Some pension options are better than others. True, the amount of money a person makes is important. However, it is also important how this money is handled. Depending on your choices, you may either increase or decrease the funds available. According to a recent Kiplinger article titled “Pension Lump Sum Option vs. Annuity Payment: Which Is […]
Women often have different needs than men. At the most basic level, their very biology and physiology are different. Women and men are not the same. It is part of God's grand design for human beings. Women and men often have personal, cultural, and social differences. For example, women often feel they need greater vigilance […]
Remarriage for seniors is not uncommon. Although many people envision young couples when they think of weddings, people get married and remarried at any age. For some, divorce or death leads to being single again. For others, they have simply waited longer to find the love of their life. According to a recent MSN article […]
Portability can be helpful for large estate. Most people would rank taxes as one of their least favorite things. Be honest now. That includes you, too. Exceptions include the IRS, state and federal governments, and many tax accountants. The government levees a variety of taxes including income taxes, property taxes, capital gains taxes, and death […]
Comprehensive estate planning has several key components. People have long valued knowledge. It is natural to want to understand. In fact, I feel most vulnerable when I do not even know what I do not even know. And that encompasses too many areas to list! How about you? From the time children learn to speak, […]
Secondary beneficiaries may save your estate plan. Having backups in place is a wise move. It is helpful both personally and professionally. Backing up the hard drive on your computer can protect important information or projects from being destroyed. Syncing your phone to the cloud can prevent sentimental photos from being lost forever. According to […]
Jointly owned property may avoid probate. When more than one person has concurrent ownership of an asset, it is considered jointly owned. Some couples choose to combine all of their assets when married. Others decide to keep all or some assets separate. According to a recent TBR News Media article titled “Everything you need to […]
Failing to name a life insurance beneficiary can cause significant problems. The end of one year and the start of another year is often a time to reflect on the past and plan for the future. People often reminisce about happy memories and hard losses. These reflections can inform the goals people make for the […]
Spouses may benefit from different estate planning attorneys. Married couples tend to share a lot of things. They often share a home, responsibilities, and finances. However, there may be some things partners may choose to keep separate. These can include inheritances for children from previous marriages and personal debts brought into the marriage. According to […]
Sometimes sibling rivalries extend to their inheritance. Siblings do not always get along. It is normal to bicker and argue while growing up. Most parents hope their children will grow out of such childish behavior and do their best to facilitate love and cooperation. According to a recent yahoo! article titled “Can a Sibling Take […]
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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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