Tax law will see changes in 2020. Taxes are a unavoidable part of life for Americans. You are paid for your services. You must then pay the government for theirs. Although there have been taxes since the founding of our country, these do not remain the same each year. According to a recent CNBC article […]
Trusts do not nullify all taxes. Your parents or grandparents created a trust or trusts as part of their estate planning. Maybe they wanted greater control in asset distribution. Perhaps they simply desired to shield their wealth from estate taxes. Whatever the reason, as part of their planning they used trusts to provide the trust […]
Life insurance can help provide future financial security after a divorce. You are divorced. Maybe this is a recent occurrence. Perhaps it has been a long-standing reality. Either way divorce requires strategic planning when it comes to finances. According to a recent Insurance News Net article titled “5 Ways Life Insurance Eases Post-Divorce Estate Planning,” […]
Stock market crashes can impact retirees. Depending on your age, you have likely lived through one or more of the big stock market crashes. Most people remember the 2008 crash. Although this was a significant blow to many, the 1987 crash was actually the worst one in America stock market history. According to a recent […]
Life insurance is not all the same. You have heard you need it, right? If you are single, it is helpful to acquire enough to bury you and pay off your debts. If you are married or have children, you will need more. Why? Your children and surviving spouse could lose not only a parent […]
Saving for retirement requires intentional planning. Different stages of life have different demands and concerns. Whether you are young or seasoned, retirement should be prioritized. With so many demands on finances, this is not always easy to do. According to a recent Skimm article titled “9 Retirement Questions from Skimm’rs, Answered,” the best planning starts […]
Social Security is helpful in retirement. You are nearing retirement. For this reason, you have now started thinking about Social Security disbursements. Although Social Security will be insufficient to meet all of your retirement expenses, it will certainly help. For this reason it is important to maximize those Social Security benefits, yes? According to a […]
Estate planning and business succession go hand-in-hand. You own a business. Perhaps you built it yourself. Maybe you inherited it from your parents. Regardless, your business and its future are an important part of your legacy. You do not want it to die when you do. A recent Phoenix Business Journal asks business owners this […]
A special needs trust is necessary to preserve essential public assistance benefits. You have a child with special needs. You know you will not always be around for them. To be blunt, what will happen to your child when you and your spouse are both deceased? According to a recent KAKE article titled “How a […]
A trust can provide inheritance protection. Your child is married. You should be happy. Instead, you are upset. You do not like your new son-in-law or daughter-in-law. According to a recent nj.com article titled, “My daughter is getting married. How can I protect her inheritance?,” you are not alone. You cannot control who your children […]
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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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