Life insurance is a versatile estate planning tool - much like a Swiss Army Knife. Estate planning requires more than a life insurance policy. A life insurance policy does not designate guardians, executors, or financial and healthcare agents. A last will and testament, trusts, and power of attorney documents are required to provide these protections. […]
A life settlement can provide an alternative return on investment. Life insurance is one way to invest in the future support of your loved ones. At the same time, it can also feel like a financial risk. Some people find they never need their policy and receive little to no return on their investment. According […]
Life insurance is traditionally passed through beneficiary designations. Having an income is essential to living in America. Bills must be paid. Groceries must be purchased. Consequently, families who lose a parent with a paycheck are left more vulnerable. According to a recent yahoo! finance article titled “What happens if your life insurance beneficiary dies before you?,” […]
Retirees should not be frivolous in retirement spending. People like to reward themselves. On a small scale, this may involve a small sugary treat at the end of a long work week. On a larger scale, it may involve big-ticket items like a brand-new sports car or a luxury vacation. According to a recent msn.com […]
New parents should protect their children through estate planning. Adulthood brings many responsibilities. Bills and rent must be paid. Groceries must be purchased, and meals prepared. Laundry must be sorted, washed, dried, and folded. Such tasks are no longer simple chores but are necessary for daily living. According to a recent The Motley Fool article […]
It is possible to pre-arrange a funeral. People have the capacity to plan and prepare for the future. Sometimes doing so is exciting. For example, most of us like to prepare for vacations or celebrations. At other times, planning is more mundane, like when creating a to-do list for work. According to a recent Yahoo […]
Paying for funeral arrangements in advance can be helpful to loved ones. Many things are more cost-effective when you plan. Often costs increase due to inflation or supply and demand. Additionally, strategically using credit cards or other rewards programs can lead to a better price. According to a recent Yahoo Life article titled “Should You […]
Some pension options are better than others. True, the amount of money a person makes is important. However, it is also important how this money is handled. Depending on your choices, you may either increase or decrease the funds available. According to a recent Kiplinger article titled “Pension Lump Sum Option vs. Annuity Payment: Which Is […]
Farm transfers should be carefully addressed in estate planning. However, running a farm is not for the faint of heart. The weather dramatically impacts the health of soil and crops. Additionally, animals require daily care. According to a recent Successful Farming article titled “Is 50 Too Early For Estate Planning?,” finding time to create an […]
Lisa Marie Presley made some estate planning mistakes. Estate planning should be undertaken with the help of professionals. This is especially true for more complex estates or family dynamics. Attempting to create or update an estate plan on your own can lead to issues with estate administration. According to a recent Insurance NewsNet article titled “Presley […]
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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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