Certain wealth transfer could require the filing of a gift tax return. Some people really like giving gifts and do so any chance they get. That is their love language. Others struggle to give presents for one reason or another, even on special occasions like birthdays and holidays. Wherever you naturally fall when it comes […]
Estate plan updates are vital to protecting loved ones and your assets. What comes to mind when you consider risky behavior? Tom Cruise in "Risky Business"? I digress. Perhaps you think of climbing a mountain without ropes. Maybe you envision people parachuting out of perfectly good airplanes. You likely believe few people choose high stakes […]
Long-term care insurance is better to purchase before you need it. Once again, I have mastered the obvious. As people age, financial priorities shift. Sometimes, this is a result of changes in circumstances. Other times, it stems from gained wisdom and experience. When it comes to preparing for retirement and health care needs, all of […]
Singles benefit from estate planning. There has been a trend for several years to delay marriage. This means many people are often single throughout their twenties and into their early thirties. It may be tempting for these individuals to forgo estate planning because they have no obvious heirs. According to a recent Hood County News […]
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, […]
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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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