Kansas and Missouri Estate Planning Blog

Portability

When Is the Portability Election Deadline?

POSTED ON: September 5, 2022 BY: Kyle Krull
Portability election rules have been changed. For the better. Taxes are a common consideration in estate planning. The state and federal governments have several means of taxing assets left behind after a person dies. These can include inheritance taxes at the state level and gift and estate taxes at the state and federal levels. People […]
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Helen McCrory

Who Inherited from Actress Helen McCrory?

POSTED ON: August 31, 2022 BY: Kyle Krull
Helen McCrory left her estate to loved ones. Some public figures choose to share every aspect of their lives with others. Other celebrities prefer to keep some or most of their personal lives private. Like Chadwick Boseman, Helen McCrory kept her illness secret. According to a recent SK Pop article titled “What was Helen McCrory’s […]
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Titling assets

What Should I Know about Titling Assets?

POSTED ON: August 25, 2022 BY: Kyle Krull
Titling assets is a key aspect of estate planning. Titling on documents is a lot like labeling. Parents label lunchboxes, clothing, and other items to remind them and others of the ownership of each item. Essentially, titling assets serves to legally label such assets with then identity of their owner. According to a recent FedWeek […]
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New parents

Do New Parents Need Life Insurance?

POSTED ON: August 18, 2022 BY: Kyle Krull
New parents should prioritize getting life insurance. Parenthood changes life significantly. Rather than two adults being responsible for themselves and each other, they must now rear and protect a child. While motherhood and fatherhood expand joy and love, they also bring attending concerns and fears. According to a recent Bankrate article titled “Life insurance for […]
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Premarital Agreement

Did Valerie Bertinelli Have a Valid Prenup?

POSTED ON: August 12, 2022 BY: Kyle Krull
Valerie Bertinelli and Tom Vitale are fighting over a premarital agreement. Being a celebrity does not guarantee a fairy tale ending. While some pop stars, television personalities, and politicians are happily married to one individual, others face one or multiple divorces. Whether a person is well known or anonymous, divorce is never pleasant. <understatement?> It […]
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Marital trust

Should My Spouse and I Use a Marital Trust?

POSTED ON: July 29, 2022 BY: Kyle Krull
A marital trust can be a wise estate planning move for couples. Thinking about death is unpleasant for anyone. It can be especially difficult for those who are married. Sharing life with a partner underscores the loneliness experienced after the death of a spouse. Despite the uncomfortable nature of estate planning, it is essential to […]
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Chadwick Boseman

How Large Was the Chadwick Boseman Estate?

POSTED ON: July 22, 2022 BY: Kyle Krull
Chadwick Boseman left a legacy of support. People are drawn to superhero stories. They like the idea of someone protecting and caring for others. Although the death of a hero onscreen is hard, the death of a respected person in real life is more devastating. Fans were shocked when the Black Panther actor died on […]
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Blended family

What do Blended Family Finances Look Like?

POSTED ON: July 20, 2022 BY: Kyle Krull
Managing finances for a blended family requires clear and open communication. Newly married couples often face some hiccups as they merge into a family unit. This merging can be even more stressful and complicated when the new marriage creates a blended family. Children from previous relationships and the financial habits formed from time as a […]
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Transfer on Death Account

How are Transfer on Death Accounts Inherited?

POSTED ON: July 12, 2022 BY: Kyle Krull
Transfer on Death (TOD) accounts require a beneficiary to be named. Although most people believe money passes to heirs through a last will and testament after probate, but there are alternatives. A trust is one common option in providing greater control over the distribution of assets outside of probate. Additionally, certain assets pass through beneficiary […]
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Long-term care benefits

What Happens to Unused Long-Term Care Benefits?

POSTED ON: June 27, 2022 BY: Kyle Krull
Not all policy holders use their long-term care insurance. Nobody likes making an investment with no return. It feels pointless and like a terrible waste. Even so, some investments require a gamble. Or do they? According to a recent Yahoo Finance article titled “What Happens if You Don't Use Long-Term Care Insurance as a Senior?,” […]
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