Marital trusts protect couples and their families. Family gatherings are common during the holidays. For some, these are fairly simple logistically and emotionally. Loved ones live nearby and get along reasonably well. For many, the time is filled with stress around scheduling and relationship dynamics. It can be hard enough to manage holidays between the […]
Updating a last will and testament or a trust may be necessary one or more times after the initial creation of the estate plan. Many ask, "Why should I update my will or trust?" Chances are you are used to the concept of routine maintenance. Hair and nails need to be cut and trimmed. If […]
Poor estate planning can have unintended consequences. “The road to hell is paved with good intentions.” Although the author of this quote is unknown, the words ring true in a number of circumstances. Estate planning is one. According to a recent The News-Enterprise article titled “Advice for avoiding unintended issues in estate planning,” most people do not […]
Blended families have more estate planning "moving parts" to consider. Baking is a relatively benign form of chemistry. Ingredients are combined in specific amounts, at specific times, and at specific temperatures based on how they interact. If done well, the result is a tasty treat. If the ingredients were bad or the measurements were incorrect, […]
The estate and gift tax exemption is set to decrease in 2026. Estate taxes do not affect everyone. With a threshold of $12.06 million for individuals and $24.12 million for married couples, few American households need to plan for federal estate taxes at this time. But, whoa. This may be changing in the not-too-distant future. […]
Blended families bring more complexity to estate planning. Understatement. Many households in America are blended family households. This can be a result of divorce and remarriage. Other times blended families come after the death of a spouse and remarriage. According to a recent The News-Enterprise article titled “In blended families, estate planning can have unintended […]
Blended families may require more strategic estate planning. Many men and women in the United States get married, divorced or widowed, and remarried. As a result, families often consist of yours, mine, and ours children. While many families thrive with more members and more love, more people can also mean more complications. According to a […]
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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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