
How Does Step-Up in Basis Work?
A step-up in basis can reduce capital gains tax liability on assets. Some assets can appreciate in value or lose value while owned. Examples include
A step-up in basis can reduce capital gains tax liability on assets. Some assets can appreciate in value or lose value while owned. Examples include
You can give an inheritance while you are living. Timing can make a big difference. A split second late on a baseball swing can leave
A new widow may require help from experts. Losing a spouse is never easy. It is heartbreaking to no longer have your best friend and
Gifting a home to children can be a more complicated estate transfer. Houses are the most valuable assets for many people. They can also be
Hiring an estate planning attorney is always a good idea. Okay, that sounds self-serving, but stay with me on this. Many people try to do
Farmers should utilize portability in their estate planning. Farming is not an easy profession. Those who care for their land and animals know the will
Making a gift can trigger unintended consequences. Gift giving is an important part of many occasions and celebrations. People give presents at birthdays, weddings, milestone
Splitting an inheritance with a sibling after the death of a loved one can be complicated. Your family is close. All siblings are equally responsible
Trusts have several estate planning benefits. Many misunderstandings exist around estate planning. One of the most common misconceptions involves trusts. People tend to think this
Estate planning is multifaceted. Things are almost never as simple as they look. Professionals spend decades training to perfect their skills whether they perform surgery
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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.