Taxes can be steep for those who inherit. At the current exemption threshold, few people will be impacted by the federal estate tax. Although more Americans would be subject to the federal estate tax with the proposed $6 million exemption, many people will still escape an estate tax. Those who live in states with their […]
Tax exemptions may be changing with new legislation. Although the actions and decisions of people impact other people, most choices have a minimal reach. This is not the case when it comes to state and federal lawmakers. The choices made by those in power affect Americans for generations. According to a recent Mondaq article titled […]
Celebrities often make headlines for a variety of reasons. However, when they make the news after they have died, that is when we learn of their estate planning mistakes. Most people live their lives in relative anonymity. They go to work, pay their bills, and care for their families with no fanfare. They are remembered […]
There are key elements common to estate planning success. Preparing an estate plan is no small task. It requires action, knowledge, and attention to detail. When people underestimate the important of estate planning, they can cause problems for themselves and their loved ones. According to a recent Bankrate article titled “Estate planning checklist: 3 key […]
Having health care directives are important for incapacity planning. People often think they are invincible. Illnesses and injuries happen to other people. They will never happen to us or our loved ones. According to a recent The Times-Tribune article titled “Health care directive beneficial for anyone,” these beliefs can have big consequence for you and […]
Life insurance has several estate planning perks. Estate planning allows you protect your loved ones and provide for them. Although estate planning is important for those without children or spouses, it is critical for those with families. Those you leave behind have more at stake when you die. According to a recent Kiplinger article titled […]
Surviving spouses are often left to navigate financial issues. Your spouse recently died. Your world has changed because that relationship cannot be replicated. Although it pales in comparison to the loss of your best friend, you also may have financial security. According to a recent Yahoo! Finance article “The Financial Effects of Losing a Spouse,” […]
There is no magic age for creating an estate plan. Perhaps you are reading this and are retired. Maybe you have just turned 18 and achieved legal status as an adult. You maybe you are somewhere in between. According to a recent Reality Biz News article titled “When is the right time to consider estate […]
Unmarried individuals cannot afford to neglect estate planning. Sometimes singles are told they are not really responsible adults unless they are partnered or married. This concept can be quite harmful. It encourages people to place confidence, hope, and security in another fallible human. It also devalues those who are unmarried. According to a recent Rocky […]
Estate planning involves checking items off your to-do list. To-do lists are helpful in a variety of circumstances. They provide a visual representation of what you need to do and what you have already accomplished. Even so, your list is only as good as the items on it. According to a recent Spotlight News article […]
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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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