lisa Marie Presley’s children to inherit Graceland estate,” being the daughter […]
Estate planning should include a HIPAA Authorization. Incapacity planning is essential to comprehensive estate planning. Accidents or illness can quickly turn from bad to worse when a person does not have incapacity documents. While some of these documents are only important when a person is incapacitated, others are helpful even when you have full mental […]
Secondary beneficiaries may save your estate plan. Having backups in place is a wise move. It is helpful both personally and professionally. Backing up the hard drive on your computer can protect important information or projects from being destroyed. Syncing your phone to the cloud can prevent sentimental photos from being lost forever. According to […]
Rapper Coolio died without an estate plan. Many celebrities die without preparing for the transfer of their wealth. When this happens, it can leave their estates vulnerable to taxes and even greedy folks wanting to cash in on their wealth. One recent celebrity who died without an estate plan was Artis Leon Ivey, Jr. who […]
Jointly owned property may avoid probate. When more than one person has concurrent ownership of an asset, it is considered jointly owned. Some couples choose to combine all of their assets when married. Others decide to keep all or some assets separate. According to a recent TBR News Media article titled “Everything you need to […]
Leaving a co-op apartment as an inheritance may prove difficult. In Kansas City, there are some rather tony co-ops in an area generally known as the Country Club Plaza. These various co-ops are home to professional athletes, local celebrities, and many retirees. By the way, their view of the Country Club Plaza Lights is something […]
A Chicago man left a large estate to extended family by default. Some people are unassuming millionaires. By looking at them on the street, they are indistinguishable from the average person. Upon their death, others are often surprised to find these individuals amassed significant wealth. According to recent Block Club Chicago article titled “A Chicago […]
A will and an estate plan are not synonymous. People tend to categorize things and ideas. If the category is broader, then several things can have this label. For example, all cats and dogs are animals. Still, not all animals are cats and dogs. Neither is a cat a dog. However, there are some cute […]
Making mistakes on beneficiary designations is common. Preparing for death is an unpleasant reality. For this reason, people often avoid estate planning. When taking action at the approach of death, stress and urgency can impair thinking. According to a recent yahoo! Finance article titled “5 Retirement Plan Beneficiary Mistakes to Avoid,” taking steps in advance […]
People should store their legal documents in a secure place. Not everyone secures their valuables. Some people stash cash in their sock or underwear drawers. Others keep their important papers like social security cards and birth certificates on a shelf. Although these may work for a time, they also leave your money and important information […]
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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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