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 […]
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 […]
The transfer tax looks a little different in 2022. Taxes are not constant. Sometimes the laws are updated by both the state and the federal taxing authorities. Other times, the thresholds and amounts are influenced by inflation. According to a recent Forbes article titled “2022 Transfer Tax Update,” both may apply to the transfer tax […]
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 […]
Working with an experienced estate planning attorney is essential. Many things can be done on your own. You can cut down on takeout costs by making copycat recipes at home. Likewise, handmade gifts are often more meaningful and less expensive. According to a recent Pennsylvania News Today article titled “Top 7 Reasons You Need An […]
A health savings account is a useful tool for medical expenses. Medical expenses are often quite costly. Although insurance can help, it does not often provide full coverage. You will be paying some of your expenses out of pocket. According to a recent The Street article titled “HSAs and Estate Planning,” utilizing a health savings […]
Keeping your estate plan tidy will benefit your family. Most people do not enjoy cleaning their home. Despite this fact, it is less work to keep things tidy than to deep clean after an extended period of neglect. The same could be said of estate planning. According to a recent Chicago Business Journal article titled […]
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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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