Marriage age gaps make a difference in estate planning. Weddings are joyous occasions. For those who choose to celebrate their marriage surrounded by friends and family, weddings require a lot of preparation. Beyond the wedding itself, marriages require thoughtfulness and communication about a variety of topics. According to a recent Barron article titled “Couples with […]
Charlie Daniels left behind a music legacy. Musicians give the world a part of themselves through their songs. While the general public can continue to enjoy the artistic talents of a deceased musician through streaming services, families and close friends feel the loss acutely. This loss can feel even heavier when the musician failed to […]
Every estate plan needs an occasional checkup. You have an estate plan in place from years ago. Perhaps you think your affairs are in order. They may be. On the other hand, the may not be. Similar to doctor visits, checkups are important. According to a recent Kiplinger article titled “2021 Estate Planning Checkup: Is […]
How a power of attorney is phrased will impact the authority granted. So much in life is outside of our control as individuals. Accidents and illness can strike at any moment and leave you or your loved ones incapacitated. When this happens, the incapacitated individual can no longer manage his or her finances. According to […]
Estate planning requires attention to detail. If you are an American adult, you should have an estate plan. This planning is not reserved for those who exceed the 2021 federal estate tax exemption of $11.7 million per person. Effective estate plans are essential to protecting you, your assets, and your loved ones. Poor estate planning […]
Estranged children cannot be ignored in your estate plan. Families can be sources of great joy and great pain. Although many people want close and positive relationships with their loved ones, this is not always a reality. Children become estranged for a variety of reasons. According to a recent The News-Enterprise article titled “Estate planning […]
High-resistance inspiratory muscle strength training (IMST) may benefit cardiac health. Heart health is important to your well-being at any age. The heart pumps blood to fuel the body with oxygen. Every nerve, organ, muscle, tendon, and ligament suffers when the heart suffers. According to a recent Money Talks News article titled “This 5-Minute Trick Could […]
Terminating an ILIT may require the creation of additional documents. Some people with life insurance utilized an irrevocable life insurance trust (ILIT). The purpose for many was to decrease their taxable estate and provide "liquidity" to pay potential estate taxes to ransom an otherwise illiquid estate (think farm, ranch, or other family business operation). Perhaps […]
A testamentary trust can be beneficial for families with minor children. A last will and testament is used to distribute assets to heirs when you die. This can be a straightforward process for adult heirs. When minor children inherit, the distribution of assets can become a bit more complicated. According to a recent wtop news […]
Life insurance has several estate planning perks. Estate planning allows you protect your loved ones and provide for them. Although estate planning is important for those without children or spouses, it is critical for those with families. Those you leave behind have more at stake when you die. According to a recent Kiplinger article titled […]
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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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