Probate is particularly complicated when there is no last will and testament. Settling an estate can take time. The executor who is named in the will must be approved by the probate court. When this is done, the executor can inventory and secure assets, notify creditors, pay debts and bills, distribute assets, and file the […]
Serving as a trustee or executor requires fulfillment of several duties. Perhaps family members or friends have asked you to serve as the executor, trustee, or agent in their estate plan. You are not sure what this means. They tell you the role is essentially following their instructions in their estate planning documents. Although this […]
We often hear the medical terms Alzheimer's and dementia used interchangeably. This suggests that Alzheimer's and dementia present the same, but are in really just different medical terms for the same condition. Is that really so? Alzheimer’s is the most common cause of dementia. It affects roughly 60-80% of the people with dementia. Consequently, it […]
Mistakes are part of life, but estate planning mistakes can hurt those you love unnecessarily. Especially given the heightened concerns surrounding the "pandemic," many people are seriously considering their estate planning (or lack thereof). Before you take up your own estate planning, it may be prudent to pause and consider best practices and even learn […]
Joint accounts can prove helpful or problematic. Estate planning can feel daunting. If you are a private person, the public nature of probate may be particularly unappealing. Even if you have a last will and testament, not all assets should necessarily pass through your last will and testament. Some assets will be distributed to heirs […]
Estate administration require attention to detail. Your loved one named you as the executor or trustee through estate planning. Now, your loved one is dead. You know you need to take action. Unfortunately, you are unsure what steps you need to take. According to a recent The Record-Courier article titled “Protecting an estate requires swift […]
Following these five tips could help you pass your assets to your family. You have worked hard your whole adult life. When it came to managing your finances, you saved for retirement, made wise investments, and did not spend beyond your means. You are now considering estate planning. You want to pass your assets to […]
Some individuals prioritize probate avoidance in their estate planning. Probate is a common estate planning term. Many people talk about probate as if it is something inherently evil. Perhaps this has been your experience. What you have heard may lead you to believe that probate avoidance is essential to estate planning. According to a recent […]
The probate process requires the executor (also known as the "personal representative") to take specific steps. The loss of a loved one is difficult. In the midst of grieving, families must also settle the estate of the deceased. This process is simpler if there is a last will and testament in place. Whether there was […]
Your ex-spouse could inherit your estate without proper planning. You are divorced. This means you have an ex-spouse. Divorce proceedings and laws governing divorce can feel complicated and overwhelming. After the divorce is official, you likely do not want to thing about it ever again. According to recent Nj.com article titled “My brother died of COVID-19. […]
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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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