It is possible to reduce funeral expenses. Not everyone plans ahead for their own burials. When they do, these people are often surprised by the cost of funerals. If they do not plan ahead, their loved ones can be left with sticker shock and a hefty bill. According to a recent Kiplinger article titled “Six Ways […]
An irrevocable funeral trust can help in paying for memorials and burials. People set aside money for a lot of things. Many save for tangible items like a car or a home. Others set aside funds for events or experiences like weddings, vacations, or education. According to a recent Yahoo Finance article titled “Pros and Cons […]
It is possible to pre-arrange a funeral. People have the capacity to plan and prepare for the future. Sometimes doing so is exciting. For example, most of us like to prepare for vacations or celebrations. At other times, planning is more mundane, like when creating a to-do list for work. According to a recent Yahoo […]
Paying for a funeral can be a costly expense. Dying is not cheap in America. Families are often left with a significant bill for the costs of burial. The National Funeral Directors Association lists the median cost of burial as $7,848. The average cost of cremation and a funeral is $6,970. Often, these expenses are […]
Grief is intense after the loss of a loved one. Emotions are relatively challenging for many people. The complexity of grief can be particularly chaotic. Not only is a loved one no longer present, but the decedent is often someone who would have helped provide comfort and shoulder postmortem responsibilities. According to a recent Scubby […]
Rapper Coolio died without an estate plan. Many celebrities die without preparing for the transfer of their wealth. When this happens, it can leave their estates vulnerable to taxes and even greedy folks wanting to cash in on their wealth. One recent celebrity who died without an estate plan was Artis Leon Ivey, Jr. who […]
Chadwick Boseman left a legacy of support. People are drawn to superhero stories. They like the idea of someone protecting and caring for others. Although the death of a hero onscreen is hard, the death of a respected person in real life is more devastating. Fans were shocked when the Black Panther actor died on […]
Purchasing funeral services requires careful consideration. Some purchases like groceries occur frequently. People are comfortable with the chore because they do it often. Other purchases like homes, cars, and funeral services are infrequent. Often these bring feelings of doubt and uncertainty. According to a recent The Seattle Times article titled “When shopping for funeral services, […]
Funeral planning can start before a person dies. People seem to fall into two camps. One group cannot stand to think about their own mortality and actively avoid the topic. The other group wonders about their legacy. According to a recent Yahoo Life article titled “Should You Pre-Pay for Your Own Funeral as Part of […]
The finances and health of "elder orphans" are in greater danger than for those who have family. Orphans are a vulnerable population. They have lost both parents and are at risk of being abused, neglected, or exploited. Elderly individuals can also become vulnerable when they have no living spouse or family. One term for these […]
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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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