Estate planning laws may change under Joe Biden. New leadership brings changes. This is true of companies, teams, and the United States government. The recent elections shifted the White House and Senate to Democrat majority. According to a recent St. Louis Business Journal article titled “Estate planning in light of a new presidential administration: What […]
The act of disinheriting a child must be thorough. It is not uncommon for family relationships to undergo strain. Family members may become estranged and not see one another for decades. Other families simply suffer from diminished trust. Some children grow up. Other children ... just continue to have more birthdays. In short, not all […]
Larry King had a career and relationships characterized by highs and lows. Even legends do not life forever. His health had been poor the past few years, when he died at age 87. Larry King had a history of heart trouble and a stroke prior to his contracting COVID-19. According to a recent Wealth Advisor […]
People should undertake a beneficiary review every few years. You have several types of assets. You own a home. You have retirement accounts and bank accounts. You even purchased a life insurance policy. According to a recent The Street article titled “Secure your IRA – Review Your Beneficiary Forms Now,” some of these assets should […]
All adults should have a last will and testament, living will, and a health care power of attorney. When you are a child, you depend on your parents. If you get sick, they call your doctor, take you to the appointment, and give you the prescribed medicine. You depend on them for food, clothing, and […]
A trust allows greater control of assets. People tend to have strong opinions about money. This involves budgeting, investing, and gifting. For this reason, many people have distinct goals for estate planning. According to a recent FED Week article titled “Control of Assets a Key Issue in Deciding on a Trust,” those who have specific […]
The estate of Prince is still making headlines. No, really. Prince was a talented musician. He was also a memorable human. Very few people change their names to a symbol and then back to their names. When Prince died of a fentanyl overdose in 2016, the world was not ready to lose his talent. According […]
After creating a trust it is important to "fund" the trust. Your circumstances and goals necessitated a trust as part of your estate plan. The instructions outlined in the trust provide an equal division of the assets among your children. You find this fair and fitting. According to a recent nwi.com article titled “Estate Planning: […]
Many people require caregiving support as they age. You are getting older. This means your parents are also getting older. As people age, their minds and bodies begin to wear down. When this happens, full independence may no longer be an option. According to an AARP article titled “5 Signs Your Loved One May Need […]
Farm families have a lot to lose with inadequate estate planning. You are a farmer. You are in the business of farming. The farm has been in the family for generations. Perhaps your children intend to keep the a farm running after you die. Maybe your children have different careers in mind. Do you have […]
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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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