Solo retirement requires financial planning. Most people will be single in retirement at one point. Why? Some people live their entire lives single. As married couples age, one spouse typically outlives the other. "Gray divorce" is also growing in prevalence. According to a recent Go Banking Rates article titled "Why Every Woman Needs To Plan […]
Retirees and others can benefit from a revocable living trust. Estate planning attorneys ask for a lot of personal and financial information when meeting new clients. Some people find this to be inconvenient. This simple inconvenience serves an important purpose. It helps the estate planning attorney conceptualize the needs of the clients because the information […]
Retirees should not be frivolous in retirement spending. People like to reward themselves. On a small scale, this may involve a small sugary treat at the end of a long work week. On a larger scale, it may involve big-ticket items like a brand-new sports car or a luxury vacation. According to a recent msn.com […]
Downsizing can take a lot of preparation. Living in one place for any length of time typically comes with an accumulation of stuff. Sometimes, a lot of stuff. This is true whether your child moves back from college after nine months in a dorm or whether you move from a family home you have occupied […]
Musicians often struggle in retirement. Retirement is a goal for most Americans. Some people desire to retire early and simply travel and rest. Others love productivity and desire to continue working in some paid or volunteer capacity, even in their golden years. Still, other people prefer a "semi-retired" lifestyle, balancing work and play. For some […]
Making home improvements can help people live more independently as they age. Houses require a lot of TLC. At the minimum they require maintenance. People often also choose to make renovations to the home by updating flooring, bathrooms, and kitchens. These improvements often increase the value of the home. According to a recent US News […]
Social Security may be running out. Retirement can be intimidating for many Americans. Without a continual stream of income, it is challenging to pay bills or cover the costs of daily living. Many Baby Boomers have been working at least since their early teen years, if not earlier. Work is just part of our DNA. […]
Adjustments will be made to Social Security in 2023. Income is fairly straightforward prior to retirement. People are either self-employed or work for someone else. They get paid for goods or services provided. According to a recent Money Talks News article titled “5 Ways the Social Security System Will Change in 2023,” income in retirement […]
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 […]
The cost of long-term care is not going down. People are not all powerful. They cannot stop the steady march of time. Even making healthy decisions does not stop the aging process. As people get older, they require more assistance as their bodies begin to fail. According to a recent The Indiana Lawyer article titled […]
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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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