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Adding a child to a home deed

Is Adding a Child to a Home Deed Okay?

POSTED ON: February 21, 2024 BY: Kyle Krull
Adding a child to your home deed can trigger unintended consequences. People tend to choose the easiest option at the moment. Sometimes, selecting this option is harmless, like grabbing the first shirt in your dresser drawer. Other times, it can be the best option for you, like hiring a plumber to fix the sink rather […]
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Transfer property

How Do I Transfer Property Efficiently?

POSTED ON: February 15, 2024 BY: Kyle Krull
People must transfer property to others when they die. All humans come into this world with nothing of their own. Toys, clothes, and food are provided to them by their parents or gifted by other family and friends. As individuals go through life, they may purchase a vehicle, a home, furniture, jewelry, and art. Bank […]
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Endowed Scholarships

How Are Endowed Scholarships Created and Maintained?

POSTED ON: February 13, 2024 BY: Kyle Krull
Endowed scholarships can benefit your estate and hard-working students. Scholarships are beneficial in paying for higher education. Unlike student loans, these do not need to be paid back. Whether they are awarded for academic achievement, athletic prowess, or a specific heritage or area of interest, scholarship awards reduce the financial burden of pursuing a degree. […]
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Life insurance

How Can Life Insurance Work With My Estate Plan?

POSTED ON: February 8, 2024 BY: Kyle Krull
Life insurance is a versatile estate planning tool - much like a Swiss Army Knife. Estate planning requires more than a life insurance policy. A life insurance policy does not designate guardians, executors, or financial and healthcare agents. A last will and testament, trusts, and power of attorney documents are required to provide these protections. […]
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Incapacity Planning

What Decisions Must Be Made in Incapacity Planning?

POSTED ON: February 7, 2024 BY: Kyle Krull
Every adult should prioritize incapacity planning. How often do you drive past a car wreck on the highway in Johnson County, Kansas, or in Jackson County, Missouri? When was the last time you heard of the recent death or tough diagnosis of a friend or relative? Tragedy can certainly strike suddenly. We would not choose […]
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Pour-over will

How Does a Pour-Over Will Work with a Trust?

POSTED ON: January 30, 2024 BY: Kyle Krull
A pour-over will is beneficial in trust planning. Estate planning typically involves trust-based or will-based planning. The distinctions arise from what documents form the foundation of a comprehensive estate plan and how assets are managed and inherited. Although someone may select a trust-based plan, this does not mean they will necessarily bypass using a last […]
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Estate planning attorney

Why Work with an Experienced Estate Planning Attorney?

POSTED ON: January 25, 2024 BY: Kyle Krull
Not working with an experienced estate planning attorney is a risky business. Some people are risk-takers. They enjoy the thrill of adrenaline pumping through their veins as they push the limits. Extreme examples include those who free-climb mountains or skydive. Others are more cautious and calculated. They prefer understanding and controlling as many variables as […]
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Estate Plan

Why Should I Create an Estate Plan in 2024?

POSTED ON: January 19, 2024 BY: Kyle Krull
Having an estate plan should be a priority in 2024. At the start of a new year, many people reflect on the past and set goals for the next twelve months. For many, this involves dusting off the old dumbbells to "get fit." Others may elect to "shop the perimeter" of the grocery store to […]
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End-of-life planning

What is Involved in End-of-Life Planning?

POSTED ON: January 10, 2024 BY: Kyle Krull
End-of-life planning requires certain documents to be signed and in place. Few people enjoy sitting and pondering their own mortality (death), let alone morbidity (incapacity). In addition to considering basic existential questions, many people also have practical inquiries about their personal responsibilities. What will happen to my family? Will my spouse and children have enough […]
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Sandwich generation

Why Does the Sandwich Generation Need Estate Planning?

POSTED ON: January 4, 2024 BY: Kyle Krull
Members of the sandwich generation must juggle responsibilities on multiple fronts. The "sandwich generation" is a term used to describe those who care for aging parents while raising their own children. Although people have cared for family members across generations for thousands of years, those in the sandwich generation still face many unique challenges and […]
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