Owning a small business requires specific estate planning. You are like many Americans. You own a small business. Over the years you have served your community by providing quality goods and services. According to a recent Legal Scoops article titled “3 Ways Estate Planning is Used in Small Business,” your small business will likely die with you […]
Strategic action can reduce taxes on your inheritance. You received an inheritance recently. You are not sure whether you need to pay taxes. Although there is no federal inheritance tax, certain states levy an inheritance tax. According to a recent The Street article titled “4 Ways to Protect Your Inheritance from Taxes,” your inheritance could be […]
An LLC can provide asset protection, as well as other benefits. You want to leave assets to your family. Unfortunately, taxes can take a chunk out of the assets you choose to distribute. What options do you have for preserving the bulk of your estate. According to a recent Investopedia article titled “Using an LLC for […]
An experienced estate planning attorney is the key to a successful plan. Estate planning can be challenging. It is not easy to think about your own death, let alone disability. It is even more difficult to discuss it. Most people have a desire to protect and provide for their loved ones. They simply do not […]
Not everything belongs in a safe deposit box. You have a safe deposit box at your local bank. You have decided to keep all of your important documents, heirlooms, and sums of cash inside the bank. Although this may seem the safe choice, it is not. According to a recent Kiplinger’s article titled “9 Things You'll […]
A family trust is set up specifically to benefit your family. You have thought carefully about your estate plan. You know a last will and testament is sufficient for many people. However, when you consider your goals, you think you may require more. According to a recent Yahoo Finance article “What Is a Family Trust […]
Consider carefully when you transfer ownership of your home. You are a homeowner. This house is likely one of your largest assets. For this reason, it is a significant portion of your estate. According to a recent MarketWatch article titled “Why you shouldn’t give your house to your adult children,” this means you should be […]
Farmers requires thorough estate planning. You are a farmer. The work is in your blood. The land is in your family. You want to keep it this way for generations to come. According to a recent The Bangor Daily News article titled “How farmers can start an estate plan,” you risk loosing everything without an […]
Art can prove a tricky asset in estate planning. You love art. It is beautiful. It is meaningful. It can also be costly. Your precious works of art may become an estate planning challenge. According to a recent Financial Advisor article titled “Putting Art Into Charitable Remainder Trusts,” tangible assets like artwork can be difficult […]
You need a "blueprint" for your estate plan. Do you have an estate plan? The answer is always yes. No estate plan is simply a poor option. It is messy, time consuming, and expensive. According to a recent Forbes article titled “How To Create An Estate Planning Blueprint,” you should have a carefully constructed estate […]
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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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