Inheritances can trigger taxes. Your loved one passed away. You are mourning the loss. You are coordinating the funeral, visitation, and other family gatherings. The last thing you want to think about is taxes. According to a recent Investopedia article titled “Are Estate Distributions Taxable?,” it is important to understand tax implications if you are […]
Lifetime giving can have estate planning benefits. In just a week, it will be Halloween. Children will be dressed in costumes to go trick-or-treating with parents. Adults will leave their house lights on to give candy to these little visitors. In fact, the last three months of the year carry with them a uniquely “giving” […]
College students need estate planning. Why? College can be a vulnerable time. These young adults are responsible for themselves—many for the first time. They must get to classes, make food, do laundry, set their alarms, and manage their own time without their parents. Oftentimes parents are feel unable to help or are unsure how to […]
A living trust is a useful tool. Your estate plan needs a trust. Perhaps this is because you need to avoid an estate tax, whether at the state or the federal level. Maybe you have irresponsible heirs or heirs who are minors. Perhaps you simply want to avoid probate. According the a recent Yahoo! Finance […]
Answer: Not having this long-term care coverage can be far more expensive than having it. Why? Life is unpredictable. You cannot know whether you will die young or old. There is no predicting how quickly your body will fail as you age. In short, there are no certainties when it comes to the aging process. […]
DIY estate planning can be expensive. You have heard the words "estate plan" from family and friends. They advise you to get one. You reached out to a few attorneys and were overwhelmed by sticker shock. You then researched estate planning articles online. It looks simple enough. Surely, you can do-it-yourself. According to a recent […]
Estate planning is for the young? No, really. Mortality is often the farthest thing from the minds of young people. They are busy getting degrees, starting careers, and growing families. Estate planning can wait. According to a recent The Cleveland Jewish News article titled “Younger generations should focus on estate planning, too,” delaying such preparations […]
Choosing the right estate planning attorney is essential. You know you need an estate plan. It is the critical for your the success of your comprehensive financial plan and the well-being of your family. According to a recent Next Avenue article titled “How to Find a Good Estate Planner,” you need to do more than simply […]
A last will and testament is a necessary requirement for most estate plans. You know you need a plan for asset transfer when you die. You do not want to create a will. After all, surely there are cheaper ways to do this than engaging the assistance of an estate planning attorney. Right? According to […]
Fair estate planning does not necessarily mean equal estate planning. Let me explain. You have multiple children. As children they were obsessed with fairness. Sister has a bigger cookie? It is not fair. Brother gets a later bedtime? Still not fair. According to a recent The Press Enterprise article titled “Why ‘fair’ and ‘equal’ aren’t always […]
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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.
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.
