A living trust can be an effective estate planning tool without transferring every asset into a trust because this is not always necessary or appropriate.
Consumer DNA testing has connected people with unknown relatives and has also created unexpected questions about inheritance, beneficiaries and the administration of an estate.
When a trustee fails in the legal responsibility to manage trust assets carefully and act in the best interests of beneficiaries, removal may become necessary to protect the trust and the people it was created to benefit.
It is helpful to understand how the One Big Beautiful Bill Act (OBBBA) affects wealth transfer, tax planning, and long-term financial goals when determining whether to update an estate plan.
Many people view a living trust as an instrument for avoiding probate, but it can also provide critical financial protection if incapacity occurs during life.
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
