Tax law will see changes in 2020. Taxes are a unavoidable part of life for Americans. You are paid for your services. You must then pay the government for theirs. Although there have been taxes since the founding of our country, these do not remain the same each year. According to a recent CNBC article […]
Trusts do not nullify all taxes. Your parents or grandparents created a trust or trusts as part of their estate planning. Maybe they wanted greater control in asset distribution. Perhaps they simply desired to shield their wealth from estate taxes. Whatever the reason, as part of their planning they used trusts to provide the trust […]
Estate planning and business succession go hand-in-hand. You own a business. Perhaps you built it yourself. Maybe you inherited it from your parents. Regardless, your business and its future are an important part of your legacy. You do not want it to die when you do. A recent Phoenix Business Journal asks business owners this […]
The average for retirement savings is less than it should be. What do you think of when you hear the word retirement? Do you think of sleeping in? Do you think of travel? Do you think of time with family? Whatever you envision, one thing is certain: it will take money. A recent Investopedia article […]
Updates should be made periodically to your estate plan. You created an estate plan. You checked it off your list. Now you can sit back and relax until you die. According to a recent Forbes article titled “Old Estate Plans May Be Harmful To Your Wealth,” you need to rethink this assumption. Why? Circumstances in […]
Inheritances can trigger taxes. Your loved one passed away. You are mourning the loss. You are coordinating the funeral, visitation, and other family gatherings. The last thing you want to think about is taxes. According to a recent Investopedia article titled “Are Estate Distributions Taxable?,” it is important to understand tax implications if you are […]
A living trust is a useful tool. Your estate plan needs a trust. Perhaps this is because you need to avoid an estate tax, whether at the state or the federal level. Maybe you have irresponsible heirs or heirs who are minors. Perhaps you simply want to avoid probate. According the a recent Yahoo! Finance […]
Experienced estate planning attorneys are game changers. Not all estate plans are created equal. A DIY plan can be downright dangerous! Mistakes are costly and the stakes are high. You cannot fix these problems after you die. According to a recent Next Avenue article titled “How to Find a Good Estate Planner,” you need to […]
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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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