Hiring an estate planning attorney is always a good idea. Okay, that sounds self-serving, but stay with me on this. Many people try to do estate planning on their own. They think they can simply download a document from the internet and call it good. Generally, this does not turn out well. Even if a […]
An irrevocable trust may not be able to escape the capital gains tax. Minimizing taxes is a common estate planning goal. Most people would prefer their assets benefit loved ones or a special charity than the government. Those who work with an experienced estate planning attorney have better chances than others to accomplish this goal. […]
A marital trust can be a wise estate planning move for couples. Thinking about death is unpleasant for anyone. It can be especially difficult for those who are married. Sharing life with a partner underscores the loneliness experienced after the death of a spouse. Despite the uncomfortable nature of estate planning, it is essential to […]
A spendthrift trust protects an inheritance from a beneficiary with poor financial management. Children in the same household are not clones. Siblings have their own personalities, interests, and habits. While one child may be responsible, another may be frivolous. Some children grow up ... and others just keep on having more birthdays. You get the […]
Some people benefit from placing their home in a living trust. A house is a valuable asset. For many, it is their most significant investment. We certainly have seen a run up in home values of late, yes? Estate planning for these larger assets requires intentional preparation. One route people can take is to create […]
Transfer on Death (TOD) accounts require a beneficiary to be named. Although most people believe money passes to heirs through a last will and testament after probate, but there are alternatives. A trust is one common option in providing greater control over the distribution of assets outside of probate. Additionally, certain assets pass through beneficiary […]
Every adult can benefit from an estate plan. People are adept at making excuses to avoid certain tasks. Sometimes these are inconsequential. Other times they can be detrimental. According to a recent Florida Today article titled “No matter your age, income or crushing debt, you should have an estate plan,” the reasons people give for […]
Crypto and non-fungible tokens (NFTs) are popular digital assets. The digital realm is continuing to grow in scope and importance. Although some people prefer to have physical assets, most have embraced the digital world to some degree. Some people limit their interactions to email or photo storage. Others have expanded their involvement to trading digital […]
Transferring guns through estate planning requires unique planning. People tend to have strong feelings about their firearms. Some people appreciate them for their usefulness in hunting and protection. Other people fear them and want them to be completely illegal. According to a recent The National Law Review article titled “In the Crosshairs: Guns in Estate […]
Eddie Van Halen was one of the most influential musicians of all time and made sure the next generation of artists have the resources necessary to further their musical education.
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.
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