Social Security can be impacted by divorce. People have many different thoughts, feelings, and opinions about Social Security. For some people, this program IS their only source of retirement income. Even those who do not need Social Security still expect to receive monthly benefits because of the payments they made into the system while working. […]
Asset transfer mistakes can be easy to make without professional estate planning. Handoffs are not always easy. Whether it involves transferring the baton in a relay race, a handoff from center to quarterback, or passing the ball to a teammate in soccer, precision is key. A simple miscalculation can lead to failure. According to a […]
The death of a spouse means additional responsibilities. Being married has numerous benefits. It allows for constant companionship and emotional support. It also enables couples to divide responsibilities and lighten individual burdens. According to a recent Forbes article titled "What To Do After The Death Of A Spouse," these benefits are immediately lost after a […]
Glenn Frey left both a legacy of music for the world and provision for his family. Many people dream of being a guitarist in a successful band. Few realize this dream. Glenn Frey was one of the few fortunate and talented individuals who made a living from making music for the enjoyment of the masses. […]
Portability elections may not be the best for all families. The federal estate and gift tax exemption is necessary for those with high net worth. Any amount over this threshold is subject to estate taxes. The "unified" exemption is $12.92 million per taxpayer for 2023. Individuals and couples can work with an experienced estate planning […]
Tina Turner left a musical legacy and a large estate. Although celebrities often seem larger-than-life, they are not immune from challenges in life. In the end, they are simply human. Some die tragically alone. Others pass away knowing the care and commitment of loved ones. According to a recent Yahoo News article titled “Tina Turner’s husband […]
A guardianship or conservatorship is a common outcome when no powers of attorney exist. Freedom and independence are common themes in the United States of America. Think 1776. People want to be able to choose how to save and spend their money, as well as where to live and spend their time. While most children […]
A Spousal Lifetime Access Trust (SLAT) can provide protection in asset transfers. Distribution of assets involves numerous considerations. Everyone must address taxes, state laws, and federal laws. Certain families and individuals must also navigate complicated family dynamics. According to a recent The Tennessean article titled “Learn about options for estate planning and wealth transfer,” a […]
In-laws can either bring great joy or great frustration. Family dynamics range from contentious at best to primarily peaceful. Sometimes parents never approve of the spouses their children choose. As my mother-in-law teased, "Behind every successful man is an amazed and astonished mother-in-law!" Other families feel like they gained a new beloved child each wedding […]
Knowing what to do after a spouse has died can be overwhelming. The marriage relationship is a unique relationship. You have made a covenant with another person to love them no matter what life throws your way. Your spouse will see you at your worst and best through life's good and bad circumstances. According 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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