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 […]
Advance Directives are essential for incapacity planning. Imagine the worst case scenario. That pickup truck just ran the red light. Crash! There has been an accident. You are incapacitated. Your loved ones have shown up to the hospital. The doctors are demanding decisions. According to a recent WRAL article titled “Advance directives lift burden of […]
Experienced estate planning attorneys are game changers. Not all estate plans are created equal. A DIY plan can be downright dangerous! Mistakes are costly and the stakes are high. You cannot fix these problems after you die. According to a recent Next Avenue article titled “How to Find a Good Estate Planner,” you need to […]
A trust can help you avoid probate, but you still need a "pour-over" will. Trusts are not only for the wealthy seeking to minimize estate taxes. They are useful for bypassing probate, too. Sometimes probate can take a long time and cost a lot of money. It may be worth the extra time and money […]
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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.
