A safe deposit box is not the best solution for all your valuables. Security and access are often at odds. Consider your electronic devices or accounts. If there were no passwords or security codes, you could more easily login from any device. While it would be convenient, it would also leave these accounts vulnerable. According […]
Britney Spears may benefit from a prenuptial agreement. Britney Spears started working at a young age. As a pop icon and former Mouseketeer, Britney has amassed quite a fortune. Since the establishment of a conservatorship in 2008, Spears has not had personal control over these funds. According to a recent Yahoo Entertainment article titled “Britney […]
Certain events should trigger an estate plan checkup. Nothing in your life happens in a vacuum. Your personal and work decisions impact each other. The decisions of others also can affect you and your loved ones. According to a recent Kiplinger article titled “2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?,” what […]
An inherited IRA is more complicated for heirs who are not a surviving spouse. An IRA is an important source of income in retirement. For this reason, they are often significant assets in estate planning. With the recent passage of the SECURE Act, how IRAs are passed to heirs has become more complicated. No surprise […]
Digital assets should not be ignored in estate planning. The digital world has grown exponentially over the years. Gone are the days of dial-up and floppy disk storage. With smartphones, people carry a personal computer in their pockets everywhere they go. According to a recent Baltimore Business Journal article titled “Estate planning for your digital […]
A buy-sell agreement can protect a small business. Business owners have a lot to think about. Their daily concerns include customers, employees, and finances. In fact, they are the last one's to get paid each month (if then). With the constant demands on their attention, business owners can forget to consider what will happen when […]
There are key elements common to estate planning success. Preparing an estate plan is no small task. It requires action, knowledge, and attention to detail. When people underestimate the important of estate planning, they can cause problems for themselves and their loved ones. According to a recent Bankrate article titled “Estate planning checklist: 3 key […]
Placing conditions on an inheritance can cause problems. In some instances, it is appropriate to require certain standards to be met before receiving a benefit. Students must earn a minimum grade to pass a course. Athletes must pass a drug test to compete at the Olympics. Even attorneys must pass the bar exam to practice […]
Moving to a new state requires updating several legal documents. The process of moving is never simple. It involves packing and unpacking, purchasing or renting a new residence, and saying goodbyes. Moving is further complicated when you move to a new state. According to a recent J.P. Morgan article titled “Changing your state of residence,” […]
It is important to adjust estate planning for changes in tax law. It has been said “the only constant is change.” People get older, trends come and go, and technology is constantly developing. Similar to updating an operating system on your phone so it can continue to function well, estate plans should be updated regularly […]
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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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