Estate plan updates are vital to protecting loved ones and your assets. What comes to mind when you consider risky behavior? Tom Cruise in "Risky Business"? I digress. Perhaps you think of climbing a mountain without ropes. Maybe you envision people parachuting out of perfectly good airplanes. You likely believe few people choose high stakes […]
A payable on death account is one means of transferring assets to heirs. There are several ways assets are distributed. The most commonly recognized is a last will and testament. Other options include gifts, trusts, and beneficiary designations. According to a recent Sports Grind Entertainment article titled “Payable on Death (POD) Accounts,” a payable on […]
It is possible to avoid probate with estate planning. For many, probate sounds like a scary word. Although probate is essentially the process for settling an estate in the local court, it can produce anxiety. Probate is often associated with lengthy proceedings and greater tax consequences. These negative aspects of probate are heightened when a […]
Unmarried couples need to prioritize estate planning. You have found someone you love. You have moved in together. Neither of you wants to get married. And it seems this practice is becoming more common. From 2007 to 2016, the number of cohabiting couples increased from 14 million to 18 million. According to a recent CNBC […]
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 […]
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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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