Most Americans do not understand probate. Isn't there anyone who knows what probate is all about?!! This question is reminiscent of Charlie Brown's desperate cry of frustration in "A Charlie Brown Christmas," albeit in a different context. I digress. You have likely heard of probate. Perhaps it has been in the context of a loved […]
Adding people to a bank account gives them access to the funds. There are times when someone may need to access your bank account to manage your finances. If you are incapacitated, you are unable to accomplish certain tasks on your own. It may be tempting to simply add someone as an owner of the […]
Singles are not exempt from having to create an estate plan. Many American adults are currently considered single. These individuals may have never been married. Others may have been married then widowed or divorced. According to a recent County 17 article titled “Even ‘Singles’ Need Estate Plans,” dying without an estate plan is not only […]
Easy is not always better, especially when it comes to estate planning. Life is full of choices. Many factors guide the decisions we make moment by moment when presented with options. The simplest choice is often appealing. According to a recent Florida Today article titled “Estate planning: When you take the lazy way out, someone […]
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 This can save you from unwittingly poisoning yourself from outdated food.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 […]
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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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