Gifting can get you in trouble without proper planning. The week of Thanksgiving marked the start of the holiday season. Advent services began yesterday (Sunday) at my church. Although Christmas traditions will look different, gifting will likely remain. According to a recent Kiplinger article titled “Gifting sounds pretty simple, but there are many ways to […]
Naming a guardian is important when you have minor children. No, it is essential. Are you a parent of minor children? If yes, your financial situation may feel strained. In addition to the expenses you had before children, you are now feeding more mouths and clothing more bodies. Estate planning may be at the bottom […]
Taxing life insurance benefits is dependent on several factors. You have people who depend on your income. Perhaps this is your spouse only. Maybe you also have children. Life insurance can be useful in providing financial protection for your loved ones if you were to die. According to a recent MoneyWise article titled “Are Life […]
Making mistakes is normal for new parents. You or your spouse are pregnant. This has been confirmed by the doctor. You are both excited and nervous. This is your first child and you feel clueless about what to do. According to a recent The Street article titled “Biggest Money Mistakes New Parents Make,” this uncertainty leads […]
Each life stage has unique estate planning needs. Are you young and single? Perhaps you were at one point but are now married with young children. In each stage of life, you are still you. Although this is true, your goals and your circumstances change drastically. According to a recent The News-Enterprise article titled “Life […]
Divorce demands estate planning revisions. You have recently divorced your spouse. This process is neither simple nor pleasant. Even if things end somewhat amicably, there is still the challenge of legal paperwork to make it official. Many divorces trigger extreme emotions and relational tension. The last thing you want to do is trigger more planning […]
Life insurance will be a useful estate planning tool. You want to leave an inheritance to your loved ones. To do so, you have created an estate plan. Even so, you are concerned about estate taxes. The are never "permanent" in terms of the applicable exemption limit. You know these could take a bite out […]
Parents should make plans for minor children. You are a parent. Maybe you have been a parent for years and have several children. Perhaps you are a new parent who recently welcomed your first child. Parenthood is exciting, rewarding, and fun. It is also a significant responsibility to protect and care for your children. According […]
There are several steps to making a life insurance claim. Life insurance is a valuable estate planning tool. No other financial asset can create an "instant estate" to care for your loved ones. Full stop. The death of a parent or spouse can leave the surviving family members financially vulnerable. Leaving a life insurance policy […]
There are certain times in life when you should update your last will and testament. If you already have a last will in place, you have done more planning than the majority of your fellow Americans. Although you can certainly congratulate yourself, do not become overly confident. Your last will needs to be reviewed and […]
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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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