Kirk Douglas left a significant estate. Kirk Douglas had a prolific career. For some 40 years, he worked steadily. Although his career slowed in the early 1980s, he still had a significant estate upon his death. According to a recent Wealth Advisor article titled “Kirk Douglas Lived Well, Died Rich And May Trigger $200M Los […]
Yes, Virginia, stock market performance can impact your estate planning. You have money in the stock market. Perhaps this is limited to your retirement income. Maybe you have included savings plan with after-tax investments for long-term goals outside of retirement. Either way, how the stock market performs is important. According to a recent Wealth Advisor […]
Inherited investments can seem overwhelming. People invest in a number of ways. This includes real estate, securities, art, and collections to name a few. When you inherit an investment, you may wonder what you should do with it. According to a recent Wealth Advisor article titled “How to Handle Inherited Investments,” some actions are smarter […]
Nearing retirement requires different savings strategies. You are nearing retirement. Perhaps you started saving early in your career. Maybe you waited to begin saving. Either way, making wise choices right now before you retire is important. According to a recent Investopedia article titled “Top Retirement Savings Tips for 55-to-64-Year-Olds,” there are several ways you can […]
Unmarried couples need to prioritize estate planning. You have found someone you love. You have moved in together. Neither of you wants to get married. And it seems this practice is becoming more common. From 2007 to 2016, the number of cohabiting couples increased from 14 million to 18 million. According to a recent CNBC […]
Yes, Virginia, even celebrities can make huge estate planning mistakes. America is a celebrity culture. Some people want to be famous. Others simply have a favorite celebrity. Many people attempt to emulate these public figures. According to a recent Florida Today articles titled “Lessons in estate planning from the rich and famous,” following the example […]
Estate planning attorneys help people get their affairs in order. Close your eyes and try to picture an attorney in your mind's eye. Who do you see? Likely it is a trial lawyer from a televisions show or movie. When it comes to estate planning attorneys, most people have no frame of reference. In fact, […]
Understanding required minimum distributions can help you avoid expensive mistakes with your retirement funds. There is a lot to think about in retirement. When you no longer work and have a paycheck, the money in the nest egg is your money. How you manage this money is important. No, it is essential. According to a […]
A step-up in basis can help with capital gains taxes. You own real estate property. You are trying to decide whether to gift this property to your children now or pass it on when you die. According to a recent Motley Fool article titled “What is a Step-Up in Basis?,” whether real estate is gifted […]
Social security benefits should influence where you retire. You are nearing retirement. Where should you live? You have always loved other cultures. It is tempting to move abroad when you are no longer working, yes? According to a recent Investopedia article title “Receiving Social Security Benefits Abroad,” you should not move abroad on a whim. […]
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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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