Kansas and Missouri Estate Planning Blog

Digital

How Does One Plan in a Digital World?

POSTED ON: February 24, 2022 BY: Kyle Krull
Estate planning should include preparations for digital assets. I know, I know ... can I take a break from all of these posts about estate planning for digital assets? I mean, "Kyle, it seems like you have a post about digital assets every week!" Well, there is good reason for that. At its foundation, estate […]
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Wealth transfer

What Is Involved in Efficient Wealth Transfer?

POSTED ON: January 28, 2022 BY: Kyle Krull
Wealth transfer can be complicated by a number of factors. Not everyone has a job earning them large sums of money each year. This does not necessarily mean they will have fewer assets to transfer. Rather, many build their wealth through wise money management over the course of their careers. Think Dave Ramsey. According to […]
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Type of Assets

Are Certain Assets Easier to Inherit?

POSTED ON: January 26, 2022 BY: Kyle Krull
Not all assets are equally beneficial to inherit. People have preferences. Sometimes these are fairly arbitrary like whether someone enjoys dark or milk chocolate. [Given a choice, I always opt for dark.] Other preferences stem from what makes the most sense well-considered reasons. According to a recent Kiplinger article titled “6 of the Best Assets […]
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Estate planning attorney

Why Should I Work with an Estate Planning Attorney?

POSTED ON: January 13, 2022 BY: Kyle Krull
Working with an experienced estate planning attorney is essential. Many things can be done on your own. You can cut down on takeout costs by making copycat recipes at home. Likewise, handmade gifts are often more meaningful and less expensive. According to a recent Pennsylvania News Today article titled “Top 7 Reasons You Need An […]
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Passwords

Should My Executor Have My Account Passwords?

POSTED ON: January 10, 2022 BY: Kyle Krull
Passwords can be a pain for heirs without appropriate planning. Digital assets are a significant part of our modern lives. Almost all digital assets require credentials for access. A login is often required too gain access to your local computer, let alone online accounts and mobile apps. According to a recent Barron article titled “How […]
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Tidy estate plan

How Can I Make My Estate Plan Tidy?

POSTED ON: December 31, 2021 BY: Kyle Krull
Keeping your estate plan tidy will benefit your family. Most people do not enjoy cleaning their home. Despite this fact, it is less work to keep things tidy than to deep clean after an extended period of neglect. The same could be said of estate planning. According to a recent Chicago Business Journal article titled […]
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Pay for long-term care

How Does One Pay for Long-Term Care?

POSTED ON: December 29, 2021 BY: Kyle Krull
Navigating how to pay for long-term care is important financial planning. If you search our blog posts over the years (more than 3,000 of them), then you will find that I cover the subject of long-term care. A lot. Life tends to have a distinct arc. Babies come into the world completely dependent on others. […]
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Estate planning for house

What are Options for Gifting a House?

POSTED ON: December 27, 2021 BY: Kyle Krull
Passing a house to heirs can be complicated whether it is a vacation home or a primary residence. For many homeowners, their personal residence is one of their most significant assets. In addition to its monetary value, the family home or vacation home also holds memories. There may be a lot of laughter in the […]
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Mess up an estate plan

How Does One Mess Up an Estate Plan?

POSTED ON: December 21, 2021 BY: Kyle Krull
It is quite easy to mess up an estate plan. People often feel overly confident about their abilities. They watch a baking show on television and think they create equally delicious treats, especially if they adopt a British accent while baking. Others think they can write a book simply because they can appreciate a good […]
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Real estate

Why Use Real Estate to Fund a Living Trust?

POSTED ON: December 9, 2021 BY: Kyle Krull
Placing real estate in a trust can be a good idea for some people. Not everyone owns real estate. Some individuals choose to live their entire lives in apartments to minimize their responsibilities at home when not at work. Others lived in a home but sold it after their children left for college or the […]
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