There are many reasons to review and update an estate plan. Paying attention to expiration dates is important. This can save you from unwittingly poisoning yourself from outdated food. It can also ensure your medications are still potent. Although your estate plan will not have an expiration date on your documents, it will have a […]
Creating a checklist when preparing your estate plan is an excellent idea. Some people really like checklists. I know I do. [In fact, I have a checklist for my Friday household cleaning chores sitting right beside me. I will take up that list right after I finish this blog post.] There is great satisfaction in […]
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 […]
Blended families require special considerations, especially when it comes to estate planning. Blended families are common in America. Many adults get married and have children, then divorce and remarry. Some then lather, rinse, and repeat. Although common, remarriage creates more complex family systems. More complex family systems can be a nightmare without proper estates planning. […]
A payable on death account is one means of transferring assets to heirs. There are several ways assets are distributed. The most commonly recognized is a last will and testament. Other options include gifts, trusts, and beneficiary designations. According to a recent Sports Grind Entertainment article titled “Payable on Death (POD) Accounts,” a payable on […]
An estate plan is essential to protect your loved ones and their futures. Estates planning can become quite complex for those with complex assets wealth or family tensions. Those who require a only a "simple" plan, may be surprised at the number of documents required to meet their needs. It is safe to say estate […]
People should prioritize getting their affairs in order through estate planning. Many things and people demand your time and attention. Perhaps you have a complex project at work you need to complete. Maybe your children need a ride to baseball practice. Perhaps the dishes from two nights ago need to be washed. Although important, these […]
Using a transfer on death deed is one tool for distributing property. Estate planning is multifaceted. It involves considering taxes, health care, finances, property, and business interests. The methods used in estate planning can either align with or interfere with your goals. According to a recent The Williamson Daily News article titled “Estate planning ensures […]
Wealth is not a prerequisite for estate planning. Newspaper headlines remind us the rich and famous need estate planning. After all, prince or pauper, no one gets out of this life alive. In fact, Prince is one example of this fact. Although he was a successful musician and his image was important to him, Prince did […]
It is possible to avoid probate with estate planning. For many, probate sounds like a scary word. Although probate is essentially the process for settling an estate in the local court, it can produce anxiety. Probate is often associated with lengthy proceedings and greater tax consequences. These negative aspects of probate are heightened when a […]
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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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