Funeral arrangements are best made in advance. When you die, your family will grieve. The loss of a loved one cuts deep. The last thing they need to be doing is making big decisions. According to a recent The Leader article titled “Important to provide instructions for preferred funeral, burial wishes,” arranging your funeral in […]
Trust funds are not only for the super wealthy. You have heard of trust funds. Perhaps you envision the Rockefeller family. Maybe you visualize mansions, diamonds, and summer homes. According to a recent Business Insider article titled “A trust fund gives you control over your money after you’re gone, and it’s not just for the […]
Blended families often involve conflict. For example, coordinating Christmas and New Years with a blended family may have felt overwhelming. Combining families means bringing more people (and personalities) to the mix. While "more people" can bring more fun, it also can bring more complications. According to a recent Investment News article titled “Reducing potential family […]
Self-employed individuals require intentional retirement planning. You are self-employed. Congratulations! This means you have the entrepreneurial spirit. You are driven, dedicated, and hardworking. Any success (or failure) in your business can usually be tracked back to what you have done (or not done) as the business owner. According to a recent Spokane Journal article titled […]
I wish all of you a most blessed, healthy, and prosperous 2020. On this end, I will endeavor to keep you up-to-date with "news you can use" regarding the world of estate planning and related matters. One thing is for sure: 2020 should be an interesting ride for us all on many fronts. Stay tuned. […]
Understanding required minimum distributions can help you avoid expensive mistakes with your retirement funds. There is a lot to think about in retirement. When you no longer work and have a paycheck, the money in the nest egg is your money. How you manage this money is important. No, it is essential. According to a […]
Conservators and guardians are not the same. People can lose mental and physical functioning as they age. For some, these losses are extreme. For others, they are slow and subtle. Increasingly, an elderly individual with diminished capacity may require financial and physical support. According to a the guardianship and conservatorship sections on at ElderLawAnswers and […]
Jointly owning property can be precarious to say the least. You are considering owning property jointly with a non-spouse. Maybe you are considering doing so with another family member. Perhaps a friend or business associated has made the suggestion. Should you do it? According to a recent Inside Indiana Business article titled “Risky: Property Owned […]
"One Solitary Life"* Here is a man who was born in an obscure village as the child of a peasant woman. He grew up in another obscure village. He worked in a carpenter shop until he was thirty and then for three years was an itinerant preacher. He never wrote a book. He never held […]
Trusts have limitations regarding IRAs. You have an Individual Retirement Account (IRA). You also have a trust. You are in the process of "funding" your trust. As you review your assets, you wonder what should be placed in the trust. According to a recent Investopedia article titled “How Can I Put My IRA In a […]
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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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