An inheritance can be tricky to navigate, depending on the asset. Some people are chosen to receive an inheritance. Their loved ones created an estate plan and made a point to include them. Others inherit by default because a relative died intestate. According to a recent CNBC article titled “Receiving an inheritance? Here’s how experts say […]
King Charles III may be exempt from certain taxes. Estate taxes and inheritance taxes are not simply a reality in America. Citizens of the United Kingdom are also subject to death taxes. Estates valued at or above £325,000 pounds are taxed at 40 percent. In American dollars, the equivalent would be an estate of $374,000. […]
A living trust can be good for your home and other assets. The last will and testament is the most commonly recognized estate planning document. It is certainly important to have a last will and testament for nominating guardians and distributing assets through probate. Some people find this document sufficient to meet their estate planning […]
Keeping the family farm requires estate planning. Farmers are known for their hard work, patience, and perseverance. Similar to estate planning, crops only thrive when their specific needs are taken into account. Despite this parallel, about 60 percent of farmers do not have a last will and testament. According to a recent Farm Journal’s Pork […]
Do-it-yourself estate planning can leave an ugly mess. There are people who prefer to tackle projects on their own. For some, this is born from necessity. For others, curiosity or personal growth is the driving force. Perhaps you are someone who prefers do-it-yourself projects. Whether you learn how to tackle a project from your parent […]
Choosing where to retire requires forethought. Picture yourself in retirement. What are you doing? Are you spending time with children and grandchildren? Are you sitting on a beach? According to are recent Tucson.com article titled “Best States to Die In…For Taxes,” you should also consider taxes when choosing where to retire. Consider estate taxes. Although […]
Estate taxes are not going away any time soon. You have heard of estate taxes. Even so, your knowledge of them is limited. You know the exemption threshold has risen in recent years. You also seem to recall hearing that not all states have an estate tax, but that there is a federal tax. Because […]
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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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