Distinct differences exist between wills and trusts. Estate planning typically involves creating a will-based or a revocable living trust-based plan. Both have been used for generations to transfer assets to loved ones successfully. While most people have likely heard both terms, they still may be confused about the differences between wills and trusts. According to […]
Transferring guns through estate planning requires unique planning. People tend to have strong feelings about their firearms. Some people appreciate them for their usefulness in hunting and protection. Other people fear them and want them to be completely illegal. According to a recent The National Law Review article titled “In the Crosshairs: Guns in Estate […]
A successor trustee is responsible for the management of a trust. Although many individuals designate themselves as the trustee when they create a revocable living trust (RLT), they may not be able to serve forever. While a RLT allows you to manage your own assets while alive, a RLT also provides directions for assets after […]
Estate administration require attention to detail. Your loved one named you as the executor or trustee through estate planning. Now, your loved one is dead. You know you need to take action. Unfortunately, you are unsure what steps you need to take. According to a recent The Record-Courier article titled “Protecting an estate requires swift […]
Fiduciary duties require trustees to act on behalf of the trust first and foremost. Inheritances can bring out the selfish side of individuals. No, really. Every heir has his or her own idea when it comes to what they are "owed" and what they want to do with their new windfall. After all, they are […]
Successor trustees carry significant responsibilities. You have been named a successor trustee. The problem? You are not sure what this means. Relax, many people asked to be trustees do not know the responsibilities involved. According to a recent nwi.com article titled “Estate Planning: The role of a successor trustee,” you are not alone. First, you […]
Commercial solicitations are permitted by the Missouri Rules of Professional Conduct but are neither submitted to nor approved by the Missouri Bar or the Supreme Court of Missouri.
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.
REMEMBER: “The choice of a lawyer is an important decision and should not be based solely upon advertisements.” This statement is required by rule of the Supreme Court of Missouri.
