A Spousal Lifetime Access Trust (SLAT) can provide protection in asset transfers. Distribution of assets involves numerous considerations. Everyone must address taxes, state laws, and federal laws. Certain families and individuals must also navigate complicated family dynamics. According to a recent The Tennessean article titled “Learn about options for estate planning and wealth transfer,” a […]
In-laws can either bring great joy or great frustration. Family dynamics range from contentious at best to primarily peaceful. Sometimes parents never approve of the spouses their children choose. As my mother-in-law teased, "Behind every successful man is an amazed and astonished mother-in-law!" Other families feel like they gained a new beloved child each wedding […]
Sometimes disinheriting stepchildren is a good idea. Having a blended family in the United States is pretty common. Sometimes one party may have a child or children from a previous marriage or relationship before marrying the love of their life. In many cases, both partners have been married before and have children from their previous […]
Estate planning often has multiple benefits. People tend to avoid doing things if they do not benefit directly. Estate planning is one of those areas where people believe it is helpful for some people but not them. Often the mistaken belief is such planning and preparation is only for the super-wealthy. According to a recent […]
The language used in estate planning can be more vague for some requests. How something is said is often just as important as what is said. People communicate just as much through body language and tone of voice as they do with their words. Although these sensory details are often missing in estate planning documents, […]
Limited Liability Companies (LLCs) and trusts are both helpful for asset protection. Asset protection can be a priority for many in their life and estate planning. This is especially important for those with much to lose as business owners. Two common tools for asset protection include trusts and Limited Liability Companies (LLCs). According to a […]
A revocable trust must be funded to be effective. Follow through is important. Committing to an athletic training routine will improve your ability in a given sport. Making good on your word builds trust. According to a recent The National Law Review article titled “’It Ain’t Over ‘Til It’s Over’ – Use of a Funded […]
Divorcing your spouse should trigger estate planning changes. People do not enter marriage intending to divorce. Instead, they plan as if they will live a lifetime together. These often include joining finances and retitling property. According to a recent Yahoo News article titled “I'm Divorcing. Will That Impact My Estate Planning?,” this means many steps need to […]
Poor estate planning can have unintended consequences. “The road to hell is paved with good intentions.” Although the author of this quote is unknown, the words ring true in a number of circumstances. Estate planning is one. According to a recent The News-Enterprise article titled “Advice for avoiding unintended issues in estate planning,” most people do not […]
Women often have different needs than men. At the most basic level, their very biology and physiology are different. Women and men are not the same. It is part of God's grand design for human beings. Women and men often have personal, cultural, and social differences. For example, women often feel they need greater vigilance […]
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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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