A trust does little good without trust funding. You secured the services of an experienced estate planning attorney to create a trust. Perhaps you wanted a trust for privacy purposes. Maybe you needed to protect an inheritance for or from your heirs (or perhaps both!). Perhaps avoiding probate was a priority. According to a recent […]
The pandemic has reminded people of limits to their control. At the start of 2020, you likely had many plans. Perhaps you (or a loved one) were going to get married surrounded by friends and family. Maybe you were going to watch your child walk across the stage at graduation. Perhaps you had a large […]
You cannot neglect your finances in retirement. You have recently entered retirement. You are enjoying some time to yourself with fewer responsibilities. Even so, there are certain responsibilities you cannot ignore. According to a recent MoneyTalksNews article titled “7 Money Moves You Should Make After Retiring,” you cannot escape legal matters and financial decisions. What […]
A GRAT can serve as helpful estate planning tool for some people. Federal estate taxes may be problematic for some because of the current low interest rates. As a result, many are looking for a way to reduce their tax liability. Finding the best means of doing so can be tricky. According to a recent […]
Each life stage has unique estate planning needs. Are you young and single? Perhaps you were at one point but are now married with young children. In each stage of life, you are still you. Although this is true, your goals and your circumstances change drastically. According to a recent The News-Enterprise article titled “Life […]
Trusts can be created to serve specific purposes. When it comes to estate planning, people usually have either a will-based plan or a trust-based plan. Those with a will-based plan intend to distribute assets through the probate court. Those with a trust-based plan intend to skirt probate and distribute assets through the instructions provided in […]
Per stirpes and per capita designate how assets transfer to beneficiaries. You know estate planning is important. You scheduled an appointment with an experienced estate planning attorney. This attorney create a last will and testament or a trust to meet your specific goals. You now turn your attention to your beneficiary designations. According to a […]
Business owners require thorough estate planning. You own a business. Perhaps you own more than one business. Whatever the situation, your have a lot of responsibility. Your loved ones, employees, and customers all depend on you. According to a recent The Wealth Advisor article titled “Estate planning for business owners and executives,” business owners have a […]
Disgruntled family members may resort to challenging your last will. Family dynamics are not always simple. Separation and divorce are a possibility. Some children become estranged or fall into addiction. These can be both emotionally taxing and problematic for estate planning. According to a recent Augusta Free Press article titled “Can you prevent someone from challenging […]
Fiduciary duties require trustees to act on behalf of the trust first and foremost. Inheritances can bring out the selfish side of individuals. No, really. Every heir has his or her own idea when it comes to what they are "owed" and what they want to do with their new windfall. After all, they are […]
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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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