Making a trust an IRA beneficiary can be complicated. You have a traditional IRA as part of your retirement planning. This tool serves you well and is straightforward in providing retirement income. Even so, an IRA can complicate matters in estate planning. According to a recent Wealth Advisor article titled “Should A Living Trust Be […]
Benjamin de Rothschild left a sizable estate. Certain names are associated with wealth and power. In America, these names include the Vanderbilts and the Rockefellers. Often these families are referred to as having “old money.” Europe also has its families with generational wealth. According to a recent Wealth Advisor article titled “Billionaire Benjamin De Rothschild, Heir […]
A Charitable Remainder Trust can be a tax-efficient means of passing on your IRA when you die. You have been saving for retirement for most, if not all, of your working years. Each year you have set aside a portion of your paycheck into a company-sponsored retirement plan or a traditional Individual Retirement Account (IRA). […]
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, […]
People of all ages have retirement questions. At least they should. Regardless, most people think about retirement at some point throughout their careers. Some envision a life outside of the office. They imagine traveling, devoting time to hobbies, and visiting grandchildren. Others primarily consider the financial implications of retirement. According to a recent Kiplinger article […]
The estate of Marilyn Monroe is still generating income. And lots of it, too. Many actors, musicians, and models have lived and died in Hollywood. Some have found success both personally and professionally. These fortunate individuals died surrounded by friends and loved ones. For others, success took a tragic turn. According to a recent Cheat […]
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 […]
Charles Schulz is still generating income in death. Growing up, I loved the Peanuts comics and television specials. I still do. As an adult, seeing Charlie Brown, Woodstock, and Snoopy still brings a smile to my face. I passed this fondness to my own children. Often cards I receive on birthdays from them feature one […]
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 […]
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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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