Kansas and Missouri Estate Planning Blog

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Economy

Does the Economy Impact Estate Planning?

POSTED ON: November 3, 2022 BY: Kyle Krull
The state of the economy will impact your estate planning. For better or worse, money is necessary for life in American society. People work to earn money to pay for food, clothing, shelter, and healthcare. When the economy changes, so do the financial circumstances of individuals and families. According to a recent Financial Advisor article […]
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Gifting money

How Does Gifting Money Benefit Me?

POSTED ON: December 3, 2021 BY: Kyle Krull
Gifting money before death can be a wise estate planning move. Money and taxes cannot be separated. When purchasing and selling, taxes are usually in the mix. With estate taxes, the government tries to take a cut of your money postmortem. Although the current federal estate and gift tax exemption is $11.7 million per person […]
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SLAT

Can Both Spouses Have a SLAT?

POSTED ON: June 1, 2021 BY: Kyle Krull
Married Americans may be able to use a SLAT in their estate planning. Estate taxes allow the government to take a portion of what people own when they die. Some people will only be impacted by this at the federal level. Others will owe money to both federal and state governments, if the latter imposes […]
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