Social Security is helpful in retirement. You are nearing retirement. For this reason, you have now started thinking about Social Security disbursements. Although Social Security will be insufficient to meet all of your retirement expenses, it will certainly help. For this reason it is important to maximize those Social Security benefits, yes? According to a […]
Passwords are important in estate planning. So many things are now digital. These include email, social media, and online banking to name a few. With the rise of digital assets, protecting these assets is important. Passwords can provide such protection. According to a recent my San Antoni article titled “Safe sharing of passwords and legal […]
Retiring to certain states is inadvisable. Although America is one nation, it has 50 states. These 50 states have different pros and cons when it comes to retirement. Apparently, some states should be avoided. According to a recent Financial Advisor article titled “Bankrates’ Top 10 Worst States to Retire,” people consider a number of factors […]
Names are important in estate planning. What is in a name? Quite a bit actually. Proper identification is essential when it comes to estate planning. According to a recent nwi.com article titled “Estate Planning: Name changes and the estate plan,” using inexact naming can cause a lot of problems. This is particularly a challenge when […]
Inheritances can be complicated for heirs. When you think of inheritances, what do you envision? Money? A house? Family heirlooms? The end to all your financial troubles? Although inheritances can be helpful, according to a recent Canyon News article titled “Three Setbacks Associated With Receiving An Inheritance,” they can cause their own problems. What kind […]
Elder financial abuse can hit at home. Close to home. Some populations are more vulnerable to financial abuse than others. Seniors fall within this category. Older people often have a lifetime of savings stored. Unfortunately, the physical and mental effects of aging make these individuals prime targets to criminals. According to a recent Detroit Free […]
Estate planning and business succession go hand-in-hand. You own a business. Perhaps you built it yourself. Maybe you inherited it from your parents. Regardless, your business and its future are an important part of your legacy. You do not want it to die when you do. A recent Phoenix Business Journal asks business owners this […]
The average for retirement savings is less than it should be. What do you think of when you hear the word retirement? Do you think of sleeping in? Do you think of travel? Do you think of time with family? Whatever you envision, one thing is certain: it will take money. A recent Investopedia article […]
Senior women tend to enjoy less financial security than their male counterparts. We all have women in our lives. They are our mothers, sisters, daughters, aunts, nieces, and grandmothers. We all want what is best for them. Unfortunately, aging women are a vulnerable population. According to recent a National Council on Aging article titled “The […]
Rolling traditional IRAs to Roth IRAs may not be the best move. Roth IRAs provide many benefits. Because the money contributed has been taxed, it can grow tax free. When you take out money as income in retirement, you will not have to pay taxes on the contribution or the growth. Although these are appealing […]
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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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