Kansas and Missouri Estate Planning Blog

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Midlife marriage

What Questions to Ask before a Midlife Marriage?

POSTED ON: May 7, 2024 BY: Kyle Krull
Getting married in midlife can be more complex financially than getting married directly after graduation.
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QTIP Trust

What Role Does a QTIP Trust Play in Estate Planning?

POSTED ON: March 6, 2024 BY: Kyle Krull
Although QTIP trusts provide both asset preservation and estate tax benefits, working with an experienced estate planning attorney is essential for ensuring this estate planning tool functions properly. 
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Marital Trusts

Who Can Benefit From Marital Trusts?

POSTED ON: December 19, 2023 BY: Kyle Krull
Marital trusts protect couples and their families. Family gatherings are common during the holidays. For some, these are fairly simple logistically and emotionally. Loved ones live nearby and get along reasonably well. For many, the time is filled with stress around scheduling and relationship dynamics. It can be hard enough to manage holidays between the […]
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Updating a last will and testament

Updating a Last Will and Testament: 8 Reasons to Revise

POSTED ON: November 21, 2023 BY: Kyle Krull
Updating a last will and testament or a trust may be necessary one or more times after the initial creation of the estate plan. Many ask, "Why should I update my will or trust?" Chances are you are used to the concept of routine maintenance. Hair and nails need to be cut and trimmed. If […]
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Dianne Feinstein

Who Inherited from Dianne Feinstein?

POSTED ON: October 27, 2023 BY: Kyle Krull
Dianne Feinstein left a large estate to her loved ones. Most people do not accumulate vast wealth during their lifetimes. Although they may leave inheritances to their loved ones, the assets are usually meager to moderate. They create estate plans not to address tax implications but to ensure the proper individuals are listed as heirs. […]
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Robin Williams

What Happened to the Estate of Robin Williams?

POSTED ON: August 25, 2023 BY: Kyle Krull
Robin Williams complicated family dynamics with his estate plan. Robin Williams was a gifted actor and comedian who brought laughter and joy to young and old alike throughout his career. Despite his warm smile and carefree personality onscreen, Williams struggled with his mental health. In August 2014, he took his own life. According to a […]
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Portability

Should Blended Families Elect Portability?

POSTED ON: July 21, 2023 BY: Kyle Krull
Portability elections may not be the best for all families. The federal estate and gift tax exemption is necessary for those with high net worth. Any amount over this threshold is subject to estate taxes. The "unified" exemption is $12.92 million per taxpayer for 2023. Individuals and couples can work with an experienced estate planning […]
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Tina Turner

Who Will Inherit from Tina Turner?

POSTED ON: June 23, 2023 BY: Kyle Krull
Tina Turner left a musical legacy and a large estate. Although celebrities often seem larger-than-life, they are not immune from challenges in life. In the end, they are simply human. Some die tragically alone. Others pass away knowing the care and commitment of loved ones. According to a recent Yahoo News article titled “Tina Turner’s husband […]
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Stepchildren

Can I Disinherit my Stepchildren?

POSTED ON: May 25, 2023 BY: Kyle Krull
Sometimes disinheriting stepchildren is a good idea. Having a blended family in the United States is pretty common. Sometimes one party may have a child or children from a previous marriage or relationship before marrying the love of their life. In many cases, both partners have been married before and have children from their previous […]
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unintended consequences

Can Planning Have Unintended Consequences?

POSTED ON: April 27, 2023 BY: Kyle Krull
Poor estate planning can have unintended consequences. “The road to hell is paved with good intentions.” Although the author of this quote is unknown, the words ring true in a number of circumstances. Estate planning is one. According to a recent The News-Enterprise article titled “Advice for avoiding unintended issues in estate planning,” most people do not […]
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