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.
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
Estate planning is not limited to a last will and testament. If you have watched a Hollywood movie or read a novel about someone leaving an inheritance, you have likely heard of a last will and testament. This is unsurprising as it is the most common legal document used to distribute assets to heirs. Unfortunately, […]
A pour-over will is used when a trust is in place. Many people think of estate planning as a binary decision - they need to choose either a last will or a revocable living trust (RLT). Although one of these must set the foundation for your estate plan, they are not necessarily mutually exclusive. A […]
Placing larger assets in a revocable living trust could simplify distribution. Many people want to simplify their estate planning. Their definition of a simple estate plan will guide what documents are included. If simple means a basic estate plan, the individuals will likely opt for a last will and testament over a trust. If they […]
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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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