Bank accounts do not have to pass through probate. With most actions in life, there is typically an easy and a hard way to accomplish the same task. Although one can hand wash every plate, bowl, fork, knife, and spoon after dinner, it is more efficient to simply load and run a dishwasher. Sometimes easy […]
The estate of Aretha Franklin took years to settle. Communication is essential in various aspects of life. Spouses with poor communication can quickly grow apart and find resentment building. Inadequately outlined procedures and structures can be the bane of businesses. Failing to share about estate planning wishes can lead to costly court battles. Understatement. According […]
Glenn Frey left both a legacy of music for the world and provision for his family. Many people dream of being a guitarist in a successful band. Few realize this dream. Glenn Frey was one of the few fortunate and talented individuals who made a living from making music for the enjoyment of the masses. […]
Finding a missing heir is not always easy. Heirs are those individuals who receive inheritances from someone who has died. Generally, these heirs are family or friends. When people create a last will and testament, they designate their heirs. They can include or exclude almost anyone they like. According to a recent Next Avenue article […]
Distinct differences exist between wills and trusts. Estate planning typically involves creating a will-based or a revocable living trust-based plan. Both have been used for generations to transfer assets to loved ones successfully. While most people have likely heard both terms, they still may be confused about the differences between wills and trusts. According to […]
The role of probate judges is to oversee estate administration. Generally speaking, judges are responsible for upholding the local and federal laws in the courts. In some cases, this involves deciding on appropriate discipline for criminal actions. In other cases, judges must oversee the execution of legal documents for business arrangements or estate plans. According […]
A "pour-over will" is an often misunderstood legal document. In fact, a "pour-over will" is really just a "last will and testament," which is always paired with a revocable living trust (RLT). And a pour-over will may have no practical purpose if its maker (i.e., the "testator," if male, or the "testatrix," if female) has […]
People have several options to transfer a vehicle. Vehicles can tend to be one of the higher-valued assets people own. This is true whether they have significant monetary value, such as with a Ferrari, or simply hold value as a means to get from point A to point B. Whether your motorized vehicle is a […]
A life estate means the original owner can remain in their home as a life tenant. Estate planning is multifaceted. Although there are many ways to accomplish the transfer of property, not all are equally beneficial for every circumstance. States have their own laws. Families have unique dynamics. People have varying wealth and tax liability. […]
Dying without a last will causes many complications. Death is inevitable. Despite this fact, many people choose to act as if ignoring this fact will somehow alter reality. This denial can reduce uncomfortable thoughts and emotions for a time, but it is not sustainable and can have negative impacts. According to a recent The Wall […]
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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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