Long-term care is especially important for women to consider. As we age, we require more assistance. For some, failing memory can create dangerous situations. For example, people may take more medication doses than necessary or set kitchen fires by forgetting food left on the stove or that the gas has been left on. Those who […]
Retirees may still benefit from life insurance. You have been in the workforce for decades and are now either in or nearing retirement. Your financial advisor and estate planning attorney recommended life insurance when you were younger. This made sense to you because you wanted to provide income (and "instant estate") for your spouse and […]
Planning for retirement typically follows a basic timeline. If you are working, you should already begin planning for retirement. Eventually, you will no longer be employed. Spoiler alert .... When you retire, you will still need to pay bills and fund your lifestyle. According to a recent U.S. News & World Report article titled “10 […]
Marriage age gaps make a difference in estate planning. Weddings are joyous occasions. For those who choose to celebrate their marriage surrounded by friends and family, weddings require a lot of preparation. Beyond the wedding itself, marriages require thoughtfulness and communication about a variety of topics. According to a recent Barron article titled “Couples with […]
Women should plan for long-term care needs. The health of both men and women decline as they age. That is an unavoidable fact. Despite the universality of aging and death, women tend to live longer than men. About 74 percent of single households for those over age 80 are women. Need some anecdotal proof? Visit […]
Tax mistakes in retirement can threaten financial security. Saving for retirement is important. We have all heard this, yes? You need money to pay for bills, mortgages, food, and vacations. Once you enter retirement comfortably, you may be less than careful with your finances. According to a recent Money Talks News article titled “5 Tax […]
Carefully consider when you should claim Social Security benefits. You are nearing retirement. As you review your finances, you are trying to determine when you should claim your Social Security benefits. You wonder at what age Social Security is most commonly claimed. The answer found in a 2020 analysis by the Bipartisan Policy Center was […]
Financial planning will change after the death of a spouse. Your spouse has recently passed away. You are not sure how you made it through the funeral arrangements and the estate settlement. Somehow you did. Your heart is shattered, and you feel lost You know you need to take care of yourself, but you are […]
The status of "senior citizen" can seem hard to define. The term senior citizen is commonly used in the United States. For some, this term is decades away from applying to them. For others, it is closer than they realize. Still others may be considered senior citizens and be blissfully ignorant of this fact. According […]
Everyone needs to plan for retirement. Retirement may be couple of years away or a couples of decades away. Either way, it is coming. You may be able to choose the time of your retirement. Cutbacks or health issues may force you into retirement earlier than anticipated. According to a recent Nasdaq article titled “Do […]
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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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