An estate plan is essential to protect your loved ones and their futures. Estates planning can become quite complex for those with complex assets wealth or family tensions. Those who require a only a "simple" plan, may be surprised at the number of documents required to meet their needs. It is safe to say estate […]
It is possible to avoid probate with estate planning. For many, probate sounds like a scary word. Although probate is essentially the process for settling an estate in the local court, it can produce anxiety. Probate is often associated with lengthy proceedings and greater tax consequences. These negative aspects of probate are heightened when a […]
Creating a trust can provide estate planning protections for your children. Your children are adults in the eyes of the world. Even so, your adult children will always be your babies. As such, you still want to protect them. Some children grow up and other children just keep having more birthdays. According to a recent […]
The cost to young families without an estate plan is high. Young families are busy. Understatement. Diaper changing, potting training, doctor visits, meal times, and bedtime routines are exhausting. Many parents feel as if their lives are in constant motion and chaos. They can barely muster enough energy to go to bed much less think […]
It is essential for adult children to know about the estate plans of their parents. There are many changes associated with having adult children. You have seen them begin careers and start families. You have moved from the role of provider and protector as they have assumed these responsibilities for themselves. Despite these milestones, it […]
Managing estate paperwork can seem daunting after the death of a loved one. The list is long. Even with a well-organized estate plan, knowing what to do after the death of a loved one is challenging to navigate. You are dealing with the grief of a deep personal loss. At the same time, demands are […]
The estate of Larry King underscores the importance of estate planning. Larry King had both highs and lows in his career and his personal life. Despite these challenges, he had an uncanny ability to persevere after mistakes and mishaps. According to a recent The National Law Journal article titled “Larry King Will Contest—Key Takeaways,” this […]
Including a living trust in your estate plan has its benefits. It is important to create an estate plan. When done right, it protects everyone you love and everything you have. DIY estate planning can have unintended, negative consequences. This is especially true if your goals and needs would benefit from a trust. According to […]
A trust can serve several purposes in estate planning. When it comes to estate planning, trusts are versatile tools. Although many people consider trusts to be of value only to millionaires and billionaires, this is not accurate. Rather, the average American may find that a trust would best meet their estate planning goals for their […]
Certain collections could be worth a fortune. Nostalgia is a significant market. Movies, clothing, and toys from the past often trigger fond childhood memories. People find both monetary and sentimental value in the items they collect. According to a recent The Wealth Advisor article titled “Estate Planning for Your Collections May Be a Smart Decision […]
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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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