Physicians should have estate plans. Doctors undergo long years of schooling and residency to practice medicine. This requires incredible focus and dedication. As they begin their practices, these physicians shift this attention to building and maintaining their practices. According to a recent Medical Economics article titled “Physicians, get your estate in order or the court […]
An inherited IRA can carry significant taxes and fees. Gone are the days of the stretch IRA. The ability of families to pass their retirement accounts through generations was a beneficial tool for many. With the passing of the SECURE Act, an inherited IRA has a limited shelf life. According to a recent Aol.com article […]
Probate is how the government oversees estate settlement. Most Americans do not understand probate. They have read news articles about celebrity estate battles or have heard stories from friends about the challenges they have faced. Stories like these often lead to people to feel fear and dread about the future of their own assets. According […]
Mobility and independence decrease with age. No surprising revelation there. People often take their mobility for granted. They walk up and down stairs in their homes and workplaces with little thought given to how their bodies allow them to perform such functions. In many instances, people are not grateful for their ability to independently move […]
Bad joints are common with aging. Things wear out over time and with use. This is true of brake pads on cars and batteries in devices. It is also is true of the human body. According to a recent AARP article titled “The 6 Worst Habits for Your Joints,” joints tend to be one area […]
Aging has some benefits for your brain. When you think of aging, you likely envision declining health and bodily functioning. Maybe you think of broken hips, sore joints, and weakening vision. Although general health for many people declines with age, there are some areas where you may find improved functioning. No, really. According to a […]
Metabolism changes tend to change as we move through life. What do you think of when you hear the word “metabolism”? Perhaps you think of either having a “high” or a “low” metabolism based on how your body burns calories. Maybe you think about how quickly drugs are absorbed by your body. According to a […]
Today we celebrate the American national holiday known as Labor Day. If you are curious to know more about its origins, read all about it on the official U.S. Department of Labor website. The celebration of labor and enjoying the fruits thereof is nothing new. In fact, as King Solomon repeatedly observed millennia ago, “there is […]
RMDs can be taken efficiently or inefficiently. Required minimum distributions (RMDs) are essential to traditional IRAs. Because contributions to these accounts are tax-deferred, the government will levy taxes when distributions are made. At these times, the withdrawals will be taxed as ordinary income. According to a recent Kiplinger article titled “2 Essential Strategies for Taking […]
Retirement can become more expensive with Medicare mistakes. There are many benefits to leaving the workforce for retirement. You have more freedom for hobbies, friends, family, and travel. Retirement also comes with new responsibilities and decisions. According to a recent Money Talk News article titled “5 Medicare Mistakes to Avoid for a Healthy Retirement,” navigating […]
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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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