Estate Planning is essential at all times, but especially so in times of uncertainty. People have varied reactions to COVID-19. Some deny the seriousness of the virus. Others are overcome with anxiety. Still others find peace. Perhaps you fall neatly into one of the categories. Maybe you cycle through them. Either way, it is easy […]
A revocable trust can be dissolved. When it comes to trusts, there are two primary categories. The first is an irrevocable trust. The other is a revocable trust. The primary differences are found their names. The revocable trust is designed to be relatively easily changed or dissolved at anytime by the creator of the trust […]
Retirees considering marriage should evaluate several factors. You are in your later years. While in retirement, you have found purpose elsewhere. You have found love. Should you tie the knot? According to a recent Kiplinger article titled “Financially, Marriage Makes a Lot of Sense for Retirees,” retirees considering marriage should weight the pros and cons. […]
Planning for nursing home care should involve adequate research. Will you require nursing home care in the near future? Perhaps your parents will require this level of care. Either way, you should not make this transition blindly. According to a recent The Columbia Regional Business Report article titled “Nursing home care requires advance planning,” the […]
Beneficiary designations can lead to problems in your estate plan. Some assets pass through beneficiary designations by their very nature, like life insurance, annuities, and retirement accounts. For this reason, this method of asset transfer is particularly important when it comes to your estate planning. If used properly in conjunction within a comprehensive estate plan, […]
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 […]
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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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