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Updating a last will and testament

Updating a Last Will and Testament: 8 Reasons to Revise

POSTED ON: November 21, 2023 BY: Kyle Krull
Updating a last will and testament or a trust may be necessary one or more times after the initial creation of the estate plan. Many ask, "Why should I update my will or trust?" Chances are you are used to the concept of routine maintenance. Hair and nails need to be cut and trimmed. If […]
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Lisa Marie Presley

Did Lisa Marie Presley Revise Her Estate Plan?

POSTED ON: March 14, 2023 BY: Kyle Krull
Lisa Marie Presley made some estate planning mistakes. Estate planning should be undertaken with the help of professionals. This is especially true for more complex estates or family dynamics. Attempting to create or update an estate plan on your own can lead to issues with estate administration. According to a recent Insurance NewsNet article titled “Presley […]
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Remarriage

Does Remarriage Require Estate Planning?

POSTED ON: March 9, 2023 BY: Kyle Krull
Remarriage for seniors is not uncommon. Although many people envision young couples when they think of weddings, people get married and remarried at any age. For some, divorce or death leads to being single again. For others, they have simply waited longer to find the love of their life. According to a recent MSN article […]
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Components

What are Key Estate Plan Components?

POSTED ON: February 27, 2023 BY: Kyle Krull
Comprehensive estate planning has several key components. People have long valued knowledge. It is natural to want to understand. In fact, I feel most vulnerable when I do not even know what I do not even know. And that encompasses too many areas to list! How about you? From the time children learn to speak, […]
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Secondary beneficiaries

Do I Need Secondary Beneficiaries?

POSTED ON: January 31, 2023 BY: Kyle Krull
Secondary beneficiaries may save your estate plan. Having backups in place is a wise move. It is helpful both personally and professionally. Backing up the hard drive on your computer can protect important information or projects from being destroyed. Syncing your phone to the cloud can prevent sentimental photos from being lost forever. According to […]
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Trust

When Is a Good Idea to Use a Trust?

POSTED ON: December 21, 2022 BY: Kyle Krull
A trust can be useful in various estate planning situations. More John F. Kennedy assassination-related documents were recently released to the public. This brings to mind the topics of death and wealth. Death often takes us and our loved ones by surprise. Before this happens it is important to have an estate plan in place. […]
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Agents

How Do I Choose My Executor or Agents?

POSTED ON: November 4, 2022 BY: Kyle Krull
Choosing agents requires careful consideration. Very considered consideration. Successful estate planning, including incapacity planning, does not rely on the validity of the signed documents alone. Although the preparation and execution of the documents is essential, the content is equally important. The right fiduciaries and agents must be clearly appointed. According to a recent Nasdaq article […]
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Steps

What Steps are Key to Estate Planning?

POSTED ON: October 28, 2022 BY: Kyle Krull
Taking steps to create a successful estate plan will pay off. Many people enjoy knowing exactly what they need to do before taking the required steps to accomplish something. In many cases, it is comforting to know what is expected. Without clear directions, the fear of doing something wrong paralyzes them. I know I feel […]
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Minor children

How Should Minor Children Inherit?

POSTED ON: October 26, 2022 BY: Kyle Krull
Minor children are a vulnerable population. Children need trustworthy and caring adults in their lives. Even adolescents who just want to be independent rely on others for food, safety, shelter, love, and guidance. Often these "others" are the parents of the children, but not always. According to a recent The News-Enterprise article titled “Children need […]
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Probate court

What is Involved in Probate?

POSTED ON: October 19, 2022 BY: Kyle Krull
Neither the probate court nor the probate process itself need be frightening. It is normal for people to have fears. Fear can be healthy and protective. It encourages people to be cautious and careful. One common fear is becoming entangled with the probate court and its process. According to a recent Investopedia article titled “What […]
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