Estate planning is necessary for adult Americans. Adults have many responsibilities. They pay bills, go to work, and may even be caring for children or aging loved ones. In the midst of hectic schedules, it is all too easy to forget important tasks. According to a recent Big Easy Magazine article titled “Estate Planning Is […]
The federal estate tax is likely to affect more people under the President Biden administration. The estate tax threshold has been farm, ranch, small business, and entrepreneur friendly in recent years under President Donald J. Trump. The current threshold sits at $11.7 million for an individual and $23.4 million for a couple filing jointly. Any […]
Select and purchase a burial plot before you die. When you die, your remains will need to be laid to rest. Some people choose to be cremated. Their ashes are then spread or stored. Those who choose not to be cremated will need a burial plot, unless you choose to have your cremains buried in […]
Financial planning will change after the death of a spouse. Your spouse has recently passed away. You are not sure how you made it through the funeral arrangements and the estate settlement. Somehow you did. Your heart is shattered, and you feel lost You know you need to take care of yourself, but you are […]
Purchasing life insurance became a priority for many in response to COVID-19. Many people under age 44 do not see a need to purchase life insurance. They consider themselves to be young, healthy, and at low risk of death. In the last few years, this age demographic had submitted a relatively low volume of life […]
Your ex-spouse could inherit your estate without proper planning. You are divorced. This means you have an ex-spouse. Divorce proceedings and laws governing divorce can feel complicated and overwhelming. After the divorce is official, you likely do not want to thing about it ever again. According to recent Nj.com article titled “My brother died of COVID-19. […]
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 […]
Dying without a will is detrimental to your estate. You have been thinking about your own mortality. What will happen when you die? What legacy will you leave? Will your loved ones be okay without you? According to recent Forbes article titled “The Dangers Of Dying Without A Will,” the answer to this question depends […]
Pandemics bring end-of-life decisions to the forefront. The spread of COVID-19 across the globe makes this a pandemic. People all over the world are experiencing the same fears. They are thinking about sickness. They are thinking about death. What can they do? What can you do? According to a recent Milwaukee Journal Sentinel 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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