The probate process requires the executor (also known as the "personal representative") to take specific steps. The loss of a loved one is difficult. In the midst of grieving, families must also settle the estate of the deceased. This process is simpler if there is a last will and testament in place. Whether there was […]
You could save money on your Medicare plan with appropriate planning. The start of autumn means Medicare open enrollment is drawing near. If you are currently enrolled in Medicare, you are likely aware of this fact. In fact, you have likely received an “annual notice of change” from your Medicare plan. According to a recent […]
Your ex-spouse could inherit your estate without proper planning. You are divorced. This means you have an ex-spouse. Divorce proceedings and laws governing divorce can feel complicated and overwhelming. After the divorce is official, you likely do not want to thing about it ever again. According to recent Nj.com article titled “My brother died of COVID-19. […]
Making withdrawals from retirement accounts comes with consequences. COVID-19 has triggered an economic downturn. As stock values have dropped, people have lost chunks of their nest eggs. Depending on their careers, their earned income may have fallen or disappeared. Making withdrawals from 401(k)s or IRAs may seem like the best option. According to a recent […]
Beneficiary designations must be "aligned" properly for an effective estate plan. Estate planning seems simple. You get a last will and testament. You sign it. Everything is set. Right? According to a recent Kiplinger article titled “Beneficiary Designations – The Overlooked Minefield of Estate Planning,” you may have overlooked a very significant aspect of estate […]
COVID-19 threatens retirement savings for many. Perhaps you saved early for retirement. Maybe you waited until later in your career. Either way, your retirement savings were invested for future growth. All was well. Unfortunately, COVID-19 threatens your retirement because of the economic downturn. Is all hope lost? According to a recent USA TODAY article titled […]
Protect your family through estate planning. Picture what is important to you. Do you have that picture clearly focused in your mind's eye? Did you envision your spouse and your children? Now, picture them without you. Do they still have the family home? Will there be tuition for college? Is there still food on the […]
IRA withdrawals can trigger penalties. You have an IRA. Perhaps you have more than one. You have signifiant assets tied up in these accounts. Can you access and use this money? According to a recent Investopedia article titled “9 Penalty-Free IRA Withdrawals,” the answer is not so simple. How so? Making IRA withdrawals make bring […]
Unpaid debts may haunt you. No one likes unpaid debts. They can feel suffocating. The grief of losing a loved one is even worse. According to a recent nj.com article titled “Is mom liable for my dead father’s credit card debt?,” no one wants to combine the two. If you recently lost a loved one, […]
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 […]
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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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