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Kyle Krull
Overland Park, KS
Estate Planning Attorney
Recent Activity
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Have you been following any of the latest news stories about the crushing credit card debt owed by the typical American family? Yikes! It is no longer unusual for someone to have more credit card debt than assets. Continue reading
Posted 14 hours ago at Kansas & Missouri Estate Planning
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Revocable living trusts can solve many common estate planning problems. And, many folks (and their professional advisors) think they are a must-have, as evidenced by their popularity. Nevertheless, not everyone needs a revocable living trust as part of their estate plan. Continue reading
Posted yesterday at Kansas & Missouri Estate Planning
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Obviously, unless you intend to sell your family business to a third party, choosing your successor is the initial step in the business succession process. In many instances, this will be an adult child or grandchild assume control of the business. If this is your natural inclination, then be sure to look before you leap. Continue reading
Posted 2 days ago at Kansas & Missouri Estate Planning
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Almost all of us can agree that we receive a lot of free advice, to include in the financial and estate planning area. It can get complicated quickly and there can be too much information on the internet alone. Consequently, many people do not know what to do. They can suffer from a common maladay: over-analysis paralysis. Continue reading
Posted 5 days ago at Kansas & Missouri Estate Planning
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Is your estate plan up-to-date? In my experience, the average age of the estate plans brought in for my review are about as old as the eldest child of those seeking the review. So, again, is your plan good to go, if you are suddenly gone? Continue reading
Posted 6 days ago at Kansas & Missouri Estate Planning
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Quick. What is a "power of attorney"? Is there more than one "flavor"? What are the differences? Continue reading
Posted 7 days ago at Kansas & Missouri Estate Planning
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What do you know about the subject of wills? You likely have heard of them, but may not have created your own. Regardless, there are some facts about wills everyone should know. Continue reading
Posted Jul 22, 2014 at Kansas & Missouri Estate Planning
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The music of Glen Campbell will always be gentle on my mind. After all, his music formed an important part of the 1960s and 70s soundtrack. But, alas, even legends can grow old and feeble as the birthdays pass. Continue reading
Posted Jul 21, 2014 at Kansas & Missouri Estate Planning
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When Lou Reed passed away last October he was already a rock and roll legend. However, did you know he never had a true hit single? Still, at the time of his death, his estate was valued at approximately $10 million. Continue reading
Posted Jul 18, 2014 at Kansas & Missouri Estate Planning
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Many trusts are established with two different groups of beneficiaries. The first group are income beneficiaries. They have a right to the current income the trust property generates. Another group are remainder beneficiaries who get what is left in the trust when the trust ends. Continue reading
Posted Jul 17, 2014 at Kansas & Missouri Estate Planning
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Most people today have numerous online accounts. Likely you do, too. So, what happens to your online digital life when you pass away? Continue reading
Posted Jul 16, 2014 at Kansas & Missouri Estate Planning
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It has become fairly common for elderly parents to add their children as "joint tenants with rights of survivorship" on the family home. So, what is wrong with that? Continue reading
Posted Jul 15, 2014 at Kansas & Missouri Estate Planning
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Estates plans are like a snapshot of your life at a particular point in time. An old photograph shows how you looked at the time it was taken. An old estate plan shows how your property and life circumstances looked at the time it was made. However, just as the way you look changes so does your property and life circumstances. Continue reading
Posted Jul 14, 2014 at Kansas & Missouri Estate Planning
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There is a difference between an "equal" inheritance and a "fair" inheritance. Unfortunately, that difference is commonly in the eye of the beholder. As with most of life's lessons, it is best to learn from the mistakes of others. Continue reading
Posted Jul 11, 2014 at Kansas & Missouri Estate Planning
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Have ever watched the TV show Pawn Stars or a similar show? If yes, then you know how difficult it can be to get the full appraisal value when attempting to sell rare items. Such is the connundrum faced when dealing with rare items and collections. Continue reading
Posted Jul 10, 2014 at Kansas & Missouri Estate Planning
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Whether you have worked hard for your wealth, inherited your wealth or are simply envious of the wealth of others, you likely have an opinion regarding whether inherited wealth is a bad or a good thing. Continue reading
Posted Jul 9, 2014 at Kansas & Missouri Estate Planning
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Much has been written of late regarding Bill and Hillary Clinton and their wealth (or lack thereof?). That issue aside, the Clintons used a qualified personal residence trust (a QPRT for short), as part of their estate tax planning. Continue reading
Posted Jul 8, 2014 at Kansas & Missouri Estate Planning
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Everyone needs to do a little "spring cleaning" and sometimes in the summer ... especially if your forgot to get it done in the spring! Continue reading
Posted Jul 7, 2014 at Kansas & Missouri Estate Planning
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If you are a person of considerable means, then the value of your estate is a definite liability with which you will have to deal. Someday. This is a good problem to have, mind you. Continue reading
Posted Jul 4, 2014 at Kansas & Missouri Estate Planning
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Doctors are used to dealing with medical problems, but have a harder time when it comes to the personal problems of patients - who fail to make basic health care directives. Continue reading
Posted Jul 3, 2014 at Kansas & Missouri Estate Planning
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Estates with precious artworks or age-old antiques face a central paradox: the more priceless an object is, the more important it is to put a price to it. This is the paradox of valuation for tax purposes. Continue reading
Posted Jul 2, 2014 at Kansas & Missouri Estate Planning
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There are really two scenarios for which you must have a plan when it comes to the future of the business. Fail to address both of these scenarios and you are leaving the future of your business to chance. Continue reading
Posted Jul 1, 2014 at Kansas & Missouri Estate Planning
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Everyone who is charitably inclined has only the best intentions when making a gift to his or her favorite charity, yes? However, depending on the nature of the charitable gift, your benevolence may actually cause the charity more harm than good. This is true even when their charitable gift is a part of nature itself. Continue reading
Posted Jun 30, 2014 at Kansas & Missouri Estate Planning
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In every beginning there is an end, and in every planning for the beginning of your company there should also be a plan for the end ... whether all goes well or all goes south. Part of that planning should include any intellectual property you and/or the business may own. After all, this is the information economy and such property can be the most valuable asset. Continue reading
Posted Jun 27, 2014 at Kansas & Missouri Estate Planning
There is an undeniable element of self-expression when it comes to planning for the who should get what, when and how of your estate. When it is all said and done, however, you want your loved ones to still love one another after the distributions are made. Sometimes that is easier said than done. Continue reading
Posted Jun 26, 2014 at Kansas & Missouri Estate Planning