The finances and health of "elder orphans" are in greater danger than for those who have family. Orphans are a vulnerable population. They have lost both parents and are at risk of being abused, neglected, or exploited. Elderly individuals can also become vulnerable when they have no living spouse or family. One term for these […]
Organization can be helpful for future planning. Many people jump into Spring cleaning during this time of year. They have a list of projects they want to tackle before the oppressive heat of summer. Sometimes these projects are thwarted by uncooperative weather like we have been experiencing in Overland Park of late. According to a […]
Passing a vacation home to the next generation is rarely straightforward. A vacation home fills a variety of roles. For a lot of my clients, they are places to gather with family and friends to make memories. For others clients, they provide a retreat from the demands of daily life. And for yet others, a […]
Retirement costs can add up fast. Life is full of surprises. Sometimes these can be expensive. With a fixed income in retirement, unanticipated expenses can feel incredibly intimidating. According to a recent Money Talks News article titled “11 Huge Retirement Costs That Are Often Overlooked,” awareness of common high cost expenses in retirement can help you […]
Cryptocurrency should be included in estate planning. I know I have posted more than a few blog post on this subject of late. However, cryptocurrency has been in the news quite a bit lately. Generally speaking, the meaning of "currency" has changed throughout the years. Early in human history, people bartered goods and services for […]
The generous Trump era estate and gift tax exemptions are in countdown mode. According to an article in The Wall Street Journal titled “Estate and Gift Taxes 2021—2022: What’s New This Year and What You Need to Know,” these important exemptions are set to lapse in 2025. Does time seem to be flying for you, […]
Making a gift can trigger unintended consequences. Gift giving is an important part of many occasions and celebrations. People give presents at birthdays, weddings, milestone events, and holidays. Although these are common times for gift giving, presents are not necessarily restricted to these occasions. According to a recent Mondaq article titled “The Annual Exclusion For […]
Making mistakes in a last will and testament is costly. Everyone makes mistakes. It is part of being human. Learning lessons from experience allows people to avoid repeating these actions. Sometimes there is not an opportunity for a second chance. In these instances, it is wise to consider the experiences of others. According to a […]
A discretionary trust can protect against mismanagement of trust funds. Those who desire to avoid probate often utilize trusts in their estate plans. This is accomplished through retitling assets to the trust. Because the assets are not under your name, they are not included in your personal probate estate. According to a recent The Facts […]
Getting married again means more than planning another wedding. Remarriages are fairly common in the United States. Whether the result of death or divorce, they often involve more considerations than a first marriage. Couples must consider a number of factors as they blend families. According to a recent CNBC article titled “Remarrying? Here are financial […]
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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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