Parents should make plans for minor children. You are a parent. Maybe you have been a parent for years and have several children. Perhaps you are a new parent who recently welcomed your first child. Parenthood is exciting, rewarding, and fun. It is also a significant responsibility to protect and care for your children. According […]
There are several steps to making a life insurance claim. Life insurance is a valuable estate planning tool. No other financial asset can create an "instant estate" to care for your loved ones. Full stop. The death of a parent or spouse can leave the surviving family members financially vulnerable. Leaving a life insurance policy […]
Estate administration takes both time and energy. You have assets. This means you have an estate. When you die, someone will need to wrap up your final affairs. According to a recent Winston-Salem Journal article titled “Practical tips for estate administration, pre-planning advice, and a Coronavirus update,” the executor is in charge of paying any […]
Gifting assets can help your estate planning. You have been quite successful financially. Your job pays well. You have invested wisely. In fact, you have more than you need. According to a recent The National Law Review article titled “Is Now a Good Time to Make a Gift?,” gifting assets could benefit you and your […]
You need a "blueprint" for your estate plan. Do you have an estate plan? The answer is always yes. No estate plan is simply a poor option. It is messy, time consuming, and expensive. According to a recent Forbes article titled “How To Create An Estate Planning Blueprint,” you should have a carefully constructed estate […]
Not having a last will and testament can cause a number of problems. You have thought about creating a last will and testament. You even know what you want each of your loved ones to inherit. Surely, this is sufficient for now. You can formalize it later. According to a recent San Antonio Express-News article […]
Successor trustees carry significant responsibilities. You have been named a successor trustee. The problem? You are not sure what this means. Relax, many people asked to be trustees do not know the responsibilities involved. According to a recent nwi.com article titled “Estate Planning: The role of a successor trustee,” you are not alone. First, you […]
Fiduciaries have a number of legal responsibilities. Serving as a fiduciary is an honor. A fiduciary is often selected to administer an estate or trust. He or she may also be responsible for managing the lifetime finances of another individual as an attorney in fact under general durable power of attorney. According to a recent […]
Names are important in estate planning. What is in a name? Quite a bit actually. Proper identification is essential when it comes to estate planning. According to a recent nwi.com article titled “Estate Planning: Name changes and the estate plan,” using inexact naming can cause a lot of problems. This is particularly a challenge when […]
Choosing the right estate planning attorney is essential. You know you need an estate plan. It is the critical for your the success of your comprehensive financial plan and the well-being of your family. According to a recent Next Avenue article titled “How to Find a Good Estate Planner,” you need to do more than simply […]
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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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
