Some individuals could get away with having either a trust or a will. Estate planning involves making decisions. You will need to choose who makes decisions if you become incapacitated. It also will be important to select heirs and perhaps protect their inheritance "for" or "from" them as needed. According to a recent MSN recent […]
A dynasty trust allows for generational wealth transfer. There are a variety of ways one can pass assets to their heirs. These include last wills and testaments, beneficiary designations, and trusts. Within the trust category alone, there are several subtypes. According to a recent Kiplinger article titled “A Smart Option for Transferring Wealth Through Generations: […]
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 […]
A pot trust can provide flexibility in estate planning. You know you need an estate plan. The problem you face is knowing what you should include in your estate plan. Should you use a will-based plan or a revocable living trust-based plan? According to a recent Wealth Advisor article titled “How Does a Pot Trust […]
Every estate plan needs an occasional checkup. You have an estate plan in place from years ago. Perhaps you think your affairs are in order. They may be. On the other hand, the may not be. Similar to doctor visits, checkups are important. According to a recent Kiplinger article titled “2021 Estate Planning Checkup: Is […]
How a power of attorney is phrased will impact the authority granted. So much in life is outside of our control as individuals. Accidents and illness can strike at any moment and leave you or your loved ones incapacitated. When this happens, the incapacitated individual can no longer manage his or her finances. According to […]
Estranged children cannot be ignored in your estate plan. Families can be sources of great joy and great pain. Although many people want close and positive relationships with their loved ones, this is not always a reality. Children become estranged for a variety of reasons. According to a recent The News-Enterprise article titled “Estate planning […]
It is no small task to settle an estate plan? Your loved one recently died. You have not only lost your loved one. You are also at a loss for what to do next. All you feel capable of? Deeply missing your loved one. According to a recent Cleveland Jewish News article titled “Funeral arrangements, […]
Adult dependents may require special care in estate planning. When you think of dependents, you likely consider your minor children. Minor children certainly need parents for support, shelter, and care. You may not think about your adult children. According to a recent Parents article titled “Wills and Trusts for Adult Dependents,” some adult children remain […]
Estate planning can be a difficult subject to discuss with loved ones. You may be perfectly comfortable talking about death, incapacity, and estate planning. This does not mean your loved ones will feel the same way. Thinking about mortality can be uncomfortable for many. Taking stock of everything required when organizing an estate can feel […]
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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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