The estate of Pablo Picasso is being managed by his daughter. Few artists reach the level of fame of Pablo Picasso. He lived a long life and had a career most only dream of having. Unlike other artists, his work was profitable in his life and after death. According to a recent The Art Newspaper […]
Having a valid last will and testament simplifies probate. Far too often families are shocked to learn of estate planning mistakes or neglect after the death of a loved one. Sometimes this includes having an outdated or even an unsigned last will and testament. Other times the executor has died, afterborn children or grandchildren have […]
The cost of long-term care is not going down. People are not all powerful. They cannot stop the steady march of time. Even making healthy decisions does not stop the aging process. As people get older, they require more assistance as their bodies begin to fail. According to a recent The Indiana Lawyer article titled […]
Wisdom can be shared through a legacy letter or an ethical will. Life is about more than money. People can be rich and have very little in their bank accounts when they die. Although leaving an inheritance can provide monetary support to loved ones, values and wisdom last longer. According to a recent Kiplinger article […]
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)! […]
Each quarter of the calendar year provides opportunities for estate planning. Businesses often divide their fiscal calendars into quarters. There are often benchmarks and checkups scheduled every three months. Doing so allows the business to better understand and manage its financial health. According to a recent Victoria Advocate article titled “Make quarterly payments to estate […]
Your planning may need to adjust to a new federal estate tax. Most people cringe at the mention of taxes. The exceptions would be those whose livelihoods depend on taxes like accountants, IRS agents, and other government officials. If your employment does not find you within one of these exceptions, incomes taxes, property taxes, inheritances […]
Family businesses require comprehensive estate planning. They provide quality products and services to communities as well as income and skills to future generations. Starting a family business takes perseverance and passion. Running it takes daily attention to detail. According to a recent The Times Reporter article titled “Succession planning for family businesses,” all your work […]
Having an ethical will allows you to pass on more than assets. Death can come as a surprise. A global pandemic has underscored this reality. Even when people are fortunate enough to have loved ones at their bedsides when they pass away, much is still left unsaid. According to a recent The Wall Street Journal […]
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 […]
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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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