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 […]
The estate of Pablo Picasso is being managed by his daughter. Few artists reach the level of fame of Pablo Picasso. He lived a long life and had a career most only dream of having. Unlike other artists, his work was profitable in his life and after death. According to a recent The Art Newspaper […]
Dead people cannot own a bank account. How assets are treated when you die depends on your forethought and goals. The fate of property can be complicated and confusing. With proper estate planning, the transfer can be straightforward. According to a recent Motley Fool article, "Here's What Happens to Your Bank Account When You Pass […]
Tori Spelling may not have liked how her father structured his estate. Fame and fortune do not buy happiness. Numerous celebrities have had tumultuous relationships with spouses, parents, and other family members. These tensions can be highlighted through estate planning and reactions to the plans. According to a recent Page Six article titled “Tori Spelling’s […]
Naming contingent beneficiaries is a key step in estate planning. In athletic competition, it is not enough to have one star player. Illness or injury could quickly sideline this exceptional athlete. Instead, it is essential to have a deep bench so your team can handle such unfortunate situations. According to a recent The Mercury article titled “PLANNING […]
The types of trusts people use depend on their goals. Estate planning can have various components depending on individual specific needs and goals. Smaller estates with responsible heirs may find arranging for direct non-probate transfers of their assets sufficient, with a last will and testament as a backup. Larger estates or those with more financial […]
Pat Robertson left a large estate. Pat Robertson lived a long life as a prominent conservative Christian. He died in June at age 93. His entrepreneurial nature led him to found a variety of nonprofit and for-profit enterprises. These include Regent University, the American Center for Law and Justice, The Christian Broadcasting Network, International Family […]
It is possible to help your adult children buy a home. The economy has been declining in recent years. Inflation and interest rates are both high. Consequently, buying a house is challenging for many individuals, couples, and families. According to a recent Kiplinger article titled “Four Ways Parents Can Help Kids Be First-Time Home Buyers,” parents can […]
Portability tax exclusion benefits have been extended. People cannot escape taxes. Purchase something. Pay a tax. Own a vehicle or real estate. Pay a recurring tax. Make an income. Pay a tax. Die with a specific amount of wealth. Pay a tax. According to a recent The CPA Journal article titled "Portability of Deceased Spousal Unused Exclusion […]
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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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