Kansas and Missouri Estate Planning Blog

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Transfer property

How Do I Transfer Property Efficiently?

POSTED ON: February 15, 2024 BY: Kyle Krull
People must transfer property to others when they die. All humans come into this world with nothing of their own. Toys, clothes, and food are provided to them by their parents or gifted by other family and friends. As individuals go through life, they may purchase a vehicle, a home, furniture, jewelry, and art. Bank […]
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Estate planning attorney

Why Work with an Experienced Estate Planning Attorney?

POSTED ON: January 25, 2024 BY: Kyle Krull
Not working with an experienced estate planning attorney is a risky business. Some people are risk-takers. They enjoy the thrill of adrenaline pumping through their veins as they push the limits. Extreme examples include those who free-climb mountains or skydive. Others are more cautious and calculated. They prefer understanding and controlling as many variables as […]
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Marital Trusts

Who Can Benefit From Marital Trusts?

POSTED ON: December 19, 2023 BY: Kyle Krull
Marital trusts protect couples and their families. Family gatherings are common during the holidays. For some, these are fairly simple logistically and emotionally. Loved ones live nearby and get along reasonably well. For many, the time is filled with stress around scheduling and relationship dynamics. It can be hard enough to manage holidays between the […]
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Put a house into a trust

How Do I Put a House into a Trust?

POSTED ON: November 28, 2023 BY: Kyle Krull
Those who put a house into a trust may find several benefits. Most people find their home is the largest single asset they own. Whether in Overland Park or other parts of Johnson County, real estate prices have increased significantly over the past three years. Because houses are expensive investments, there is greater urgency in […]
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Updating a last will and testament

Updating a Last Will and Testament: 8 Reasons to Revise

POSTED ON: November 21, 2023 BY: Kyle Krull
Updating a last will and testament or a trust may be necessary one or more times after the initial creation of the estate plan. Many ask, "Why should I update my will or trust?" Chances are you are used to the concept of routine maintenance. Hair and nails need to be cut and trimmed. If […]
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Disinheriting

What Challenges Could Arise When Disinheriting Someone?

POSTED ON: November 14, 2023 BY: Kyle Krull
Disinheriting a family member is the choice of the person who creates the estate plan. People are responsible for their own money. They can choose to spend it all before they die, donate it to charity, or leave some, all, or none of it to loved ones. Essentially, an inheritance is a gift, not a […]
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Trust funds

Why Would People Create Trust Funds?

POSTED ON: November 9, 2023 BY: Kyle Krull
Trust funds and wills are both estate planning documents. The average person has likely heard of last wills and trust funds. Last wills receive attention as plot devices in books, television shows, and films. Trust funds are often mentioned when people discuss families with generational wealth, like the Rockefeller family. While these contexts can provide […]
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power of attorney documents

What Can Power of Attorney Documents Do?

POSTED ON: November 7, 2023 BY: Kyle Krull
Power of attorney documents are necessary for incapacity planning. Although a trust is functional while the trustmaker is still alive, a last will and testament is only effective after death. Assets titled to a revocable living trust could be managed seamlessly by co-trustees or successor trustees if the trustmaker becomes incapacitated. Still, any property outside […]
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Dianne Feinstein

Who Inherited from Dianne Feinstein?

POSTED ON: October 27, 2023 BY: Kyle Krull
Dianne Feinstein left a large estate to her loved ones. Most people do not accumulate vast wealth during their lifetimes. Although they may leave inheritances to their loved ones, the assets are usually meager to moderate. They create estate plans not to address tax implications but to ensure the proper individuals are listed as heirs. […]
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Trustee

How Does a Trustee Serve Beneficiaries?

POSTED ON: October 13, 2023 BY: Kyle Krull
A trustee is responsible for trust administration. Trusts are useful estate planning tools for those who want to retain greater control over assets or maintain the privacy of their affairs. Several factors impact whether a trust will be effective. An experienced estate planning attorney creating the documents is critical to a healthy foundation. The trustmaker […]
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