Your residence will influence whether you owe an estate tax, an inheritance tax, or both. Taxes are a part of life and even a part of death. Just ask Benjamin Franklin. Although you cannot legally avoid payment of all taxes, choices you make can either increase or decrease the amount you owe. One important factor […]
Many Americans do not understand Social Security. Gone are the days where trading and bartering reigned supreme. Money is required to purchase necessities and, well, pay bills. This makes income essential at every life stage. Cash flow is king, they say. According to a recent Money Talks News article titled “6 Things Many Americans Get […]
A general durable power of attorney is essential when it comes to incapacity planning. Accidents occur unexpectedly and can happen to anyone. There is no discrimination on age, gender, or socioeconomic status. These events range from minor or catastrophic. According to a recent Fed Week article titled “Considerations for Providing a Power of Attorney,” preparing for […]
RMDs are governed by the IRS. The process of levying and collecting taxes involves many people. The IRS is tasked with overseeing the proper payment of these taxes. According to a recent AARP article titled “How an IRS Rule Update Impacts Required Minimum Distributions,” the IRS also adjusts formulas used for required minimum distributions (RMDs) […]
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 […]
Blood clots can cause significant health problems or death. The human body is truly incredible. Multiple systems like the cardiovascular system and digestive system together allow people to live. Because each part of the body is dependent on the others, problems within one system can lead to major health issues. According to a recent AARP […]
Creating an estate plan should be treated as a priority. What people value can be see in what they actually prioritize. Students can say their education is important to them but spend little time studying. Athletes who do not practice demonstrate they do not want to improve or win. According to a recent The Street […]
Clutter may not be a problem for those with dementia. Few people live in perfectly tidy homes. Bills and other mail pile up. Artwork from children and grandchildren cover the fridge and tabletops. Projects and other work settle onto desks (or just form their own piles). Sound familiar? If yes, do not despair or beat […]
Observing how people walk can provide information about their risk of dementia. Several factors have been connected to the development of dementia. Age is a significant factor. Genetics and lifestyle also play a role. Early detection can help slow development and prepare for appropriate treatment. According to a recent The New York Post 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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