Melinda Gates and Bill Gates are revisiting their estates plans after their divorce. Few people can call themselves millionaires. Even fewer can call themselves billionaires. Bill and Melinda Gates are two of these individuals. According to a recent Page Six article titled “Melinda Gates could be angling to change kids’ $10M inheritance in split,” having […]
Creating a trust can provide estate planning protections for your children. Your children are adults in the eyes of the world. Even so, your adult children will always be your babies. As such, you still want to protect them. Some children grow up and other children just keep having more birthdays. According to a recent […]
A family-owned business will likely fail without a business succession plan. You run a family-owned business. Serving your clients or customers brings you both joy and income. In fact, your business is your most significant financial asset. This means you have much to lose through life events, whether disability, retirement, or death. According to a […]
The estate of Larry King underscores the importance of estate planning. Larry King had both highs and lows in his career and his personal life. Despite these challenges, he had an uncanny ability to persevere after mistakes and mishaps. According to a recent The National Law Journal article titled “Larry King Will Contest—Key Takeaways,” this […]
Larry King had a career and relationships characterized by highs and lows. Even legends do not life forever. His health had been poor the past few years, when he died at age 87. Larry King had a history of heart trouble and a stroke prior to his contracting COVID-19. According to a recent Wealth Advisor […]
Yes, Virginia, an inheritance can cause conflict in marriage. You have recently accepted a large inheritance. Although you miss your loved one, you know these assets were left to you to be used. You begin to wonder how to utilize the money and start making "to purchase" lists in your mind. Then, you pause. Should […]
You should prioritize an estate plan checkup. Many people understand the importance of scheduling regular medical checkups. They know time impacts their general health and wellness in minor and major ways. Finding health problems sooner rather than later almost always leads to better outcomes. According to a recent Pittsburgh Post-Gazette article titled “Time for a non-medical […]
You may be entitled to Social Security benefits from your ex-spouse. You are divorced. Throughout your marriage, you put your career on hold. Your spouse worked in a traditional job. You took care of managing the household. You were not able to have Social Security withheld from your paycheck. According to a recent nj.com article titled “I’m […]
You must be extra attentive when disinheriting a family member. You know how you want your estate distributed when you die. You also have chosen to "disinherit" certain family members. Your decision will make some people angry. According to a recent Times Herald-Record article titled “Dealing with disinheritance, spouses,” estate planning can feel especially complicated […]
There are certain times in life when you should update your last will and testament. If you already have a last will in place, you have done more planning than the majority of your fellow Americans. Although you can certainly congratulate yourself, do not become overly confident. Your last will needs to be reviewed and […]
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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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