Marriage age gaps make a difference in estate planning. Weddings are joyous occasions. For those who choose to celebrate their marriage surrounded by friends and family, weddings require a lot of preparation. Beyond the wedding itself, marriages require thoughtfulness and communication about a variety of topics. According to a recent Barron article titled “Couples with […]
How a power of attorney is phrased will impact the authority granted. So much in life is outside of our control as individuals. Accidents and illness can strike at any moment and leave you or your loved ones incapacitated. When this happens, the incapacitated individual can no longer manage his or her finances. According to […]
There are many reasons to review and update an estate plan. Paying attention to expiration dates is important. This can save you from unwittingly poisoning yourself from outdated food. It can also ensure your medications are still potent. Although your estate plan will not have an expiration date on your documents, it will have a […]
Each quarter of the calendar year provides opportunities for estate planning. Businesses often divide their fiscal calendars into quarters. There are often benchmarks and checkups scheduled every three months. Doing so allows the business to better understand and manage its financial health. According to a recent Victoria Advocate article titled “Make quarterly payments to estate […]
Your second marriage requires revisiting your estate plan. You have found love again. As your prepare for your second wedding, do not neglect your estate planning. Although your wedding day will be filled with memories and loved ones, your estate plan will impact the future of your new family. According to a recent Mondaq article […]
A trust can serve several purposes in estate planning. When it comes to estate planning, trusts are versatile tools. Although many people consider trusts to be of value only to millionaires and billionaires, this is not accurate. Rather, the average American may find that a trust would best meet their estate planning goals for their […]
Neither your last will nor your revocable trust supersedes your beneficiary forms. Do you have a retirement account? If yes, you have likely seen a beneficiary designation form. Retirement accounts are one of several types of assets passed to heirs through beneficiary designations. Many people simply fill out the form upon the creation of the […]
There are things you should not include in your last will and testament. You have recently inventoried your assets. Your list includes your real estate, your investments, your bank accounts, and your tangible property. With this step completed, you are ready to create an estate plan. According to a recent MSN Money article titled “Things […]
Personalize your estate plan to meet your specific needs. No one person is exactly alike. Even identical twins have distinctive features. I know, if have identical twin daughters! People have their own goals, families, jobs, and income sources. According to a recent Cleveland Jewish News article titled “Tailoring estate to specific needs leads to better […]
Mistakes are part of life, but estate planning mistakes can hurt those you love unnecessarily. Especially given the heightened concerns surrounding the "pandemic," many people are seriously considering their estate planning (or lack thereof). Before you take up your own estate planning, it may be prudent to pause and consider best practices and even learn […]
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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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