Cryptocurrency can be easily misplaced after the owner has died. Non-digital and traditional assets are less likely to be lost or misplaced. Your children can see your home. They have probably admired your jewelry, art, and collectibles over the years. Bank and investment statements allow them to see how much money you in them. According […]
A testamentary trust can be created after you die. Some people really like the idea of using a trust in their estate planning. The control over the eventual inheritance distribution is appealing. These individuals are often torn between the appeal of a trust and the work it takes to maintain a trust. According to a […]
Incapacity planning requires valid power of attorney documents. Being picky is not always a bad thing. Purchasing expired groceries can lead to illness. Settling on a mate can lead to a lifetime of conflict and insecurity. According to a recent Medical Economics article titled “Avoid powers of attorney mistakes,” granting power of attorney authority to […]
A vacation home can be challenging to bequeath. Families often make and retain fond memories from vacations. For those who own a vacation home, these memories are often overwhelming tied to a specific location. After all: location, location, location. While vacation homes bring joy in life, they can bring complications when the owner dies. According […]
An updated estate plan ensures your assets are distributed to desired heirs and much more. The world we live in requires constant updates. Understatement, yes? Phones, computers, and apps make changes and improvements to their systems. Often failing to update operating systems means your device loses functionality and security. According to a recent CNBC article […]
Probate is how the government oversees estate settlement. Most Americans do not understand probate. They have read news articles about celebrity estate battles or have heard stories from friends about the challenges they have faced. Stories like these often lead to people to feel fear and dread about the future of their own assets. According […]
Digital assets are relatively easy to accumulate and overlook. With the rise of technology, people do not have to plan in advance like they once did! Forgot to defrost chicken for dinner? No problem. You can order a meal on your phone and pick it up in minutes (or have it delivered to your door)! […]
Distributing assets through probate is more complicated without an updated last will and testament. Many things should be accomplished within a specific window of time. Winter wheat must be planted in the fall and harvested in the summer. Health insurance must be renewed or plans changed during open enrollment. Estate planning documents should be created […]
Password protection can cause complications for heirs and executors. I am constantly amazed by the changes in technology. I grew up when phones used to be wired to a wall (no, i am not kidding) and now they are essentially personal computers you can take anywhere. Also, people can now pay others by transferring money […]
Married couples can utilize a bypass trust to provide more estate planning control. Both married and single people must face the challenges of life. They must go to work, pay bills, and navigate the deaths and illnesses of loved ones. Eventually, they must face their own deaths. It is best to have an estate plan […]
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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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