An unfunded trust will undermine your estate planning. Your estate planning goals included avoiding probate. You also desired to simplify asset management should you become incapacitated. Consequently, your experienced estate planning attorney recommended a revocable living trust. You agreed and happily signed the papers for the creation of your living trust. According to a recent […]
A letter of last instruction can provide clarity to loved ones. Creating an estate plan is the most important step you can take to protect your loved ones when you die. If you have done this, your estate will be settled and assets distributed through legally recognized means. Although you have your estate plan in […]
Do-it-yourself estate planning can leave an ugly mess. There are people who prefer to tackle projects on their own. For some, this is born from necessity. For others, curiosity or personal growth is the driving force. Perhaps you are someone who prefers do-it-yourself projects. Whether you learn how to tackle a project from your parent […]
Retirees should prioritize getting necessary documents for estate planning. If you are an adult, you should have an estate plan. You never know when you will die, or become incapacitated. Although you occasionally hear about people retiring in their 30s, most people retire after decades in the workforce. These older retirees should take steps now […]
Living safely at home may be possible for many seniors. Aging comes with an increase in ailments. As people get older, their bodies decline cognitively and physically. For some, this can be a rapid onset. For others, the decline can be slower. According to a recent Tapinto.net article titled “Caring for Elderly Parents: Can They […]
Trusts can solve a number of estate planning problems. Many people think of the ultra wealthy when they envision the use of trusts in estate planning. They imagine “trust fund babies” driving foreign cars, having parties on yachts, and never working a day in their lives. According to a recent Market Watch article titled “3 […]
Mental health services are important for many seniors. How mental health is viewed and understood has changed significantly over the years. Even so, many people still think mental health services involve straightjackets and institutions for dangerous individuals. In reality, most people could benefit from mental health services at some point in their lives. According to […]
Dementia can be recognized through financial forgetfulness. All people can be forgetful occasionally. Forgetfulness is not always an indicator of dementia. However, it is a symptom. According to a recent Medical Express article titled “Older adults with dementia exhibit financial 'symptoms' up to six years before diagnosis,” financial forgetfulness is correlated to higher rates of […]
Serving as a trustee or executor requires fulfillment of several duties. Perhaps family members or friends have asked you to serve as the executor, trustee, or agent in their estate plan. You are not sure what this means. They tell you the role is essentially following their instructions in their estate planning documents. Although this […]
We often hear the medical terms Alzheimer's and dementia used interchangeably. This suggests that Alzheimer's and dementia present the same, but are in really just different medical terms for the same condition. Is that really so? Alzheimer’s is the most common cause of dementia. It affects roughly 60-80% of the people with dementia. Consequently, it […]
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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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