A family trust is used to support multiple family members. Not all families are the same. I have seen more than 3,000 enter my office over the last 30 years. Some have close relational bonds. Others are affected by trauma, addiction, and broken relationships. Whatever the story, I see how my clients want to protect […]
Adding a child to your home deed can trigger unintended consequences. People tend to choose the easiest option at the moment. Sometimes, selecting this option is harmless, like grabbing the first shirt in your dresser drawer. Other times, it can be the best option for you, like hiring a plumber to fix the sink rather […]
People must transfer property to others when they die. All humans come into this world with nothing of their own. Toys, clothes, and food are provided to them by their parents or gifted by other family and friends. As individuals go through life, they may purchase a vehicle, a home, furniture, jewelry, and art. Bank […]
Life insurance is a versatile estate planning tool - much like a Swiss Army Knife. Estate planning requires more than a life insurance policy. A life insurance policy does not designate guardians, executors, or financial and healthcare agents. A last will and testament, trusts, and power of attorney documents are required to provide these protections. […]
Every adult should prioritize incapacity planning. How often do you drive past a car wreck on the highway in Johnson County, Kansas, or in Jackson County, Missouri? When was the last time you heard of the recent death or tough diagnosis of a friend or relative? Tragedy can certainly strike suddenly. We would not choose […]
A pour-over will is beneficial in trust planning. Estate planning typically involves trust-based or will-based planning. The distinctions arise from what documents form the foundation of a comprehensive estate plan and how assets are managed and inherited. Although someone may select a trust-based plan, this does not mean they will necessarily bypass using a last […]
Not working with an experienced estate planning attorney is a risky business. Some people are risk-takers. They enjoy the thrill of adrenaline pumping through their veins as they push the limits. Extreme examples include those who free-climb mountains or skydive. Others are more cautious and calculated. They prefer understanding and controlling as many variables as […]
Having an estate plan should be a priority in 2024. At the start of a new year, many people reflect on the past and set goals for the next twelve months. For many, this involves dusting off the old dumbbells to "get fit." Others may elect to "shop the perimeter" of the grocery store to […]
End-of-life planning requires certain documents to be signed and in place. Few people enjoy sitting and pondering their own mortality (death), let alone morbidity (incapacity). In addition to considering basic existential questions, many people also have practical inquiries about their personal responsibilities. What will happen to my family? Will my spouse and children have enough […]
A living trust can provide greater control over asset distribution. People like to be in control. It provides comfort in predicting outcomes. It also minimizes the negative impact other people can have on us. The problem? Complete control is an illusion. Humans are affected by weather, natural disasters, car accidents, governments, and even other individuals. […]
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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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