Endowed scholarships can benefit your estate and hard-working students. Scholarships are beneficial in paying for higher education. Unlike student loans, these do not need to be paid back. Whether they are awarded for academic achievement, athletic prowess, or a specific heritage or area of interest, scholarship awards reduce the financial burden of pursuing a degree. […]
Your children may have expectations about what they want to inherit. Parents know each child is unique. Even if there are certain similarities in interests or physical appearance, siblings have different priorities, strengths, and personalities. As a parent, navigating the specific needs of each child can be challenging. According to a recent Entrepreneur article titled […]
Investing in cryptocurrency can have financial and estate planning impacts. Making investments is a risky business by definition. Even so, stocks and bonds and other investments are a common and necessary practice for outpacing inflation and for preparing for retirement. With the introduction of cryptocurrency, the landscape of investing looks a little different now. According […]
An inherited IRA can carry significant taxes and fees. Gone are the days of the stretch IRA. The ability of families to pass their retirement accounts through generations was a beneficial tool for many. With the passing of the SECURE Act, an inherited IRA has a limited shelf life. According to a recent Aol.com article […]
Taxes can be steep for those who inherit. At the current exemption threshold, few people will be impacted by the federal estate tax. Although more Americans would be subject to the federal estate tax with the proposed $6 million exemption, many people will still escape an estate tax. Those who live in states with their […]
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 […]
Stock market crashes can impact retirees. Depending on your age, you have likely lived through one or more of the big stock market crashes. Most people remember the 2008 crash. Although this was a significant blow to many, the 1987 crash was actually the worst one in America stock market history. According to a recent […]
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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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