Strategic action can reduce taxes on your inheritance. You received an inheritance recently. You are not sure whether you need to pay taxes. Although there is no federal inheritance tax, certain states levy an inheritance tax. According to a recent The Street article titled “4 Ways to Protect Your Inheritance from Taxes,” your inheritance could be […]
An experienced estate planning attorney is the key to a successful plan. Estate planning can be challenging. It is not easy to think about your own death, let alone disability. It is even more difficult to discuss it. Most people have a desire to protect and provide for their loved ones. They simply do not […]
A family trust is set up specifically to benefit your family. You have thought carefully about your estate plan. You know a last will and testament is sufficient for many people. However, when you consider your goals, you think you may require more. According to a recent Yahoo Finance article “What Is a Family Trust […]
Different trusts serve different purposes. You likely have heard about trusts as part of estate planning. You know that one use of trusts is to bypass probate when it comes to transferring assets. This sounds appealing to you. Perhaps you will utilize a trust in your estate plan. According to a recent Investopedia article titled […]
A revocable trust can be dissolved. When it comes to trusts, there are two primary categories. The first is an irrevocable trust. The other is a revocable trust. The primary differences are found their names. The revocable trust is designed to be relatively easily changed or dissolved at anytime by the creator of the trust […]
Fix estate planning issues with the help of an experienced estate planning attorney. You created an estate plan. Maybe you did so by yourself. Perhaps you utilized the services of an "inexperienced" attorney. Whatever the reason, you noticed some problems. According to a recent The Wilmington Business Journal article titled “Repairing Estate Planning Mistakes: There […]
Trust funds are not only for the super wealthy. You have heard of trust funds. Perhaps you envision the Rockefeller family. Maybe you visualize mansions, diamonds, and summer homes. According to a recent Business Insider article titled “A trust fund gives you control over your money after you’re gone, and it’s not just for the […]
Trusts do not nullify all taxes. Your parents or grandparents created a trust or trusts as part of their estate planning. Maybe they wanted greater control in asset distribution. Perhaps they simply desired to shield their wealth from estate taxes. Whatever the reason, as part of their planning they used trusts to provide the trust […]
A living trust is a useful tool. Your estate plan needs a trust. Perhaps this is because you need to avoid an estate tax, whether at the state or the federal level. Maybe you have irresponsible heirs or heirs who are minors. Perhaps you simply want to avoid probate. According the a recent Yahoo! Finance […]
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
