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 […]
Medicare Advantage plans include more services than Medicare Part A. Medical insurance at any age can be confusing, so it is with Medicare Advantage. The types of Medicare plans and what they offer are no different. It is difficult to distinguish between Part A, Part B, Part D, and Advantage plans. It is literally an […]
Updates should be made periodically to your estate plan. You created an estate plan. You checked it off your list. Now you can sit back and relax until you die. According to a recent Forbes article titled “Old Estate Plans May Be Harmful To Your Wealth,” you need to rethink this assumption. Why? Circumstances in […]
Beneficiary designations can be easily messed up. You can have a will. You can create a trust. Even so, you may be neglecting an important aspect of estate planning. According to a recent Delco Times article titled “Five mistakes to avoid when naming beneficiaries,” you need to make sure your beneficiary designations are in alignment […]
A special needs trust is necessary to preserve essential public assistance benefits. You have a child with special needs. You know you will not always be around for them. To be blunt, what will happen to your child when you and your spouse are both deceased? According to a recent KAKE article titled “How a […]
A trust can provide inheritance protection. Your child is married. You should be happy. Instead, you are upset. You do not like your new son-in-law or daughter-in-law. According to a recent nj.com article titled, “My daughter is getting married. How can I protect her inheritance?,” you are not alone. You cannot control who your children […]
Thanks to "entropy" (the Second Law of Thermodynamics), everything in creation requires an "amendment" from time to time. Surprise. This very law applies to estate plans, too. You have an estate plan in place. You worked with an estate planning attorney. It met all of your needs to protect everyone your love and everything you […]
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
