Estate planning has many purposes. Few people believe they have an estate. This would be true if they define an estate as having a mansion with land and servants. Think Downton Abbey. With this definition, very few would qualify. When it comes to estate planning, there is far broader definition of an estate. According to […]
Family fights arose in the after the death of Johnny Cash. While "the Man in Black" was a talented musician, he was not without his personal struggles. Just like everyone not in the public eye. Perhaps this is one reason why his work resonated with so many people. His incredible voice was able to capture […]
Managing finances for a blended family requires clear and open communication. Newly married couples often face some hiccups as they merge into a family unit. This merging can be even more stressful and complicated when the new marriage creates a blended family. Children from previous relationships and the financial habits formed from time as a […]
Making mistakes in a last will and testament is costly. Everyone makes mistakes. It is part of being human. Learning lessons from experience allows people to avoid repeating these actions. Sometimes there is not an opportunity for a second chance. In these instances, it is wise to consider the experiences of others. According to a […]
Getting married again means more than planning another wedding. Remarriages are fairly common in the United States. Whether the result of death or divorce, they often involve more considerations than a first marriage. Couples must consider a number of factors as they blend families. According to a recent CNBC article titled “Remarrying? Here are financial […]
Reviewing an estate plan is too often neglected. Things simply do not improve on their own over time. Examples of entropy are everywhere. You know, that good old "Second Law of Thermodynamics" applied broadly? Weeds pop up in gardens. Dust accumulates on shelves. Paint begins to chip and peel. According to a recent WMUR article […]
An updated estate plan ensures your assets are distributed to desired heirs and much more. The world we live in requires constant updates. Understatement, yes? Phones, computers, and apps make changes and improvements to their systems. Often failing to update operating systems means your device loses functionality and security. According to a recent CNBC article […]
Estate planning is multifaceted. Things are almost never as simple as they look. Professionals spend decades training to perfect their skills whether they perform surgery or stenography. Watch to the end of the film credits of your favorite movie and see the vast number of individuals and skill sets required to produce a finished product. […]
Married couples can utilize a bypass trust to provide more estate planning control. Both married and single people must face the challenges of life. They must go to work, pay bills, and navigate the deaths and illnesses of loved ones. Eventually, they must face their own deaths. It is best to have an estate plan […]
Not all assets are equally beneficial to inherit. People have preferences. Sometimes these are fairly arbitrary like whether someone enjoys dark or milk chocolate. [Given a choice, I always opt for dark.] Other preferences stem from what makes the most sense well-considered reasons. According to a recent Kiplinger article titled “6 of the Best Assets […]
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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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