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Estate Plan

Why Does the Average American Need an Estate Plan?

POSTED ON: March 14, 2024 BY: Kyle Krull
Creating an estate plan is valuable for the average American not just the super wealthy.
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Young adults

Can Estate Planning Help Young Adults Navigate Their Futures?

POSTED ON: March 12, 2024 BY: Kyle Krull
Estate planning extends beyond the elderly or the wealthy. Young adults should not wait to start their estate planning.
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Tax exclusions

What Should I Know about Gift Tax Exclusions in 2024?

POSTED ON: March 7, 2024 BY: Kyle Krull
Estate planning and tax planning actions should be taken now to maximize tax benefits of wealth transfer.
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QTIP Trust

What Role Does a QTIP Trust Play in Estate Planning?

POSTED ON: March 6, 2024 BY: Kyle Krull
Although QTIP trusts provide both asset preservation and estate tax benefits, working with an experienced estate planning attorney is essential for ensuring this estate planning tool functions properly. 
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Executor

What are the Duties of an Executor?

POSTED ON: February 29, 2024 BY: Kyle Krull
An executor manages the estate administration after a person dies. Some people enjoy delegating, and others not so much. Even if uncomfortable, it is often necessary. Parents delegate responsibility to babysitters so they can attend work or social events. Managers assign tasks to employees to accomplish as part of their work for the business. For […]
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Family trust

Why Would Someone Use a Family Trust in Estate Planning?

POSTED ON: February 27, 2024 BY: Kyle Krull
A family trust is used to support multiple family members. Not all families are the same. I have seen more than 3,000 enter my office over the last 30 years. Some have close relational bonds. Others are affected by trauma, addiction, and broken relationships. Whatever the story, I see how my clients want to protect […]
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LLC

How Can an LLC Protect Business Owners?

POSTED ON: February 22, 2024 BY: Kyle Krull
Establishing an LLC can provide a greater distinction between business and personal assets. If you are self-employed, you likely feel the weight of providing for yourself and your family while caring for your customers or clients. Risks are taken in both starting and running a business. These risks can take a financial toll through lawsuits […]
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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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