Your children may have expectations about what they want to inherit. Parents know each child is unique. Even if there are certain similarities in interests or physical appearance, siblings have different priorities, strengths, and personalities. As a parent, navigating the specific needs of each child can be challenging. According to a recent Entrepreneur article titled […]
The lifetime gift tax exemption will increase in 2023. As 2022 draws to a close, people are more interested in tax guidelines in 2023. Tax laws and exemptions are often impacted by the economy. Knowing these numbers is helpful for estate and tax planning in the coming years. According to recent Forbes article entitled “Lifetime […]
Taking steps to create a successful estate plan will pay off. Many people enjoy knowing exactly what they need to do before taking the required steps to accomplish something. In many cases, it is comforting to know what is expected. Without clear directions, the fear of doing something wrong paralyzes them. I know I feel […]
Neither the probate court nor the probate process itself need be frightening. It is normal for people to have fears. Fear can be healthy and protective. It encourages people to be cautious and careful. One common fear is becoming entangled with the probate court and its process. According to a recent Investopedia article titled “What […]
Nope. Just kidding. A comprehensive estate plan protects assets and loved ones. A lot of people really like to have control. It helps them to feel more secure. That likely includes you, yes? Although you cannot always control what happens to you, you can prepare for what is outside of your control. According to a […]
Dementia and Alzheimer’s require thoughtful, but quick action. Hearing a doctor pronounce a diagnosis of dementia or Alzheimer’s is devastating. It impacts both the patients and their loved ones. Fear is a common response as the progression of the disease leads to loss of memories, personality, relationships, and independence. According to a recent Next Avenue […]
Estate planning for NFL teams is no small matter. Passing along assets to the next generation requires thoughtfulness for anyone. It involves even more planning when a business is one of these assets. Business succession planning and estate planning certainly must be "tackled" together, especially when the business is a professional football team (pun intended). […]
A safe deposit box is not the best storage location for everything of value. Many people do not own a home safe. Instead, they believe it is best to utilize the security of the local bank. They sign up for a safe deposit box and begin placing their valuables into the little box. According to […]
Helen McCrory left her estate to loved ones. Some public figures choose to share every aspect of their lives with others. Other celebrities prefer to keep some or most of their personal lives private. Like Chadwick Boseman, Helen McCrory kept her illness secret. According to a recent SK Pop article titled “What was Helen McCrory’s […]
Some people benefit from placing their home in a living trust. A house is a valuable asset. For many, it is their most significant investment. We certainly have seen a run up in home values of late, yes? Estate planning for these larger assets requires intentional preparation. One route people can take is to create […]
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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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