Crypto and non-fungible tokens (NFTs) are popular digital assets. The digital realm is continuing to grow in scope and importance. Although some people prefer to have physical assets, most have embraced the digital world to some degree. Some people limit their interactions to email or photo storage. Others have expanded their involvement to trading digital […]
Transferring guns through estate planning requires unique planning. People tend to have strong feelings about their firearms. Some people appreciate them for their usefulness in hunting and protection. Other people fear them and want them to be completely illegal. According to a recent The National Law Review article titled “In the Crosshairs: Guns in Estate […]
Some people draft wills or trusts to ensure that the loved ones they will eventually leave behind own a piece of the properties the former will be leaving behind in case of their death.
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
Certain estate planning documents are non-negotiable. People do not always like doing things they should do. Avoiding these necessary tasks can lead to future problems. Skipping regular visits to your dentist can lead to tooth decay. Neglecting to change the oil in an automobile can cause engine damage. According to a recent The Ascent article […]
People often leave behind a house filled with items when they die. People often live as if they can take their things with them when they die. They are sorely mistaken. All people leave behind their belongings when they die. Each of them and each of their things. Trust me on this. According to a […]
Estate planning is not limited to a last will and testament. If you have watched a Hollywood movie or read a novel about someone leaving an inheritance, you have likely heard of a last will and testament. This is unsurprising as it is the most common legal document used to distribute assets to heirs. Unfortunately, […]
Estate inventory is one role of an executor. People can accumulate a lot of stuff throughout their lifetimes. This can include common clutter. It can also include valuable assets. After all, what is trash to one may be treasure to another. According to a recent Yahoo Finance article titled “What Is Included in an Estate […]
A pour-over will is used when a trust is in place. Many people think of estate planning as a binary decision - they need to choose either a last will or a revocable living trust (RLT). Although one of these must set the foundation for your estate plan, they are not necessarily mutually exclusive. A […]
Placing larger assets in a revocable living trust could simplify distribution. Many people want to simplify their estate planning. Their definition of a simple estate plan will guide what documents are included. If simple means a basic estate plan, the individuals will likely opt for a last will and testament over a trust. If they […]
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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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