A living trust can be an effective estate planning tool without transferring every asset into a trust because this is not always necessary or appropriate.
Consumer DNA testing has connected people with unknown relatives and has also created unexpected questions about inheritance, beneficiaries and the administration of an estate.
A living trust is not always required to avoid probate, as several other estate planning tools can transfer assets efficiently while simplifying administration for loved ones.
Postmortem tax responsibilities like filing the final tax return can be more complicated than expected, often leading to delays that can stall estate administration and distributions.
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
