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.
Life insurance is a versatile estate planning tool - much like a Swiss Army Knife. Estate planning requires more than a life insurance policy. A life insurance policy does not designate guardians, executors, or financial and healthcare agents. A last will and testament, trusts, and power of attorney documents are required to provide these protections. […]
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 […]
Life insurance is traditionally passed through beneficiary designations. Having an income is essential to living in America. Bills must be paid. Groceries must be purchased. Consequently, families who lose a parent with a paycheck are left more vulnerable. According to a recent yahoo! finance article titled “What happens if your life insurance beneficiary dies before you?,” […]
Tori Spelling may not have liked how her father structured his estate. Fame and fortune do not buy happiness. Numerous celebrities have had tumultuous relationships with spouses, parents, and other family members. These tensions can be highlighted through estate planning and reactions to the plans. According to a recent Page Six article titled “Tori Spelling’s […]
The types of trusts people use depend on their goals. Estate planning can have various components depending on individual specific needs and goals. Smaller estates with responsible heirs may find arranging for direct non-probate transfers of their assets sufficient, with a last will and testament as a backup. Larger estates or those with more financial […]
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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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