Kansas and Missouri Estate Planning Blog

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LLC

How Can an LLC Protect Business Owners?

POSTED ON: February 22, 2024 BY: Kyle Krull
Establishing an LLC can provide a greater distinction between business and personal assets. If you are self-employed, you likely feel the weight of providing for yourself and your family while caring for your customers or clients. Risks are taken in both starting and running a business. These risks can take a financial toll through lawsuits […]
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Jimi Hendrix

Why Is the Jimi Hendrix Estate Being Sued?

POSTED ON: June 16, 2023 BY: Kyle Krull
The estate of Jimi Hendrix is facing a lawsuit. Jimi Hendrix is a musical legend. Dying before his 28th birthday, Hendrix left the world with an amazingly unique music collection. Although born in the United States, Jimi Hendrix found his musical home in the United Kingdom. According to a recent Rolling Stone article titled "Jimi […]
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NFL

Are NFL Teams Automatically Inherited?

POSTED ON: October 3, 2022 BY: Kyle Krull
Estate planning for NFL teams is no small matter. Passing along assets to the next generation requires thoughtfulness for anyone. It involves even more planning when a business is one of these assets. Business succession planning and estate planning certainly must be "tackled" together, especially when the business is a professional football team (pun intended). […]
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Bypass Trust

When Might a Bypass Trust Be Better than Portability?

POSTED ON: February 2, 2022 BY: Kyle Krull
Married couples can utilize a bypass trust to provide more estate planning control. Both married and single people must face the challenges of life. They must go to work, pay bills, and navigate the deaths and illnesses of loved ones. Eventually, they must face their own deaths. It is best to have an estate plan […]
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James Brown

What Happened to the Estate of James Brown?

POSTED ON: August 17, 2021 BY: Kyle Krull
James Brown left a mess with his estate plan. During his life, James Brown recorded numerous hit songs. These tunes included “A Man’s World,” “Pappas Got a Brand-New Bag,” and “I Feel Good.” While he struck audiences with flashy performances, his life was plagued with problems. According to a a recent Associated Press article titled […]
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Celebrities

What Estate Problems Have Celebrities Left?

POSTED ON: July 19, 2021 BY: Kyle Krull
Many celebrities have failed at estate planning. It is common for Americans to be envious of celebrities. Their talents, money, and influence can be quite appealing. Although the life of a celebrity may appear glamorous, they too have their struggles. According to a recent Forbes article titled “Lessons to be Learned From Failed Celebrity Estates,” […]
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Disinheriting a child

Is Disinheriting a Child Hard to Do?

POSTED ON: February 22, 2021 BY: Kyle Krull
The act of disinheriting a child must be thorough. It is not uncommon for family relationships to undergo strain. Family members may become estranged and not see one another for decades. Other families simply suffer from diminished trust. Some children grow up. Other children ... just continue to have more birthdays. In short, not all […]
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