Storing estate planning documents requires thoughtful attention. You have created an estate plan. This is good. You have done more than many of your peers. Okay, feel free to pat yourself on the back. But wait, not so fast. According to a recent The News-Enterprise article titled “Give thought to storing your estate papers,” this […]
Blended families bring more complexity to estate planning. Understatement. Many households in America are blended family households. This can be a result of divorce and remarriage. Other times blended families come after the death of a spouse and remarriage. According to a recent The News-Enterprise article titled “In blended families, estate planning can have unintended […]
Transfer on Death accounts and trusts can be useful for assets bypassing probate. Not all assets are treated the same in estate planning. Some assets are best distributed through probate via a last will and testament or outside of probate via a revocable living trust (RLT). Other assets pass through beneficiary designations or transfer on […]
A successor trustee is responsible for the management of a trust. Although many individuals designate themselves as the trustee when they create a revocable living trust (RLT), they may not be able to serve forever. While a RLT allows you to manage your own assets while alive, a RLT also provides directions for assets after […]
It is important for someone to know your financial information. The right to privacy is a value with many benefits. Even so, there are times where failing to share information can prove problematic. One such area involves health concerns. If the physician providing you with medical care does not know your medications or your health […]
A conservatorship is not always controversial like with Britney Spears. Conservatorships have been in the news recently as celebrities like Britney Spears or Amanda Bynes battle their parents for control over their lives and finances. If people were to base their knowledge of conservatorships from only these articles, they would conclude that conservatorships serve no […]
Having health care directives are important for incapacity planning. People often think they are invincible. Illnesses and injuries happen to other people. They will never happen to us or our loved ones. According to a recent The Times-Tribune article titled “Health care directive beneficial for anyone,” these beliefs can have big consequence for you and […]
Designating fiduciary agents in your estate plan prepares you for incapacity. People do not plan to become incapacitated. It simply happens to them. Although accidents and illnesses are often surprises, you should prepare such possibilities. According to a recent Pocono Record article titled “Fiduciary Agents have power to make decisions you’d prefer to make yourself,” […]
Easy is not always better, especially when it comes to estate planning. Life is full of choices. Many factors guide the decisions we make moment by moment when presented with options. The simplest choice is often appealing. According to a recent Florida Today article titled “Estate planning: When you take the lazy way out, someone […]
An estate plan is essential to protect your loved ones and their futures. Estates planning can become quite complex for those with complex assets wealth or family tensions. Those who require a only a "simple" plan, may be surprised at the number of documents required to meet their needs. It is safe to say estate […]
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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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