I wish you and yours a safe and blessed day as we celebrate our "Declaration of Independence" back on July 4, 1776. May we be found worthy of the sacrifices of those who have gone before us in this great, yet imperfect, country. May we defend our Constitution against all enemies, foreign and domestic.
A 529 plan can help you transfer assets to heirs while you are alive. Having a sizable estate can make tax planning more complicated. President Joe Biden and the current administration may further complicate matters should they pass new legislation on the exemption threshold and the step-up in basis. You may need to implement creative […]
Estate planning involves checking items off your to-do list. To-do lists are helpful in a variety of circumstances. They provide a visual representation of what you need to do and what you have already accomplished. Even so, your list is only as good as the items on it. According to a recent Spotlight News article […]
Singles are not exempt from having to create an estate plan. Many American adults are currently considered single. These individuals may have never been married. Others may have been married then widowed or divorced. According to a recent County 17 article titled “Even ‘Singles’ Need Estate Plans,” dying without an estate plan is not only […]
Easy is not always better, especially when it comes to estate planning. Life is full of choices. Many factors guide the decisions we make moment by moment when presented with options. The simplest choice is often appealing. According to a recent Florida Today article titled “Estate planning: When you take the lazy way out, someone […]
Melinda Gates and Bill Gates are revisiting their estates plans after their divorce. Few people can call themselves millionaires. Even fewer can call themselves billionaires. Bill and Melinda Gates are two of these individuals. According to a recent Page Six article titled “Melinda Gates could be angling to change kids’ $10M inheritance in split,” having […]
There are many reasons to review and update an estate plan. Paying attention to expiration dates is important. This can save you from unwittingly poisoning yourself from outdated food. It can also ensure your medications are still potent. Although your estate plan will not have an expiration date on your documents, it will have a […]
People often say unhelpful things to the grieving after the death of a loved one. Chances are you have experienced the death of a loved one. In the U.S. alone, about 7,500 people die daily. The pain from the death of a close friend or family member is raw and real, even if expected. According […]
Creating a checklist when preparing your estate plan is an excellent idea. Some people really like checklists. I know I do. [In fact, I have a checklist for my Friday household cleaning chores sitting right beside me. I will take up that list right after I finish this blog post.] There is great satisfaction in […]
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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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