Creating a checklist when preparing your estate plan is an excellent idea. Some people really like checklists. I know I do. [In fact, I have a checklist for my Friday household cleaning chores sitting right beside me. I will take up that list right after I finish this blog post.] There is great satisfaction in […]
Each quarter of the calendar year provides opportunities for estate planning. Businesses often divide their fiscal calendars into quarters. There are often benchmarks and checkups scheduled every three months. Doing so allows the business to better understand and manage its financial health. According to a recent Victoria Advocate article titled “Make quarterly payments to estate […]
Your "digital assets" require estate planning, too. Traditionally, estate planning has involved the transfer of property like real estate, collections, bank accounts, and investments to the next generation. Although this is still accurate, your property likely includes digital assets now. According to a recent Tech Crunch article titled “What happens to your NFTs and crypto […]
It can be hard to talk about estate planning with your parents. The relationship between parents and children is special. You were utterly dependent on your parents in your early life. At some point, your parents will depend on you. According to a recent Yahoo! Finance article titled “How To Talk to Your Parents About […]
Your estate planning decisions have tax implications. When you think of estate planning, you probably think of who you want to inherit your assets. Perhaps you also consider who would rear your minor children if they were orphaned. What many people do not consider are the tax implications of their planning decisions. According to a […]
Estate planning laws may change under Joe Biden. New leadership brings changes. This is true of companies, teams, and the United States government. The recent elections shifted the White House and Senate to Democrat majority. According to a recent St. Louis Business Journal article titled “Estate planning in light of a new presidential administration: What […]
Estate planning is one important step to caring for your loved ones after your incapacity or death. I have heard many excuses over my career as an estate planning attorney. Many people think estate planning is only for the super wealthy. Others believe it is only important if they are married or have children. These […]
Your digital estate plan should satisfy your needs. We live in a largely digital world. Agreed? Few people can avoid electronics completely. Some people have fully and happily embraced the digital world. Others simply adopt only what is necessary for daily life. According to a recent Next Avenue article titled “Why You Need a Digital […]
Neither your last will nor your revocable trust supersedes your beneficiary forms. Do you have a retirement account? If yes, you have likely seen a beneficiary designation form. Retirement accounts are one of several types of assets passed to heirs through beneficiary designations. Many people simply fill out the form upon the creation of the […]
Personalize your estate plan to meet your specific needs. No one person is exactly alike. Even identical twins have distinctive features. I know, if have identical twin daughters! People have their own goals, families, jobs, and income sources. According to a recent Cleveland Jewish News article titled “Tailoring estate to specific needs leads to better […]
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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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