Kansas and Missouri Estate Planning Blog

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Guidance

Is All Estate Guidance Legally Binding?

POSTED ON: April 20, 2023 BY: Kyle Krull
Guidance in an estate plan does not have to be legally binding. So sometimes, being imprecise is not a big deal. For example, recipes often say “salt and pepper to taste,” giving the cook room for personal preference. Other times, it can lead to incorrect results, like adding too much baking soda or baking powder […]
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Surviving spouse

How Will My Death Affect the Finances of My Spouse?

POSTED ON: June 16, 2022 BY: Kyle Krull
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
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meaning of fiduciary duty

What is the Meaning of a “Fiduciary Duty”?

POSTED ON: September 16, 2020 BY: Kyle Krull
A fiduciary duty requires one to prioritize the needs of another. You have heard the term “fiduciary duty.” Perhaps you heard it in conjunction with your investments or your estate plan. The problem? You do not know what it means. According to a recent Forbes article titled “What Is Fiduciary Duty?,”  you are not alone. […]
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Can Designating Beneficiaries Undermine My Plan?

POSTED ON: March 25, 2020 BY: Kyle Krull
Beneficiary designations can lead to problems in your estate plan. Some assets pass through beneficiary designations by their very nature, like life insurance, annuities, and retirement accounts. For this reason, this method of asset transfer is particularly important when it comes to your estate planning. If used properly in conjunction within a comprehensive estate plan, […]
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