Caring for those with Alzheimer’s can be a challenge. You recently had a loved one diagnosed with Alzheimer’s disease. Perhaps this condition runs in your family. Maybe it took you completely by surprise. In either instance, the news is devastating. According to a recent Think Advisor article titled “4 Things Advisors Should Know About Cognitive […]
Individuals with disabilities may be able to qualify for Medicaid and have their own savings. Do you (or a loved one) have a disability? If yes, then you understand the value of assistance from means-tested government programs. Qualifying for and remaining eligible for these programs can be tricky. This is especially true if you or […]
Paying for nursing home care may consume all of your savings. There are many physical ailments associated with aging. As we get older, our bodies wear out. Although some individuals can live independently for a time or have family caretakers, many seniors will require some form of long-term care outside the home setting. According to […]
Combining households could be helpful for extended families. Many Americans reside in nuclear family households. What does this mean? Parents and children reside in a single home without extended family members. According to a recent The Mercury article titled “Moving ahead during coronavirus,” combining households may be wise for some as a result of the COVID-19 […]
You should customize your estate plan to meet your unique needs. Is anything truly one-size-fits-all? There are reasons why most clothing comes in different sizes. People come in all different shapes and sizes. Consequently, they have different clothing needs. According to a recent The News-Enterprise article titled “Don’t settle for a generic estate plan,” people also […]
Your loves ones with special needs require specific planning. You have begun to worry about your child with special needs. Why? You are reasonably certain your child will outlive you. When this happens, you do not want to leave your child financially vulnerable. According to a recent NWTimes.com article titled “Planning for loved ones with special […]
Stimulus checks of patients do not belong to nursing homes. Did your loved one qualify for a stimulus check? Does this loved one also live in a nursing home paid for through Medicaid? Has the nursing home required the stimulus check to be signed over as a “resource”? According to a recent CBS Local New […]
Consider carefully when you transfer ownership of your home. You are a homeowner. This house is likely one of your largest assets. For this reason, it is a significant portion of your estate. According to a recent MarketWatch article titled “Why you shouldn’t give your house to your adult children,” this means you should be […]
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 […]
Long-term care insurance can support your health and your savings. Everyone ages. Each year, you take another trip around the sun. You may be perfectly healthy now. Even so, your body (and mind) will wear down. You can make bank on that fact of life. According to a recent Forbes article titled “Is Long-Term Care […]
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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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