The probate process requires the executor (also known as the "personal representative") to take specific steps. The loss of a loved one is difficult. In the midst of grieving, families must also settle the estate of the deceased. This process is simpler if there is a last will and testament in place. Whether there was […]
Asset distribution can be a mess without proper estate planning. Do you own a car, home, bank account, or other property? If the answer is “yes,” you have assets and you have an estate. When you die, these assets will need to make their way to a new owner. According to a recent LimaOhio.com article […]
A fiduciary duty requires one to prioritize the needs of another. You have heard the term “fiduciary duty.” Perhaps you heard it in conjunction with your investments or your estate plan. The problem? You do not know what it means. According to a recent Forbes article titled “What Is Fiduciary Duty?,” you are not alone. […]
Serving as an executor requires both time and energy. You have been asked to serve as an executor (also known by the gender neutral title of "personal representative"). You are flattered. Being asked to serve as an executor for an estate is an honor. Although you feel honored, you want to understand the role before […]
Managing an inheritance can be intimidating and challenging. Receiving an inheritance can be a significant financial blessing. Unfortunately, it comes with great personal loss. In the midst of grieving a loved one, it is difficult to make sound decisions. According to a recent Motley Fool article titled “5 Considerations for Managing an Inheritance,” making financial decisions […]
You should prioritize an estate plan checkup. Many people understand the importance of scheduling regular medical checkups. They know time impacts their general health and wellness in minor and major ways. Finding health problems sooner rather than later almost always leads to better outcomes. According to a recent Pittsburgh Post-Gazette article titled “Time for a non-medical […]
Disgruntled family members may resort to challenging your last will. Family dynamics are not always simple. Separation and divorce are a possibility. Some children become estranged or fall into addiction. These can be both emotionally taxing and problematic for estate planning. According to a recent Augusta Free Press article titled “Can you prevent someone from challenging […]
There are several solid reasons to prioritize estate planning. A shocking number of Americans do not have an estate plan. Period. Because estate planning encompasses incapacity and end-of-life issues, those without a plan place their loved ones in a tough situation. According to a recent c|net article titled “Estate planning 101: Your guide to wills, […]
There are certain times in life when you should update your last will and testament. If you already have a last will in place, you have done more planning than the majority of your fellow Americans. Although you can certainly congratulate yourself, do not become overly confident. Your last will needs to be reviewed and […]
Not everything belongs in a safe deposit box. You have a safe deposit box at your local bank. You have decided to keep all of your important documents, heirlooms, and sums of cash inside the bank. Although this may seem the safe choice, it is not. According to a recent Kiplinger’s article titled “9 Things You'll […]
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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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