Storing a last will and testament safely is a key step in estate planning. Many would argue the ending is more important than the beginning. Although a sports team may be ahead early in a game, it does little good if they make many mistakes and eventually lose the game. The win will go to […]
A life settlement can provide an alternative return on investment. Life insurance is one way to invest in the future support of your loved ones. At the same time, it can also feel like a financial risk. Some people find they never need their policy and receive little to no return on their investment. According […]
A trustee is responsible for trust administration. Trusts are useful estate planning tools for those who want to retain greater control over assets or maintain the privacy of their affairs. Several factors impact whether a trust will be effective. An experienced estate planning attorney creating the documents is critical to a healthy foundation. The trustmaker […]
Retirees and others can benefit from a revocable living trust. Estate planning attorneys ask for a lot of personal and financial information when meeting new clients. Some people find this to be inconvenient. This simple inconvenience serves an important purpose. It helps the estate planning attorney conceptualize the needs of the clients because the information […]
A pour-over will can help tie up loose ends. Revocable Living Trust-based plans work as intended when the trust is funded. Some assets are placed in the trust while the trustmaker of the trust is alive. Other assets are intentionally left out or simply forgotten - more commonly, the latter. According to a recent Coeur […]
Life insurance is traditionally passed through beneficiary designations. Having an income is essential to living in America. Bills must be paid. Groceries must be purchased. Consequently, families who lose a parent with a paycheck are left more vulnerable. According to a recent yahoo! finance article titled “What happens if your life insurance beneficiary dies before you?,” […]
Estate planning is essential for numerous reasons. Many people became more aware of the uncertainty of life during COVID. The media constantly reminded people that death was possible and their livelihood and health were at risk. Although there was a slight rise in people prioritizing estate planning, many still do not have an estate plan. […]
Wills and trusts are both useful estate planning tools. The debate over whether wills or trusts are better in estate planning has been argued by many for decades. The nature of this argument may be likened to whether a screwdriver or wrench is a better tool. It depends on what you need for the specific […]
Having a no-contest clause can reduce the likelihood of estate battles. Estate planning allows you to protect and provide for loved ones. It also enables you to disinherit certain people in your family. Very rarely does providing for your loved ones cause conflict. Cutting someone out of the will certainly can lead to resentment. According […]
A power of attorney is key to incapacity planning. People have varying views of estate planning. Some individuals believe it is so simple they can do it all themselves. Others believe having an estate plan is unimportant. Still, others understand estate planning can be nuanced and can benefit from working with an experienced estate planning […]
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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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