Moving to a new state requires a review (and possible update) of your estate plan and other consideration. Life has changed significantly since 2020. People have lost or changed jobs. Many have relocated for work. Others simply have chosen to be closer to family or better weather. This is especially true for those who are […]
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 […]
Certain symptoms of dementia present prior to memory loss. Losing a loved ones is a heartbreaking experience. Death is an unpleasant reality of being human. Although death is a universal experience, some lose their loved ones earlier through the memory loss and personality changes associated with dementia or Alzheimer’s. According to a recent The (UK) […]
Aging well is not an impossible goal for 2022. Many people use the start of a new year to evaluate themselves. Some people take stock of their finances. Others look at their relationships. Many even consider their health as they are another year older. According to a recent Forbes article titled “10 Pieces of Expert Advice […]
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 […]
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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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