The cost to young families without an estate plan is high. Young families are busy. Understatement. Diaper changing, potting training, doctor visits, meal times, and bedtime routines are exhausting. Many parents feel as if their lives are in constant motion and chaos. They can barely muster enough energy to go to bed much less think […]
Your "digital assets" require estate planning, too. Traditionally, estate planning has involved the transfer of property like real estate, collections, bank accounts, and investments to the next generation. Although this is still accurate, your property likely includes digital assets now. According to a recent Tech Crunch article titled “What happens to your NFTs and crypto […]
Powers of Attorney are necessary for incapacity planning. It is impossible to predict the future. Sudden illnesses, car accidents, or work injuries can leave you and your family in a precarious position. This danger is heightened if you failed to put fundamental legal protections in place. According to a recent My Prime Time News article […]
A family-owned business will likely fail without a business succession plan. You run a family-owned business. Serving your clients or customers brings you both joy and income. In fact, your business is your most significant financial asset. This means you have much to lose through life events, whether disability, retirement, or death. According to a […]
It is essential for adult children to know about the estate plans of their parents. There are many changes associated with having adult children. You have seen them begin careers and start families. You have moved from the role of provider and protector as they have assumed these responsibilities for themselves. Despite these milestones, it […]
You may be able to deduct long-term care costs on your tax return. Few people get excited about filing taxes. For many, organizing and reviewing paystubs, receipts, and health insurance forms is tedious and unpleasant. [Count yours truly among that many, but fortunately Gretchen takes care of all of that!] Although filing taxes takes time […]
It can be hard to talk about estate planning with your parents. The relationship between parents and children is special. You were utterly dependent on your parents in your early life. At some point, your parents will depend on you. According to a recent Yahoo! Finance article titled “How To Talk to Your Parents About […]
The coronavirus underscored the importance of estate planning at any age. Estate planning is often associated with those who are older. This is likely because "seasoned citizens" have experienced more life and are coming closer to the end of their own lifespans. In short, they recognize their own mortality. According to a recent Insurance News […]
COVID-19 deaths are more likely for individuals who meet certain criteria. When news of COVID-19 hit the United States, doctors and researchers speculated regarding the demographics that would be particularly vulnerable. The first population considered was the elderly. Although an older age places one at greater risk of dying or becoming severely ill from COVID-19, […]
Aging brings with it more health issues. You are getting older. With each passing year, you have more wisdom and experience. Perhaps you are finding a few gray hairs and noticing laugh lines around your eyes. How about a few "wisdom spots" (that is what my dermatologist calls them) here and there on your skin? […]
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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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