It is important to update an older estate plan. Things tend to get worse when no one tends to them. Gardens become overgrown with weeds. Buildings fall into disrepair. Muscles atrophy. After all, the Second Law of Thermodynamics seems to apply to all of life. According to a recent NASDAQ.com article titled “Is Your Estate […]
Estate planning mistakes are more common than they should be. Simply creating an estate plan may not be enough. If you take the advice of someone other than an experienced estate planning attorney from your state of residence, you could get yourself into trouble. In fact, you could endanger everyone you love and everything you […]
An inherited IRA requires special attention. Your parents or your spouse were hard workers. They were also good savers. During their careers, they allocated money each year to their retirement savings. Upon their deaths, you inherited the IRA. According to a a recent Kiplinger article titled “I Inherited an IRA. Now What?,” your relationship to […]
A prenup can protect you when you remarry. A prenuptial agreement goes by several names. It is often called an antenuptial agreement, a premarital agreement, prenuptial contract, or simply a prenup. When you hear the word “prenup,” do you automatically think of the rich and famous? While there is certainly wisdom for those with large […]
Retirees may still benefit from life insurance. You have been in the workforce for decades and are now either in or nearing retirement. Your financial advisor and estate planning attorney recommended life insurance when you were younger. This made sense to you because you wanted to provide income (and "instant estate") for your spouse and […]
Downsizing does not need to be complicated. You have recently considered downsizing your home. Your children are no longer living with you. The house feels large and empty. Perhaps you are also tired of the amount of time, energy, and money spent on upkeep. While you could keep your home to transfer to your children, […]
Having health care directives are important for incapacity planning. People often think they are invincible. Illnesses and injuries happen to other people. They will never happen to us or our loved ones. According to a recent The Times-Tribune article titled “Health care directive beneficial for anyone,” these beliefs can have big consequence for you and […]
Planning for retirement typically follows a basic timeline. If you are working, you should already begin planning for retirement. Eventually, you will no longer be employed. Spoiler alert .... When you retire, you will still need to pay bills and fund your lifestyle. According to a recent U.S. News & World Report article titled “10 […]
Vacation property requires planning to transfer it to another generation. For families, summer is a prime time for vacations with children off from school. For example, did you spend the recent "Labor Day" weekend as the final opportunity for vacation before the demands of school become too overwhelming? Many people have different traditions. Some involve […]
Today we celebrate the American national holiday known as Labor Day. If you are curious to know more about its origins, read all about it on the official U.S. Department of Labor website. The celebration of labor and enjoying the fruits thereof is nothing new. In fact, as King Solomon repeatedly observed millennia ago, “there is […]
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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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