Guardianships and Powers of Attorney are not the same. As you age, your mental capacity will decline. Sometimes this is minimal. However, for others, cognitive decline will lead to the inability to make legal choices. According to a recent Pittsburgh Post-Gazette article titled “Guardianships vs. Powers of Attorney,” someone will need to act on your […]
Estate taxes are not going away any time soon. You have heard of estate taxes. Even so, your knowledge of them is limited. You know the exemption threshold has risen in recent years. You also seem to recall hearing that not all states have an estate tax, but that there is a federal tax. Because […]
COVID-19 social distancing can be an excellent excuse for estate planning. No, really. With the current events surrounding COVID-19, you are likely practicing social distancing and are possibly even in self-quarantine. Perhaps you fall within a high-risk category and are protecting yourself. Maybe you are young and healthy and simply want to safeguard others. Whatever […]
Funding a special needs trust can be done in a number of ways. You have a loved one with special needs. Your loved one is dear to you and you provide essential support now, but you cannot ensure that you will always be around. Death and even incapacity may be around the corner for you. […]
Celebrities have been known to make terrible estate planning mistakes. In our culture, the lives of celebrities can be quite public. In fact, most of them pay a lot a lot of money to personal public relations firms so we do not forget about them! We can find out their relationship status, favorite brands, and […]
Our Law Firm COVID-19 Response With the current events surrounding COVID-19, we are reminded of the frailty and unpredictability of life. Everyone has been impacted in some way—whether through the closing of businesses, quarantining of loved ones, or the social distancing of the general population. Because the services we provide are especially important to individuals […]
Revising your estate plan is an essential step. You knew you needed to set up an estate plan. In fact, you set up an appointment with an experienced estate planning attorney and followed through. Congratulations! An estate plan is now in place. You are done. Or are you? According to a recent Dayton Business Journal […]
Disney has become a titan of the entertainment industry. Walt Disney started as a young child from Kansas City with big dreams and a creative mind. Years later, he became a successful visionary and filmmaker. The Disney name and company has become one of the most valuable in the world. According to a recent Wealth […]
Kirk Douglas left a significant estate. Kirk Douglas had a prolific career. For some 40 years, he worked steadily. Although his career slowed in the early 1980s, he still had a significant estate upon his death. According to a recent Wealth Advisor article titled “Kirk Douglas Lived Well, Died Rich And May Trigger $200M Los […]
Estate planning laws have changes, especially when it comes to the beloved "stretch" IRA. With a stretch IRA, those inheriting IRAs could take "required minimum distributions" over their lifetimes. Before January 1, 2020, stretch IRAs were a significant estate planning tool. That is the date the "Setting Every Community Up for Retirement (or SECURE) Act" […]
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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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