An LLC can provide asset protection, as well as other benefits. You want to leave assets to your family. Unfortunately, taxes can take a chunk out of the assets you choose to distribute. What options do you have for preserving the bulk of your estate. According to a recent Investopedia article titled “Using an LLC for […]
You should customize your estate plan to meet your unique needs. Is anything truly one-size-fits-all? There are reasons why most clothing comes in different sizes. People come in all different shapes and sizes. Consequently, they have different clothing needs. According to a recent The News-Enterprise article titled “Don’t settle for a generic estate plan,” people also […]
Your loves ones with special needs require specific planning. You have begun to worry about your child with special needs. Why? You are reasonably certain your child will outlive you. When this happens, you do not want to leave your child financially vulnerable. According to a recent NWTimes.com article titled “Planning for loved ones with special […]
You may be entitled to Social Security benefits from your ex-spouse. You are divorced. Throughout your marriage, you put your career on hold. Your spouse worked in a traditional job. You took care of managing the household. You were not able to have Social Security withheld from your paycheck. According to a recent nj.com article titled “I’m […]
Certain states levy an inheritance tax. Death does not exempt your money from taxes. In fact, it can trigger taxes. States with inheritances taxes can make estate planning and administration more complicated. If you live in one of these states, to include our neighboring states of Nebraska and Iowa, then you will want to consider […]
An experienced estate planning attorney is the key to a successful plan. Estate planning can be challenging. It is not easy to think about your own death, let alone disability. It is even more difficult to discuss it. Most people have a desire to protect and provide for their loved ones. They simply do not […]
Tangible property can be difficult to divide. Your parents have both passed away. They left money to be divided among their children. They also had a lot of tangible assets. You know, all their "stuff" that does not have a formal "title" evidencing ownership. You are the executor of the estate. According to a recent […]
Funeral arrangements can come with a high price tag. Death comes to us all eventually. It is not a question of “if” but “when.” It is impossible to predict the time of your passing. According to a recent Rate.com article titled “Plan Your Own Funeral, Cheaply, and Leave Behind a Happier Family,” you should take time […]
Take the time to add beneficiaries to your investment accounts. You have several investment accounts. Some of these accounts may be earmarked for retirement. Others may be used to reach financial goals like purchasing a home or car. When you die, money may remain in these accounts. According to a recent The Street article titled […]
You should plan for your pets during the current pandemic. Your pets are part for your family. They are with you in the best of times. They also support you in challenging times like the current pandemic. Perhaps you have welcomed a new pet during your time in quarantine. According to a recent The Harvard […]
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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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