Elder law and estate planning are not synonymous. Your parent is getting older. In fact, you are recognizing signs of memory problems as well as physical frailty. Although your parent can live independently now, you recognize this will not last forever. You do not know what to do. According to a recent Forbes article titled […]
Failing to designate a beneficiary on your accounts can cause problems for your estate. Assets come in all shapes and sizes. While some assets like a house take up significant physical space, others are held in accounts. Whether these accounts are bank accounts, retirement accounts, or investment accounts; it is likely each of these has […]
One can pass wealth to heirs using a variety of options. Whether you have been working for decades or years, you likely have accumulated assets. While you are alive, you use these to keep you fed, clothed, sheltered, and safe. After you have died, these assets no longer benefit you. According to a recent AARP […]
Inflation can threaten retirement if no action is taken. The health of the economy impacts people all across the United States. It influences job security, standard of living, and retirement planning. In the past year, the consumer price index rose by 5.4 percent. According to a recent Kiplinger article titled “How Big of a Threat […]
A family meeting can be beneficial to estate planning and execution. What comes to mind when you think of having a family meeting? Perhaps you envision the time where your parents told you and your siblings of an upcoming move. Maybe you remember your parents announcing their divorce. Family meetings can trigger feelings of intense […]
Moving to a new state requires updating several legal documents. The process of moving is never simple. It involves packing and unpacking, purchasing or renting a new residence, and saying goodbyes. Moving is further complicated when you move to a new state. According to a recent J.P. Morgan article titled “Changing your state of residence,” […]
An inherited IRA requires special attention. Your parents or your spouse were hard workers. They were also good savers. During their careers, they allocated money each year to their retirement savings. Upon their deaths, you inherited the IRA. According to a a recent Kiplinger article titled “I Inherited an IRA. Now What?,” your relationship to […]
Long-term care is especially important for women to consider. As we age, we require more assistance. For some, failing memory can create dangerous situations. For example, people may take more medication doses than necessary or set kitchen fires by forgetting food left on the stove or that the gas has been left on. Those who […]
Making withdrawals from retirement accounts can backfire. Funding a retirement account when you are employed should be prioritized. By saving in your retirement accounts, you will have money to withdraw in retirement. These retirement savings become a significant source of income when your are in your golden years. According to a recent Smart Asset article […]
Women should plan for long-term care needs. The health of both men and women decline as they age. That is an unavoidable fact. Despite the universality of aging and death, women tend to live longer than men. About 74 percent of single households for those over age 80 are women. Need some anecdotal proof? Visit […]
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
