A will and an estate plan are not synonymous. People tend to categorize things and ideas. If the category is broader, then several things can have this label. For example, all cats and dogs are animals. Still, not all animals are cats and dogs. Neither is a cat a dog. However, there are some cute […]
Some documents are essential in an emergency. Most people think tragedy will strike anyone but them. When serious accidents, debilitating illnesses, or natural disasters do happen, they are disorienting and frightening. People are thrust quite suddenly into emergency situations. According to a recent MarketWatch article titled “3 tasks your family needs to complete to ease […]
Estate planning needs vary according to age and life stage. People change throughout their lives. Perhaps you have noticed this. Not only do we grow physically from infancy to adulthood, but new goals and priorities also develop. These influence choices within various areas over our lifespans. According to a recent The Seattle Times article titled […]
A co-trustee can be helpful in the administration of an estate. Revocable trusts can simplify the distribution of assets after death. Often trustmakers (aka grantors) make themselves the trustees of revocable trusts while they are alive. In addition to serving as trustees themselves, some individuals choose to appoint co-trustees. According to a recent The Street […]
Choosing agents requires careful consideration. Very considered consideration. Successful estate planning, including incapacity planning, does not rely on the validity of the signed documents alone. Although the preparation and execution of the documents is essential, the content is equally important. The right fiduciaries and agents must be clearly appointed. According to a recent Nasdaq article […]
College students should prioritize their estate planning. No, really. Attending university is often the first time young adults are away from their families for longer than a few weeks. They must learn to juggle all aspects of their lives like homework, laundry, and meal planning. As college students practice their independence, it is helpful to […]
Certain actions should be taken after the death of a loved one. Although death means the end of the life and responsibilities for the decedent, the responsibilities of others increase. Often those who must take action are those who are closest to the person who died. These duties can feel overwhelming in the midst of […]
Nope. Just kidding. A comprehensive estate plan protects assets and loved ones. A lot of people really like to have control. It helps them to feel more secure. That likely includes you, yes? Although you cannot always control what happens to you, you can prepare for what is outside of your control. According to a […]
Dementia and Alzheimer’s require thoughtful, but quick action. Hearing a doctor pronounce a diagnosis of dementia or Alzheimer’s is devastating. It impacts both the patients and their loved ones. Fear is a common response as the progression of the disease leads to loss of memories, personality, relationships, and independence. According to a recent Next Avenue […]
Gifts can be a helpful way of reducing estate tax liability. Estate taxes can cost certain estates significantly. Because taxes can reduce inheritances to heirs, it is not surprising when people try to plan strategically to reduce these costs. Sometimes these give rise to cases and questions in Tax Court. Rut row. According to a […]
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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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