Estate inventory is one role of an executor. People can accumulate a lot of stuff throughout their lifetimes. This can include common clutter. It can also include valuable assets. After all, what is trash to one may be treasure to another. According to a recent Yahoo Finance article titled “What Is Included in an Estate […]
Funeral planning can start before a person dies. People seem to fall into two camps. One group cannot stand to think about their own mortality and actively avoid the topic. The other group wonders about their legacy. According to a recent Yahoo Life article titled “Should You Pre-Pay for Your Own Funeral as Part of […]
Power of attorney laws may not look the same in each state. Accidents happen all the time. Sometimes, they are small and only a minor inconvenience. At other times, accidents and illness can lead to short-term or long-term incapacity. According to a recent limaohio.com article titled “When ‘anything and everything’ does not mean anything and […]
A pour-over will is used when a trust is in place. Many people think of estate planning as a binary decision - they need to choose either a last will or a revocable living trust (RLT). Although one of these must set the foundation for your estate plan, they are not necessarily mutually exclusive. A […]
The timing of Social Security claims has a significant impact on finances. With the rise of inflation and cost of living, each penny counts. This is true whether you are single and starting your career or married with children. Those entering retirement may feel the financial stress acutely as income will not be generated by […]
Placing larger assets in a revocable living trust could simplify distribution. Many people want to simplify their estate planning. Their definition of a simple estate plan will guide what documents are included. If simple means a basic estate plan, the individuals will likely opt for a last will and testament over a trust. If they […]
Having no estate plan is risky for anyone. Stated goals do not always align with what people actually choose to do. Many people make resolutions to improve their health, but fail to follow through on an exercise plan or eating healthy. Health clubs full in January resemble a ghost town by March. Students often want […]
The fate of the Michael Nesmith estate is uncertain at this time. It is an all-to-common story. A celebrity dies and leaves behind either no estate plan or an inadequate estate plan. This results in confusion surrounding the fate of the estate. According to a recent Monterey County Weekly article titled “Michael Nesmith's four children […]
Non-probate assets are commonly overlooked in estate planning. Estate planning involves a lot of unique words like last will and testament, probate, and assets. While these words are uncommon in the daily vocabulary of most individuals, they are important words to understand. A last will is a formal legal document used to guide a probate […]
A revocable inheritance trust is useful in the event of divorce. Although people do not enter marriage hoping for or expecting a divorce, separations and divorces are nevertheless fairly common. Going through a divorce takes emotional, physical, and mental energy. <Understatement?> It also can be quite expensive in terms of legal fees and divorce agreements. […]
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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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