Estate planning has many purposes. Few people believe they have an estate. This would be true if they define an estate as having a mansion with land and servants. Think Downton Abbey. With this definition, very few would qualify. When it comes to estate planning, there is far broader definition of an estate. According to […]
A safe deposit box is not the best storage location for everything of value. Many people do not own a home safe. Instead, they believe it is best to utilize the security of the local bank. They sign up for a safe deposit box and begin placing their valuables into the little box. According to […]
DIY estate planning can create an unsolvable mess. It is common to ask people for advice or guidance. You can save time and money if you tackle and complete a project on your own. In most cases, this is harmless, even if the person you ask is not qualified to answer. Other instances? The stakes […]
A power of attorney is essential for any college freshman. Fall is quickly approaching and school is starting back up here in Kansas and Missouri. While elementary school kiddos have been shopping for pencils, paper, and markers to prepare for school, college students have been buying textbooks and purchasing bedding for their dorms. Although physical […]
It is important to follow the estate planning fundamentals. Many people believe wealth is the pivotal factor for estate planning. This is inaccurate. Age is actually the determinative factor when it comes to whether a person needs an estate plan. Generally, anyone age 18 or older would benefit from making preparations for incapacity or death. […]
Single seniors should not ignore estate planning. There are many things in life people do not enjoy doing. Often these tasks are easier to tackle with a support system. They are also easier to remember when people remind you they need to be done. This can apply to relatively simple tasks like making dinner. According […]
Storing estate planning documents requires thoughtful attention. You have created an estate plan. This is good. You have done more than many of your peers. Okay, feel free to pat yourself on the back. But wait, not so fast. According to a recent The News-Enterprise article titled “Give thought to storing your estate papers,” this […]
Every adult can benefit from an estate plan. People are adept at making excuses to avoid certain tasks. Sometimes these are inconsequential. Other times they can be detrimental. According to a recent Florida Today article titled “No matter your age, income or crushing debt, you should have an estate plan,” the reasons people give for […]
Certain estate planning documents are non-negotiable. People do not always like doing things they should do. Avoiding these necessary tasks can lead to future problems. Skipping regular visits to your dentist can lead to tooth decay. Neglecting to change the oil in an automobile can cause engine damage. According to a recent The Ascent article […]
Estate planning is not limited to a last will and testament. If you have watched a Hollywood movie or read a novel about someone leaving an inheritance, you have likely heard of a last will and testament. This is unsurprising as it is the most common legal document used to distribute assets to heirs. Unfortunately, […]
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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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