Some people benefit from placing their home in a living trust. A house is a valuable asset. For many, it is their most significant investment. We certainly have seen a run up in home values of late, yes? Estate planning for these larger assets requires intentional preparation. One route people can take is to create […]
It is important to follow the estate planning fundamentals. Many people believe wealth is the pivotal factor for estate planning. This is inaccurate. Age is actually the determinative factor when it comes to whether a person needs an estate plan. Generally, anyone age 18 or older would benefit from making preparations for incapacity or death. […]
Single seniors should not ignore estate planning. There are many things in life people do not enjoy doing. Often these tasks are easier to tackle with a support system. They are also easier to remember when people remind you they need to be done. This can apply to relatively simple tasks like making dinner. According […]
Transfer on Death (TOD) accounts require a beneficiary to be named. Although most people believe money passes to heirs through a last will and testament after probate, but there are alternatives. A trust is one common option in providing greater control over the distribution of assets outside of probate. Additionally, certain assets pass through beneficiary […]
People should research long-term care insurance options prior to making a purchase. Insurance is helpful in a variety of situations. It helps protect large financial investments like a home or car. People also utilize insurance to help pay for medical expenses. According to a recent Yahoo Finance article titled “What Happens if You Don't Use […]
Ray Liotta likely left a significant estate. The death of a celebrity is often met with both disbelief and interest from the general public. Go ahead, admit to having a little curiosity when such news breaks. Some people mourn the reality of an actor or singer no longer creating any more content to be enjoyed. […]
Physical symptoms can materialize in grief. The loss of a loved one is a significant event. You cannot just call the loved one postmortem and hear his or her voice. You can no longer receive a hug from this important person in your life. According to a recent Next Avenue article titled “Broken Heart Syndrome: […]
Storing estate planning documents requires thoughtful attention. You have created an estate plan. This is good. You have done more than many of your peers. Okay, feel free to pat yourself on the back. But wait, not so fast. According to a recent The News-Enterprise article titled “Give thought to storing your estate papers,” this […]
Purchasing funeral services requires careful consideration. Some purchases like groceries occur frequently. People are comfortable with the chore because they do it often. Other purchases like homes, cars, and funeral services are infrequent. Often these bring feelings of doubt and uncertainty. According to a recent The Seattle Times article titled “When shopping for funeral services, […]
Every adult can benefit from an estate plan. People are adept at making excuses to avoid certain tasks. Sometimes these are inconsequential. Other times they can be detrimental. According to a recent Florida Today article titled “No matter your age, income or crushing debt, you should have an estate plan,” the reasons people give for […]
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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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