The lifetime gift tax exemption will increase in 2023. As 2022 draws to a close, people are more interested in tax guidelines in 2023. Tax laws and exemptions are often impacted by the economy. Knowing these numbers is helpful for estate and tax planning in the coming years. According to recent Forbes article entitled “Lifetime […]
Tax exemptions may be changing with new legislation. Although the actions and decisions of people impact other people, most choices have a minimal reach. This is not the case when it comes to state and federal lawmakers. The choices made by those in power affect Americans for generations. According to a recent Mondaq article titled […]
Successful estate planning does not just happen. The past year has been one filled with much loss. People have been let go from jobs. In fact, jobs have disappeared. The robust economy under President Trump has been crashed. Loved ones have died. According to a recent Accounting Web article titled “A Simple Guide to Estate […]
You can learn a lot from the estate plans of celebrities. Many Americans are enthralled with celebrities. These could be athletes, actors, musicians, politicians, or even social media “influencers.” People love to see others succeed. Some people also enjoy watching them fail. As an estate planning attorney, I take no pleasure in the consequences of […]
You should take action on your estate plan before the end of 2020. It is now November. No, really. We are fewer than two months away from the start of a new year. 2021. Yikes! This year has brought many challenges <understatement> and has underscored the importance of estate planning. Although we cannot predict what […]
Family businesses require careful planning for future longevity. Very careful. You are a small or mid-sized business owner. In fact, your business is a family business. Perhaps you started it yourself. Maybe you inherited it from your parents. You want to pass this legacy on to your own children and grandchildren. Unfortunately, times are uncertain […]
COVID-19 impacts estate planning. So much has changed for Americans in the past month. Schedules of work and school have been disrupted. Parents are now balancing online meetings with managing the at-home education of their children. Some people have lost their jobs entirely. Contact between family and friends has been limited to phone calls 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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