Remarriage for seniors is not uncommon. Although many people envision young couples when they think of weddings, people get married and remarried at any age. For some, divorce or death leads to being single again. For others, they have simply waited longer to find the love of their life. According to a recent MSN article […]
Secondary beneficiaries may save your estate plan. Having backups in place is a wise move. It is helpful both personally and professionally. Backing up the hard drive on your computer can protect important information or projects from being destroyed. Syncing your phone to the cloud can prevent sentimental photos from being lost forever. According to […]
Young adults should prioritize estate planning. Although your chances of dying increase as you get older, death can come at any age. As my maternal grandfather would say, "The old must die and the young may die." Most people do not enjoy thinking about their own mortality. I get that. Who does? Against this backdrop, […]
The unexpected death of a spouse is devastating. Many factors in life cannot be controlled. Some of these can lead to untimely deaths. Even those who make healthy decisions can become victims of tragic accidents, sudden illnesses, or unfortunate genetics. According to a recent New Haven Register article titled “Are you prepared if your spouse […]
Early retirement does not have to mean full retirement. People are not always able to retire when they planned. Sometimes life has a way of throwing us curves. Whether a business downsizing or a serious illness forces early retirement, people may need to be creative when it comes to funding their golden years. According to […]
Distributing assets through probate is more complicated without an updated last will and testament. Many things should be accomplished within a specific window of time. Winter wheat must be planted in the fall and harvested in the summer. Health insurance must be renewed or plans changed during open enrollment. Estate planning documents should be created […]
RMDs are governed by the IRS. The process of levying and collecting taxes involves many people. The IRS is tasked with overseeing the proper payment of these taxes. According to a recent AARP article titled “How an IRS Rule Update Impacts Required Minimum Distributions,” the IRS also adjusts formulas used for required minimum distributions (RMDs) […]
It is important for someone to know your financial information. The right to privacy is a value with many benefits. Even so, there are times where failing to share information can prove problematic. One such area involves health concerns. If the physician providing you with medical care does not know your medications or your health […]
Life insurance has several estate planning perks. Estate planning allows you protect your loved ones and provide for them. Although estate planning is important for those without children or spouses, it is critical for those with families. Those you leave behind have more at stake when you die. According to a recent Kiplinger article titled […]
Blended families may require more strategic estate planning. Many men and women in the United States get married, divorced or widowed, and remarried. As a result, families often consist of yours, mine, and ours children. While many families thrive with more members and more love, more people can also mean more complications. 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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