Sinéad O’Connor was likely prepared for her death. Many celebrities act as if they can cheat death. Even if they do not believe they are untouchable, they fail to prepare for their eventual demise. There is an interesting irony in this fact, considering how many celebrities have died suddenly from drugs, plane crashes, or unknown […]
New parents should protect their children through estate planning. Adulthood brings many responsibilities. Bills and rent must be paid. Groceries must be purchased, and meals prepared. Laundry must be sorted, washed, dried, and folded. Such tasks are no longer simple chores but are necessary for daily living. According to a recent The Motley Fool article […]
Inherited IRAs are subject to numerous rules. Individual Retirement Accounts (IRAs) are foundational financial tools for retirement planning. They allow you to set aside and invest pre-tax money that grows tax-deferred so you can have an income stream after you have retired from employment. In addition, at one time, retirement accounts were wonderful tools for […]
Heirlooms can trigger conflict among families. While many people value money as an inheritance, family heirlooms are often considered priceless. It makes sense. People can get money anywhere, but there is no replicating the history and meaning attached to family heirlooms. According to a recent The Wall Street Journal article titled "Pass On Your Heirlooms, […]
Robin Williams complicated family dynamics with his estate plan. Robin Williams was a gifted actor and comedian who brought laughter and joy to young and old alike throughout his career. Despite his warm smile and carefree personality onscreen, Williams struggled with his mental health. In August 2014, he took his own life. According to a […]
Asset transfer mistakes can be easy to make without professional estate planning. Handoffs are not always easy. Whether it involves transferring the baton in a relay race, a handoff from center to quarterback, or passing the ball to a teammate in soccer, precision is key. A simple miscalculation can lead to failure. According to a […]
Preparing for the future involves getting your affairs in order. People tend to fall into two camps. They either constantly worry about the future or never consider how their current actions will impact them in the days, months, and years to come. Neither is particularly helpful. According to a recent National Institute on Aging article […]
Storing legal documents in a secure location is necessary. Some people are meticulously organized. Others are fairly tidy but have no rhyme or reason for their physical spaces. Still, others live in complete chaos. According to a recent The Washington Post article titled “Aretha Franklin’s will was in her couch. Here’s where to keep yours,” some […]
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 […]
The death of a spouse means additional responsibilities. Being married has numerous benefits. It allows for constant companionship and emotional support. It also enables couples to divide responsibilities and lighten individual burdens. According to a recent Forbes article titled "What To Do After The Death Of A Spouse," these benefits are immediately lost after 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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