Jointly owning property can be precarious to say the least. You are considering owning property jointly with a non-spouse. Maybe you are considering doing so with another family member. Perhaps a friend or business associated has made the suggestion. Should you do it? According to a recent Inside Indiana Business article titled “Risky: Property Owned […]
A professional executor may be a wise choice for you estate. You know what you have. You have decided who gets what. You know who you want to take care of things if you cannot. Now you need an executor for your estate. According to a recent nj.com article titled “Should I choose a bank […]
Family farms have been passed through generations. The Midwest is filled with farms. Cattle roam to and fro. Crops like wheat, soy, and corn rotate through the years. The land is beautiful. You care for the family farm like the generations before you have done. According to a recent High Plains Journal article titled “Don’t […]
Executors play a big role in probate proceedings. Executing a last will is no small task. As an executor, you are responsible for probating the last will, settling debts, and distributing assets. Preparedness is key. According to a recent Investopedia article titled “The Executor's Checklist: 7 Tasks Before They Die,” this starts before the testator […]
Beneficiary designations can be easily messed up. You can have a will. You can create a trust. Even so, you may be neglecting an important aspect of estate planning. According to a recent Delco Times article titled “Five mistakes to avoid when naming beneficiaries,” you need to make sure your beneficiary designations are in alignment […]
Inheritances can trigger taxes. Your loved one passed away. You are mourning the loss. You are coordinating the funeral, visitation, and other family gatherings. The last thing you want to think about is taxes. According to a recent Investopedia article titled “Are Estate Distributions Taxable?,” it is important to understand tax implications if you are […]
A living trust is a useful tool. Your estate plan needs a trust. Perhaps this is because you need to avoid an estate tax, whether at the state or the federal level. Maybe you have irresponsible heirs or heirs who are minors. Perhaps you simply want to avoid probate. According the a recent Yahoo! Finance […]
A trust can help you avoid probate, but you still need a "pour-over" will. Trusts are not only for the wealthy seeking to minimize estate taxes. They are useful for bypassing probate, too. Sometimes probate can take a long time and cost a lot of money. It may be worth the extra time and money […]
There are a few ways to change will. You are considering changing your will. Perhaps your spouse died or you are now divorced. Perhaps you have added more children to your family. Maybe you need to address new laws within your state or at the federal level. Periodically changing your will is not unusual. In […]
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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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