Probate is particularly complicated when there is no last will and testament. Settling an estate can take time. The executor who is named in the will must be approved by the probate court. When this is done, the executor can inventory and secure assets, notify creditors, pay debts and bills, distribute assets, and file the […]
The pandemic has reminded people of limits to their control. At the start of 2020, you likely had many plans. Perhaps you (or a loved one) were going to get married surrounded by friends and family. Maybe you were going to watch your child walk across the stage at graduation. Perhaps you had a large […]
Estate administration require attention to detail. Your loved one named you as the executor or trustee through estate planning. Now, your loved one is dead. You know you need to take action. Unfortunately, you are unsure what steps you need to take. According to a recent The Record-Courier article titled “Protecting an estate requires swift […]
Following these five tips could help you pass your assets to your family. You have worked hard your whole adult life. When it came to managing your finances, you saved for retirement, made wise investments, and did not spend beyond your means. You are now considering estate planning. You want to pass your assets to […]
Some individuals prioritize probate avoidance in their estate planning. Probate is a common estate planning term. Many people talk about probate as if it is something inherently evil. Perhaps this has been your experience. What you have heard may lead you to believe that probate avoidance is essential to estate planning. According to a recent […]
It may be challenging to provide care for a parent from a distance. Many families no longer live near each other. Jobs opportunities (or requirements) have taken adult children far from home. Perhaps you are one of these adult children. Now your parents are aging and need your help. You are not sure how to […]
Your digital property requires estate planning. We live in an increasingly digital world. I think we would all agree with that, yes? Smartphones are essentially mini computers with the ability to make phone calls. Owning a business requires having a website. Social media and apps have become interconnected with work, hobbies, and relationships. Even banking […]
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 […]
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 […]
Choosing to disinherit a family member requires appropriate estate planning. You have decided to disinherit a family member. Perhaps another loved one needs the money more. Maybe the person you are choosing to disinherit is irresponsible financially. As I tell my clients, some children grow up and others just keep on having more birthdays. Regardless, […]
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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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