A corporate trustee can benefit the management of a trust. Some tasks can be easily delegated to family and friends. Need groceries from the store? Send your child who can drive. Need plumbing in your bathroom fixed? Perhaps you should evaluate whether anyone has the appropriate skills. According to a recent The Quad Cities Times […]
Placing real estate in a trust can be a good idea for some people. Not everyone owns real estate. Some individuals choose to live their entire lives in apartments to minimize their responsibilities at home when not at work. Others lived in a home but sold it after their children left for college or the […]
Certain events should trigger an estate plan checkup. Nothing in your life happens in a vacuum. Your personal and work decisions impact each other. The decisions of others also can affect you and your loved ones. According to a recent Kiplinger article titled “2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?,” what […]
Estate planning requires attention to detail. If you are an American adult, you should have an estate plan. This planning is not reserved for those who exceed the 2021 federal estate tax exemption of $11.7 million per person. Effective estate plans are essential to protecting you, your assets, and your loved ones. Poor estate planning […]
Creating an effective estate plan requires intentionality. Many people do not prioritize estate planning. If you are taking steps to create a plan, you may think whatever you do will be sufficient. Nope. This mindset could set you and your loved ones up for trouble in the future. The good news? You will be dead […]
The coronavirus underscored the importance of estate planning at any age. Estate planning is often associated with those who are older. This is likely because "seasoned citizens" have experienced more life and are coming closer to the end of their own lifespans. In short, they recognize their own mortality. According to a recent Insurance News […]
Including a living trust in your estate plan has its benefits. It is important to create an estate plan. When done right, it protects everyone you love and everything you have. DIY estate planning can have unintended, negative consequences. This is especially true if your goals and needs would benefit from a trust. According to […]
Creating a living trust can expedite the settlement of your estate. Some people have few concerns when it comes to settling their estates in probate. Perhaps they have minimal assets, uncomplicated family dynamics, and need the probate judge to approve their choice of guardians for orphaned minor children anyway. These individuals may be perfectly happy […]
Estate planning laws may change under Joe Biden. New leadership brings changes. This is true of companies, teams, and the United States government. The recent elections shifted the White House and Senate to Democrat majority. According to a recent St. Louis Business Journal article titled “Estate planning in light of a new presidential administration: What […]
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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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