Kansas and Missouri Estate Planning Blog

Social Security

Will Social Security Run Dry?

POSTED ON: December 23, 2022 BY: Kyle Krull
Social Security may be running out. Retirement can be intimidating for many Americans. Without a continual stream of income, it is challenging to pay bills or cover the costs of daily living. Many Baby Boomers have been working at least since their early teen years, if not earlier. Work is just part of our DNA. […]
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Guardian

Should I Accept an Appointment as Guardian?

POSTED ON: December 12, 2022 BY: Kyle Krull
Serving as a guardian is a significant responsibility. Estate planning is important at any life stage. Each stage has its own specific concerns to be addressed. Young adults must prioritize agents to make medical and financial decisions for them in the event of incapacity. Older seniors must consider how to best pass what remains of […]
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Will contest

Can You Counter a Will Contest?

POSTED ON: December 8, 2022 BY: Kyle Krull
Some people cannot avoid a will contest despite their best efforts. Estate battles of the rich and famous are often in the news. Small mistakes in ones estate planning can put thousands or millions of dollars in assets at risk. For example, John Lennon failed to name is first son in his last will. The […]
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Michael Fuchs

What Will Michael Fuchs Owe in His Divorce?

POSTED ON: December 6, 2022 BY: Kyle Krull
Michael Fuchs and his wife Alvina Collardeay-Fuchs are divorcing. While people may be equal in their inherent worth and value, they do not have the same financial situations. Some individuals have far more to lose financially than others. Billionaires may have more to lose than most of us can ever imagine earning. According to a […]
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Tom Brady

Did Tom Brady Have a Prenuptial Agreement?

POSTED ON: November 21, 2022 BY: Kyle Krull
Tom Brady and Gisele Bündchen have finalized their divorce. Although celebrity couples often seem to live charmed lives, they are not immune to common relationship struggles and conflicts. The marriage between Tom Brady and and Gisele Bündchen has become the most recently publicized example. The couple shared about their divorce on their individual instagram accounts. […]
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Home

Is Selling a Home to Heirs Beneficial?

POSTED ON: November 14, 2022 BY: Kyle Krull
Gifting a home to children can be a more complicated estate transfer. Houses are the most valuable assets for many people. They can also be one of the more complicated assets to distribute to heirs. Many aspects like taxes and how to divided the value of a home should be discussed and addressed in estate […]
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Social Security

When is a Child Denied Social Security Benefits?

POSTED ON: November 7, 2022 BY: Kyle Krull
Social Security benefits may not be guaranteed to those conceived through in vitro after death. Many couples have fertility trouble. When getting pregnant naturally is not an option, many seek other avenues. Some choose adoption. Others commonly choose in vitro fertilization. According to a recent The Free Press article titled “Courts Ponder Benefits In Florida […]
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Aging parents

How Can I Discuss Plans with Aging Parents?

POSTED ON: October 27, 2022 BY: Kyle Krull
Talking with aging parents about estate planning is uncomfortable but necessary. People often avoid unpleasant conversations about various "elephants" in the room. Although avoiding an "elephant" can make everyone in the room feel less anxious in the moment, the relief is temporary when the elephant begins to move about. Unfortunately, "elephant avoidance" among family members […]
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College students

What Documents do College Students Need?

POSTED ON: October 24, 2022 BY: Kyle Krull
College students should prioritize their estate planning. No, really. Attending university is often the first time young adults are away from their families for longer than a few weeks. They must learn to juggle all aspects of their lives like homework, laundry, and meal planning. As college students practice their independence, it is helpful to […]
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Actions by surviving spouse

What Actions Must Surviving Spouses Take?

POSTED ON: October 21, 2022 BY: Kyle Krull
Certain actions should be taken after the death of a loved one. Although death means the end of the life and responsibilities for the decedent, the responsibilities of others increase. Often those who must take action are those who are closest to the person who died. These duties can feel overwhelming in the midst of […]
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