Beneficiaries of a last will and testament must be notified. Your loved one has recently passed away. You think he signed a last will prior to death. You think you might be a beneficiary. You do not know whether such last will actually exists and, if it does, its contents. Will you be notified? According […]
Beneficiary designations must be "aligned" properly for an effective estate plan. Estate planning seems simple. You get a last will and testament. You sign it. Everything is set. Right? According to a recent Kiplinger article titled “Beneficiary Designations – The Overlooked Minefield of Estate Planning,” you may have overlooked a very significant aspect of estate […]
Art can prove a tricky asset in estate planning. You love art. It is beautiful. It is meaningful. It can also be costly. Your precious works of art may become an estate planning challenge. According to a recent Financial Advisor article titled “Putting Art Into Charitable Remainder Trusts,” tangible assets like artwork can be difficult […]
Different trusts serve different purposes. You likely have heard about trusts as part of estate planning. You know that one use of trusts is to bypass probate when it comes to transferring assets. This sounds appealing to you. Perhaps you will utilize a trust in your estate plan. According to a recent Investopedia article titled […]
Mistakes on your last will and testament can cause lasting damage. You know you are supposed to have a last will and testament in place. You have heard about dying intestate and would like to avoid this for yourself. Having the state determine who inherits your assets or takes care of your minor children when […]
Beneficiary designations can lead to problems in your estate plan. Some assets pass through beneficiary designations by their very nature, like life insurance, annuities, and retirement accounts. For this reason, this method of asset transfer is particularly important when it comes to your estate planning. If used properly in conjunction within a comprehensive estate plan, […]
Financial planning should be a priority in 2020. Money is an important part of daily life. You need to for food, bills, and other expenses. As we say around the Krull household: "A dollar bill passes between many hands every day." It is also important for future expenses. A recent Investor Business Daily article “Your […]
Unmarried couples need to prioritize estate planning. You have found someone you love. You have moved in together. Neither of you wants to get married. And it seems this practice is becoming more common. From 2007 to 2016, the number of cohabiting couples increased from 14 million to 18 million. According to a recent CNBC […]
Beneficiary designations can be easily messed up. You can have a will. You can create a trust. Even so, you may be neglecting an important aspect of estate planning. According to a recent Delco Times article titled “Five mistakes to avoid when naming beneficiaries,” you need to make sure your beneficiary designations are in alignment […]
A living trust is a useful tool. Your estate plan needs a trust. Perhaps this is because you need to avoid an estate tax, whether at the state or the federal level. Maybe you have irresponsible heirs or heirs who are minors. Perhaps you simply want to avoid probate. According the a recent Yahoo! Finance […]
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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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