After creating a trust it is important to "fund" the trust. Your circumstances and goals necessitated a trust as part of your estate plan. The instructions outlined in the trust provide an equal division of the assets among your children. You find this fair and fitting. According to a recent nwi.com article titled “Estate Planning: […]
Farm families have a lot to lose with inadequate estate planning. You are a farmer. You are in the business of farming. The farm has been in the family for generations. Perhaps your children intend to keep the a farm running after you die. Maybe your children have different careers in mind. Do you have […]
Fragile beneficiaries require thoughtful estate planning. You have recently been thinking about your estate plan. You know who you love and what you have. However, you are not sure about who you want to include as the inheritors of your estate. You feel torn. While some potential heirs are fully capable of handling an inheritance, […]
An unfunded trust will undermine your estate planning. Your estate planning goals included avoiding probate. You also desired to simplify asset management should you become incapacitated. Consequently, your experienced estate planning attorney recommended a revocable living trust. You agreed and happily signed the papers for the creation of your living trust. According to a recent […]
An estate planning checklist can keep you accountable and organized. When it comes to estate planning, creating and reviewing your plan is a significant step. Without an estate plan in place, you will leave the settlement of your affairs up to the probate courts and the laws of your state. This is not ideal. Your […]
Estate planning mistakes are not uncommon. Last year was not what you expected it to be. <Understatement?> Although you likely hoped for a different start to 2021, you have found it to seem equally out-of-control. You are reminded how you cannot predict the future. After all, "It's tough to make predictions, especially about the future." […]
You can learn a lot from the estate plans of celebrities. Many Americans are enthralled with celebrities. These could be athletes, actors, musicians, politicians, or even social media “influencers.” People love to see others succeed. Some people also enjoy watching them fail. As an estate planning attorney, I take no pleasure in the consequences of […]
Trusts can solve a number of estate planning problems. Many people think of the ultra wealthy when they envision the use of trusts in estate planning. They imagine “trust fund babies” driving foreign cars, having parties on yachts, and never working a day in their lives. According to a recent Market Watch article titled “3 […]
Using a living trust is ideal under certain circumstances. When it comes to estate planning, you should thoroughly consider your options. First, you will want to select an experienced estate planning attorney to create your plan. Such an estate planning attorney will create a plan to best meet your unique needs. According to a recent […]
Married couples should weigh pros and cons of joint trusts and separate trusts. Perhaps you have been married for just a short time. Maybe you are celebrating another decade of life together. Either way, you are wanting to include trust planning in your estate plan. You must now answer whether you want joint trusts or […]
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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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