A GRAT can serve as helpful estate planning tool for some people. Federal estate taxes may be problematic for some because of the current low interest rates. As a result, many are looking for a way to reduce their tax liability. Finding the best means of doing so can be tricky. According to a recent […]
Your digital property requires estate planning. We live in an increasingly digital world. I think we would all agree with that, yes? Smartphones are essentially mini computers with the ability to make phone calls. Owning a business requires having a website. Social media and apps have become interconnected with work, hobbies, and relationships. Even banking […]
You should conduct a regular estate plan audit. Estate planning is important for any adult. It allows you to pass your assets wherever you chose at death. I will be the first to admit that it is not a fun subject matter? Nevertheless, this topic must be tackled or you will leave only a big […]
Yes, Virginia, an inheritance can cause conflict in marriage. You have recently accepted a large inheritance. Although you miss your loved one, you know these assets were left to you to be used. You begin to wonder how to utilize the money and start making "to purchase" lists in your mind. Then, you pause. Should […]
Early retirement can threaten your financial security. You are retiring early. Perhaps this is voluntary. You are tired of the daily grind and want to travel and spend time with your loved ones. Maybe you have been offered early retirement from your employer as a result of the economic downturn. Many businesses are struggling to […]
Your life insurance policy could help you through financial hardship. The economy has been hit hard by the COVID-19 pandemic. Many people have lost their jobs or had their hours reduced. Perhaps you or your spouse are among them. You anxiously review your bank account and your bills. You wonder how you will make ends […]
Picasso was a brilliant artist but a poor estate planner. When you think of "success," what images come to mind? You likely think of famous business people, scientists, entrepreneurs, or artists. Oftentimes, regular folks believe successful people are those we should emulate. According to a recent Celebrity Net Worth article titled “When Pablo Picasso Died He […]
Making mistakes is normal for new parents. You or your spouse are pregnant. This has been confirmed by the doctor. You are both excited and nervous. This is your first child and you feel clueless about what to do. According to a recent The Street article titled “Biggest Money Mistakes New Parents Make,” this uncertainty leads […]
The probate process requires the executor (also known as the "personal representative") to take specific steps. The loss of a loved one is difficult. In the midst of grieving, families must also settle the estate of the deceased. This process is simpler if there is a last will and testament in place. Whether there was […]
Tenancy by the Entirety is one option for owning real estate. You are and your spouse are buying a home. This is an exciting time. It also means you need to make some decisions on ownership. How a real estate is titled is important. According to a recent Motley Fool article titled “What is Tenancy […]
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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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