Per stirpes and per capita designate how assets transfer to beneficiaries. You know estate planning is important. You scheduled an appointment with an experienced estate planning attorney. This attorney create a last will and testament or a trust to meet your specific goals. You now turn your attention to your beneficiary designations. According to a […]
Unpaid debts may need to be paid after you die. No surprise there. Like man Americans, you have a mortgage and credit care debt. Perhaps you even took out a loan to start a small business. Although you are faithfully making payments, you have began to wonder what will happen to unpaid debts when you […]
Owning a small business requires specific estate planning. You are like many Americans. You own a small business. Over the years you have served your community by providing quality goods and services. According to a recent Legal Scoops article titled “3 Ways Estate Planning is Used in Small Business,” your small business will likely die with you […]
What is the difference between holding title to your home as tenants in common or as joint tenants? What is the big deal? There are several considerations when purchasing a home as a married couple. In some states, like Kansas, the purchase defaults to a “tenants in common" status. After years of marriage, many couples […]
Combining households could be helpful for extended families. Many Americans reside in nuclear family households. What does this mean? Parents and children reside in a single home without extended family members. According to a recent The Mercury article titled “Moving ahead during coronavirus,” combining households may be wise for some as a result of the COVID-19 […]
Reverse mortgages are not the only option for getting available cash out of your home equity. Your are at least 62 years old. This means you are eligible to apply for a reverse mortgage. Reverse mortgages allow you to borrow against your home equity to receive a line of credit, monthly payments, or a combination […]
Business owners require thorough estate planning. You own a business. Perhaps you own more than one business. Whatever the situation, your have a lot of responsibility. Your loved ones, employees, and customers all depend on you. According to a recent The Wealth Advisor article titled “Estate planning for business owners and executives,” business owners have a […]
You should prioritize an estate plan checkup. Many people understand the importance of scheduling regular medical checkups. They know time impacts their general health and wellness in minor and major ways. Finding health problems sooner rather than later almost always leads to better outcomes. According to a recent Pittsburgh Post-Gazette article titled “Time for a non-medical […]
Divorce demands estate planning revisions. You have recently divorced your spouse. This process is neither simple nor pleasant. Even if things end somewhat amicably, there is still the challenge of legal paperwork to make it official. Many divorces trigger extreme emotions and relational tension. The last thing you want to do is trigger more planning […]
You could missing key parts of your estate planning. You have met with an experienced estate planning attorney. Your last will, advance directives, and powers of attorney have been signed. Everything is set. Right? Maybe. According to a recent Think Advisor article titled “7 Things Your Client’s Estate Plan Might Be Missing: Morningstar,” you actually may be […]
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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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