Knowing how much to share about estate planning can be challenging. Your estate plan is complete. The i’s are dotted. The t’s are crossed. All your documents are signed. Reviewing your plan with your executor would be wise. Should you talk to your adult children as well? According to a recent CNBC article titled “What to […]
Including troubled children in your estate plan is not impossible. There is no such thing as a "perfect" family. In fact, going way way back to the very first family, the older brother killed his younger brother. Not a good start. Fratricide aside, not all family flaws will have no impact on your estate plan. […]
Trusts can solve a number of estate planning problems. Many people think of the ultra wealthy when they envision the use of trusts in estate planning. They imagine “trust fund babies” driving foreign cars, having parties on yachts, and never working a day in their lives. According to a recent Market Watch article titled “3 […]
Joint accounts and beneficiary designations can be useful in estate planning. When you think of estate planning what comes to mind? You likely think of how it is portrayed in books or films. A character receives news of the death of a relative and how this character was named in the last will and testament […]
It is wise to organize digital assets before you die. Why? The world we live in has changed significantly since the invention of computers and the creation of the internet. Now most individuals and businesses have an online presence to some degree whether this be through social media, websites, or email. In addition to these, […]
Having an ethical will allows you to pass on more than assets. Death can come as a surprise. A global pandemic has underscored this reality. Even when people are fortunate enough to have loved ones at their bedsides when they pass away, much is still left unsaid. According to a recent The Wall Street Journal […]
Using a living trust is ideal under certain circumstances. When it comes to estate planning, you should thoroughly consider your options. First, you will want to select an experienced estate planning attorney to create your plan. Such an estate planning attorney will create a plan to best meet your unique needs. According to a recent […]
Dementia can be recognized through financial forgetfulness. All people can be forgetful occasionally. Forgetfulness is not always an indicator of dementia. However, it is a symptom. According to a recent Medical Express article titled “Older adults with dementia exhibit financial 'symptoms' up to six years before diagnosis,” financial forgetfulness is correlated to higher rates of […]
Probate is particularly complicated when there is no last will and testament. Settling an estate can take time. The executor who is named in the will must be approved by the probate court. When this is done, the executor can inventory and secure assets, notify creditors, pay debts and bills, distribute assets, and file the […]
Married couples should weigh pros and cons of joint trusts and separate trusts. Perhaps you have been married for just a short time. Maybe you are celebrating another decade of life together. Either way, you are wanting to include trust planning in your estate plan. You must now answer whether you want joint trusts or […]
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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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