Some people cannot avoid a will contest despite their best efforts. Estate battles of the rich and famous are often in the news. Small mistakes in ones estate planning can put thousands or millions of dollars in assets at risk. For example, John Lennon failed to name is first son in his last will. The […]
Making mistakes in a last will and testament is costly. Everyone makes mistakes. It is part of being human. Learning lessons from experience allows people to avoid repeating these actions. Sometimes there is not an opportunity for a second chance. In these instances, it is wise to consider the experiences of others. According to a […]
Reviewing an estate plan is too often neglected. Things simply do not improve on their own over time. Examples of entropy are everywhere. You know, that good old "Second Law of Thermodynamics" applied broadly? Weeds pop up in gardens. Dust accumulates on shelves. Paint begins to chip and peel. According to a recent WMUR article […]
It is quite easy to mess up an estate plan. People often feel overly confident about their abilities. They watch a baking show on television and think they create equally delicious treats, especially if they adopt a British accent while baking. Others think they can write a book simply because they can appreciate a good […]
Estate plans need to be updated after a divorce. Rarely do you hear of people getting married with the expectation of divorce in their future. In general, couples enter marriage believing they will be together forever. They build their lives anticipating long-term goals. Many couples include estate planning in these long-term plans. According to a […]
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 […]
Melinda Gates and Bill Gates are revisiting their estates plans after their divorce. Few people can call themselves millionaires. Even fewer can call themselves billionaires. Bill and Melinda Gates are two of these individuals. According to a recent Page Six article titled “Melinda Gates could be angling to change kids’ $10M inheritance in split,” having […]
What is "pandemic estate planning"? It is our phone ringing and online requests for consultations about creating or updating estate plans or just clients want to engage in pandemic estate planning generally. The current pandemic has led many of us focus on weighty existential matters of life, disability, and death. Indeed, after reviewing our assets […]
Picasso was a brilliant artist but a poor estate planner. When you think of "success," what images come to mind? You likely think of famous business people, scientists, entrepreneurs, or artists. Oftentimes, regular folks believe successful people are those we should emulate. According to a recent Celebrity Net Worth article titled “When Pablo Picasso Died He […]
Dying intestate is not ideal for distributing your inheritance. You have heard you need an estate plan. The problem is you do not want to pay for a last will and testament. I get that. Is it really bad to die intestate? According to a recent The Sun article titled “Do I Really Need A Will?,” […]
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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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