Remarriage requires careful planning. The holidays are a popular time for engagements. Wedding plans may now in the works for you. Congratulations! All marriages take careful planning and involve important discussions about finances and futures. According to a recent U.S. News & World Report article titled “6 Financial Considerations for Remarriage,” these discussions are even […]
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 […]
Blended families require strategic estate planning. Blending two families is no small task. You have two households coming together rather than simply two people coming together. Whether your new family is formed after losing both of your former spouses to divorce, death, or a combination, things can get complicated fast. According to a recent The […]
Inheritances can be complicated for heirs. When you think of inheritances, what do you envision? Money? A house? Family heirlooms? The end to all your financial troubles? Although inheritances can be helpful, according to a recent Canyon News article titled “Three Setbacks Associated With Receiving An Inheritance,” they can cause their own problems. What kind […]
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 […]
A trust can provide inheritance protection. Your child is married. You should be happy. Instead, you are upset. You do not like your new son-in-law or daughter-in-law. According to a recent nj.com article titled, “My daughter is getting married. How can I protect her inheritance?,” you are not alone. You cannot control who your children […]
Thanks to "entropy" (the Second Law of Thermodynamics), everything in creation requires an "amendment" from time to time. Surprise. This very law applies to estate plans, too. You have an estate plan in place. You worked with an estate planning attorney. It met all of your needs to protect everyone your love and everything you […]
A last will and testament is a necessary requirement for most estate plans. You know you need a plan for asset transfer when you die. You do not want to create a will. After all, surely there are cheaper ways to do this than engaging the assistance of an estate planning attorney. Right? According to […]
A trust can help you avoid probate, but you still need a "pour-over" will. Trusts are not only for the wealthy seeking to minimize estate taxes. They are useful for bypassing probate, too. Sometimes probate can take a long time and cost a lot of money. It may be worth the extra time and money […]
Estate planning is for everyone. Perhaps you are a young adult. Maybe you are married with small children. You could be divorced and remarried. According to a recent Cincinnati Business Courier article titled “Estate planning considerations for every stage of life,” estate planning is always relevant and necessary. Death and incapacity can come out of […]
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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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