Kansas and Missouri Estate Planning Blog

probate and trust administration

Are Probate and Trust Administration Different?

POSTED ON: July 30, 2020 BY: Kyle Krull
Probate and trust administration are different processes. You have done your calculations. You likely will have assets remaining when you die. There is more than one option when leaving an inheritance to your loved ones. The two primary methods are through a last will and testament or through a revocable living trust. According to a […]
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How Can Low Interest Rates Benefit My Estate Plan?

POSTED ON: May 13, 2020 BY: Kyle Krull
Low interest rates can benefit your estate planning strategies. The world has been greatly impacted by COVID-19. This is no secret. It has affected jobs and taken lives. According to a recent The National Law Review Journal article titled “Estate Planning in a Low Interest Rate Environment,” COVID-19 has impacted interested rates. In fact, interest […]
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Can Updating Your Estate Plan Protect Your Family?

POSTED ON: April 22, 2020 BY: Kyle Krull
Protect your family through estate planning. Picture what is important to you. Do you have that picture clearly focused in your mind's eye? Did you envision your spouse and your children? Now, picture them without you. Do they still have the family home? Will there be tuition for college? Is there still food on the […]
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How is Estate Planning Highlighted by COVID-19?

POSTED ON: April 13, 2020 BY: Kyle Krull
COVID-19 underscores the importance of estate planning. You are sitting at home. Schools and businesses have been closed. You are rationing toilet paper. (Who saw that coming?) You cannot see your loved ones. Could things be any worse? According to a recent Kiplinger article titled “Coronavirus Legal Advice: Get Your Business and Estate in Order […]
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How Does COVID-19 Affect Estate Planning?

POSTED ON: April 9, 2020 BY: Kyle Krull
COVID-19 impacts estate planning. So much has changed for Americans in the past month. Schedules of work and school have been disrupted. Parents are now balancing online meetings with managing the at-home education of their children. Some people have lost their jobs entirely. Contact between family and friends has been limited to phone calls and […]
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What are Estate Planning Challenges of Gray Divorce?

POSTED ON: March 4, 2020 BY: Kyle Krull
Gray divorce will impact estate planning. You are no longer in the days of your youth. You are either nearing or in retirement. You are also entering into a divorce. According to a recent Clare County Review titled “Rising Gray Divorce Rates Are Making Estate Planning Problems More Complicated,” gray divorce brings with it a […]
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What Benefits do Trusts Have for “Average” Folks?

POSTED ON: February 10, 2020 BY: Kyle Krull
Trusts serve several purposes. What mental images are formed when you think of trust? Do you think of millionaires? Thurston Howell III and Lovey, perhaps? Although trusts can certain help preserve wealth, they are not only for the rich. This was recently confirmed by a Stamford Advocate article titled “Trusts are not for the wealthy […]
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What Are the Most Common Estate Planning Mistakes?

POSTED ON: January 28, 2020 BY: Kyle Krull
Estate planning mistakes are easy to make. Many people think estate planning is simple. You just write out who you want to get your stuff. Seems easy. Right? According to a recent Comstock Magazine article titled “Five Mistakes to Avoid When Planning Your Estate,” estate planning is more complicated than many may realize. When people […]
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How Do I Prepare My Finances for the New Year?

POSTED ON: December 19, 2019 BY: Kyle Krull
Finances should be prioritized at the end of the year. Money is an important part of life. How you handle your finances can have a lasting impact. Consequently, you do not want to look back on 2019 and wish you had done things differently. According to a recent The Daily Journal article titled “5 financial […]
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Can Estate Planning Be Done Alone?

POSTED ON: December 11, 2019 BY: Kyle Krull
Estate planning is complicated without everyone onboard. You know you need an estate plan. If fact, you are wanting to start the process now. There is one problem. Your spouse refuses to discuss estate planning. According to a recent nwi.com titled “Estate Planning: Can one spouse plan?,” this is not ideal. Talking about your incapacity […]
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