Asset distribution can be a mess without proper estate planning. Do you own a car, home, bank account, or other property? If the answer is “yes,” you have assets and you have an estate. When you die, these assets will need to make their way to a new owner. According to a recent LimaOhio.com article […]
Serving as an executor requires both time and energy. You have been asked to serve as an executor (also known by the gender neutral title of "personal representative"). You are flattered. Being asked to serve as an executor for an estate is an honor. Although you feel honored, you want to understand the role before […]
Dying intestate is not ideal for distributing your inheritance. You have heard you need an estate plan. The problem is you do not want to pay for a last will and testament. I get that. Is it really bad to die intestate? According to a recent The Sun article titled “Do I Really Need A Will?,” […]
Divorce demands estate planning revisions. You have recently divorced your spouse. This process is neither simple nor pleasant. Even if things end somewhat amicably, there is still the challenge of legal paperwork to make it official. Many divorces trigger extreme emotions and relational tension. The last thing you want to do is trigger more planning […]
Disgruntled family members may resort to challenging your last will. Family dynamics are not always simple. Separation and divorce are a possibility. Some children become estranged or fall into addiction. These can be both emotionally taxing and problematic for estate planning. According to a recent Augusta Free Press article titled “Can you prevent someone from challenging […]
Tangible property can be difficult to divide. Your parents have both passed away. They left money to be divided among their children. They also had a lot of tangible assets. You know, all their "stuff" that does not have a formal "title" evidencing ownership. You are the executor of the estate. According to a recent […]
You must be extra attentive when disinheriting a family member. You know how you want your estate distributed when you die. You also have chosen to "disinherit" certain family members. Your decision will make some people angry. According to a recent Times Herald-Record article titled “Dealing with disinheritance, spouses,” estate planning can feel especially complicated […]
There are certain times in life when you should update your last will and testament. If you already have a last will in place, you have done more planning than the majority of your fellow Americans. Although you can certainly congratulate yourself, do not become overly confident. Your last will needs to be reviewed and […]
The widow of Kobe Bryant wants to amend the trust created by her husband. The deaths of Kobe Bryant and his daughter Gigi in January were tragic. Any loss of life is heartbreaking. The grief is especially great when death is unexpected. Often in these circumstances, families are left with no direction, plan, or support. […]
Not everything belongs in a safe deposit box. You have a safe deposit box at your local bank. You have decided to keep all of your important documents, heirlooms, and sums of cash inside the bank. Although this may seem the safe choice, it is not. According to a recent Kiplinger’s article titled “9 Things You'll […]
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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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