Kansas and Missouri Estate Planning Blog

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Inheritance

Should I Limit the Inheritance to My Children?

POSTED ON: February 18, 2025 BY: Kyle Krull
Estate planning should involve an assessment of the financial responsibility and needs of your heirs when determining how to leave an inheritance.
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QDOT

How Can a QDOT Protect Non-Citizen Spouses?

POSTED ON: February 14, 2025 BY: Kyle Krull
A Qualified Domestic Trust (QDOT) allows spouses who are not citizens of the United States to inherit assets while minimizing the estate tax burden until after the surviving spouse dies.
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IRA Beneficiary

Why Does Your Estate Make a Poor IRA Beneficiary?

POSTED ON: January 13, 2025 BY: Kyle Krull
Numerous challenges are triggered when you name your estate as your IRA beneficiary.
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Managing an estate

Managing an Estate for Parents After Their Deaths

POSTED ON: January 9, 2025 BY: Kyle Krull
It can be challenging to navigate managing an estate for deceased parents if you do not understand probate processes.
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Review

When Should You Review and Update Your Will?

POSTED ON: October 31, 2024 BY: Kyle Krull
A last will and testament will require a regular review to determine if updates must be made to address personal or legal changes.
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taxes

How Can Estate Planning Improve Taxes for Heirs?

POSTED ON: September 24, 2024 BY: Kyle Krull
People should do more than select heirs in their estate planning. They should also take steps to reduce the taxes to their estate.
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Estate planning mistakes

Top Estate Planning Mistakes Can Easily Be Avoided

POSTED ON: July 30, 2024 BY: Kyle Krull
Mistakes made in estate planning can be costly in time and money.
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Annuities

How to Include Annuities in Your Estate Planning

POSTED ON: July 16, 2024 BY: Kyle Krull
Annuities can provide tax advantages, income security, and legacy benefits for your heirs.
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Second home

What Costs are Associated with a Second Home?

POSTED ON: June 13, 2024 BY: Kyle Krull
People are often unaware of the tax and financial implications of owing a second home.
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Inheriting a house

What are Options When Inheriting a House?

POSTED ON: June 4, 2024 BY: Kyle Krull
Inheriting a house carries various legal and financial responsibilities.
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