Several circumstances should be considered when planning to leave an inheritance to minor grandchildren. Becoming a grandparent brings fresh joys. There is something special about seeing your children have children, yes? Your love grows and expands as your family changes. According to a recent Nj.com article titled “How can I leave my money to my […]
Prince left no directions for his estate when he died. The sudden death of Prince triggered a variety of heavy emotions. Family and fans were devastated at the news of his fentanyl overdose in 2016. Can you believe it has been six years? Yikes! Some eyed his estate and were filled with greed. Others saw […]
Wealth transfer can be complicated by a number of factors. Not everyone has a job earning them large sums of money each year. This does not necessarily mean they will have fewer assets to transfer. Rather, many build their wealth through wise money management over the course of their careers. Think Dave Ramsey. According to […]
Not all assets are equally beneficial to inherit. People have preferences. Sometimes these are fairly arbitrary like whether someone enjoys dark or milk chocolate. [Given a choice, I always opt for dark.] Other preferences stem from what makes the most sense well-considered reasons. According to a recent Kiplinger article titled “6 of the Best Assets […]
Working with an experienced estate planning attorney is essential. Many things can be done on your own. You can cut down on takeout costs by making copycat recipes at home. Likewise, handmade gifts are often more meaningful and less expensive. According to a recent Pennsylvania News Today article titled “Top 7 Reasons You Need An […]
Keeping your estate plan tidy will benefit your family. Most people do not enjoy cleaning their home. Despite this fact, it is less work to keep things tidy than to deep clean after an extended period of neglect. The same could be said of estate planning. According to a recent Chicago Business Journal article titled […]
Passing a house to heirs can be complicated whether it is a vacation home or a primary residence. For many homeowners, their personal residence is one of their most significant assets. In addition to its monetary value, the family home or vacation home also holds memories. There may be a lot of laughter in the […]
It is quite easy to mess up an estate plan. People often feel overly confident about their abilities. They watch a baking show on television and think they create equally delicious treats, especially if they adopt a British accent while baking. Others think they can write a book simply because they can appreciate a good […]
Placing real estate in a trust can be a good idea for some people. Not everyone owns real estate. Some individuals choose to live their entire lives in apartments to minimize their responsibilities at home when not at work. Others lived in a home but sold it after their children left for college or the […]
Writing your own will can cause trouble. Estate planning is important but often overlooked. In 2021, only one-third of Americans had estate planning documents. Despite these small numbers, there was actually a 63 percent increase from the previous year of those with estate planning documents in the demographic between ages 18 and 34. Although this […]
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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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