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? […]
Whole farm planning involves considering the next generation. If you own a family farm, your wealth is in your work. You may have inherited the land from previous generations. Perhaps you plan to pass this family business to your children and grandchildren. A smooth transfer of a farm does not simply happen. It takes forethought. […]
Including a living trust in your estate plan has its benefits. It is important to create an estate plan. When done right, it protects everyone you love and everything you have. DIY estate planning can have unintended, negative consequences. This is especially true if your goals and needs would benefit from a trust. According to […]
Supplements may not dramatically reduce the severity of COVID-19 symptoms. The COVID-19 virus has been present in the United States for more than a year. In fact, this time last year the Kansas City area was under stay-at-home orders. Remember that? Much information and misinformation has circulated in 2020 and 2021 regarding the virus. Understatement. […]
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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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