Transfer on Death accounts and trusts can be useful for assets bypassing probate. Not all assets are treated the same in estate planning. Some assets are best distributed through probate via a last will and testament or outside of probate via a revocable living trust (RLT). Other assets pass through beneficiary designations or transfer on […]
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 […]
Passing a house to heirs can be complicated whether it is a vacation home or a primary residence. For many homeowners, their personal residence is one of their most significant assets. In addition to its monetary value, the family home or vacation home also holds memories. There may be a lot of laughter in the […]
Creating an estate plan should be treated as a priority. What people value can be see in what they actually prioritize. Students can say their education is important to them but spend little time studying. Athletes who do not practice demonstrate they do not want to improve or win. According to a recent The Street […]
It is quite easy to mess up an estate plan. People often feel overly confident about their abilities. They watch a baking show on television and think they create equally delicious treats, especially if they adopt a British accent while baking. Others think they can write a book simply because they can appreciate a good […]
It is possible to refuse an inheritance. Many people and cultures consider it rude to decline a gift. Chances are you were told to smile and thank your relative for the Christmas or birthday present you did not like. In fact, you may even have had to wear it the next time you saw this […]
Digital estate planning is essential for certain assets. The world has changed rapidly in the past several decades. With the invention of the internet and personal computers, the digital world has exploded. People can send mail, messages, and money digitally. Pictures can be stored, videos streamed, and personal profiles and channels curated. According to a […]
Placing real estate in a trust can be a good idea for some people. Not everyone owns real estate. Some individuals choose to live their entire lives in apartments to minimize their responsibilities at home when not at work. Others lived in a home but sold it after their children left for college or the […]
Elder law and estate planning are not synonymous. Your parent is getting older. In fact, you are recognizing signs of memory problems as well as physical frailty. Although your parent can live independently now, you recognize this will not last forever. You do not know what to do. According to a recent Forbes article titled […]
Cryptocurrency functions differently from traditional money. Much has changed over just the past several decades. Computers can now be taken from one location to another. Phones now do more than simply make phone calls. Asset holdings have even changed as people hold cryptocurrency. According to a recent The Indiana Gazette article titled “Millennial Money: What […]
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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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