Adding a child to the family requires new estate planning. Are you pregnant? Did you recently give birth to a child? Are you in the process of adopting? If the answer is yes, let me first congratulate you. This is an exciting time for your family as it grows. You are likely debating the name, […]
Financial Powers of Attorney grant both authority and responsibility. You have been granted financial power of attorney. This action speaks to your character and trustworthiness. You are flattered. You are also a bit worried. And with good reason. You are not quite certain what responsibilities (and potential liabilities) you have under the financial power of […]
COVID-19 threatens retirement savings for many. Perhaps you saved early for retirement. Maybe you waited until later in your career. Either way, your retirement savings were invested for future growth. All was well. Unfortunately, COVID-19 threatens your retirement because of the economic downturn. Is all hope lost? According to a recent USA TODAY article titled […]
You need a "blueprint" for your estate plan. Do you have an estate plan? The answer is always yes. No estate plan is simply a poor option. It is messy, time consuming, and expensive. According to a recent Forbes article titled “How To Create An Estate Planning Blueprint,” you should have a carefully constructed estate […]
You could benefit from Spousal Social Security. Are you married? Did you stop working for a few years to rear your children? Perhaps you have worked full time but make significantly less than your spouse. According to a recent Investopedia article titled “How Does My Spousal Social Security Benefit Work?,” your personal Social Security benefit […]
COVID-19 has paused retirement saving for many. Whether you have been working for a few decades or a few years, you know you will not be working forever. You will eventually retire. When this happens, you will still need money. To provide future income, you have been diligently saving for retirement. Unfortunately, COVID-19 interrupted the […]
Retirees considering marriage should evaluate several factors. You are in your later years. While in retirement, you have found purpose elsewhere. You have found love. Should you tie the knot? According to a recent Kiplinger article titled “Financially, Marriage Makes a Lot of Sense for Retirees,” retirees considering marriage should weight the pros and cons. […]
IRA withdrawals can trigger penalties. You have an IRA. Perhaps you have more than one. You have signifiant assets tied up in these accounts. Can you access and use this money? According to a recent Investopedia article titled “9 Penalty-Free IRA Withdrawals,” the answer is not so simple. How so? Making IRA withdrawals make bring […]
Early IRA contributions can benefit your financial situation. We are solidly into the year 2020. Time is a fast flowing river. In fact, we are fewer than two months away from the tax filing deadline. You are looking at your finances and realize you can still contribute to your IRA for 2020. You have always […]
Yes, Virginia, stock market performance can impact your estate planning. You have money in the stock market. Perhaps this is limited to your retirement income. Maybe you have included savings plan with after-tax investments for long-term goals outside of retirement. Either way, how the stock market performs is important. According to a recent Wealth Advisor […]
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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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