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Estate Plan

Why Should I Create an Estate Plan in 2024?

POSTED ON: January 19, 2024 BY: Kyle Krull
Having an estate plan should be a priority in 2024. At the start of a new year, many people reflect on the past and set goals for the next twelve months. For many, this involves dusting off the old dumbbells to "get fit." Others may elect to "shop the perimeter" of the grocery store to […]
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Funeral expenses

How Can I Reduce Funeral Expenses?

POSTED ON: November 16, 2023 BY: Kyle Krull
It is possible to reduce funeral expenses. Not everyone plans ahead for their own burials. When they do, these people are often surprised by the cost of funerals. If they do not plan ahead, their loved ones can be left with sticker shock and a hefty bill. According to a recent Kiplinger article titled “Six Ways […]
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Funeral trust

What is an Irrevocable Funeral Trust?

POSTED ON: August 15, 2023 BY: Kyle Krull
An irrevocable funeral trust can help in paying for memorials and burials. People set aside money for a lot of things. Many save for tangible items like a car or a home. Others set aside funds for events or experiences like weddings, vacations, or education. According to a recent Yahoo Finance article titled “Pros and Cons […]
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Death of spouse

What Responsibilities are Triggered by the Death of a Spouse?

POSTED ON: August 9, 2023 BY: Kyle Krull
The death of a spouse means additional responsibilities. Being married has numerous benefits. It allows for constant companionship and emotional support. It also enables couples to divide responsibilities and lighten individual burdens. According to a recent Forbes article titled "What To Do After The Death Of A Spouse," these benefits are immediately lost after a […]
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Pre-arrange funeral

Can I Pre-Arrange my Funeral?

POSTED ON: May 24, 2023 BY: Kyle Krull
It is possible to pre-arrange a funeral. People have the capacity to plan and prepare for the future. Sometimes doing so is exciting. For example, most of us like to prepare for vacations or celebrations. At other times, planning is more mundane, like when creating a to-do list for work. According to a recent Yahoo […]
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Spouse died

My Spouse Has Died. What Next?

POSTED ON: May 23, 2023 BY: Kyle Krull
Knowing what to do after a spouse has died can be overwhelming. The marriage relationship is a unique relationship. You have made a covenant with another person to love them no matter what life throws your way. Your spouse will see you at your worst and best through life's good and bad circumstances. According to […]
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Funeral

What are Required Funeral Costs?

POSTED ON: April 7, 2023 BY: Kyle Krull
Paying for a funeral can be a costly expense. Dying is not cheap in America. Families are often left with a significant bill for the costs of burial. The National Funeral Directors Association lists the median cost of burial as $7,848. The average cost of cremation and a funeral is $6,970. Often, these expenses are […]
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Burial

What Burial Benefits Exist for Veterans?

POSTED ON: March 31, 2023 BY: Kyle Krull
Military veterans often have burial benefits. Members of the armed forces spend part or all of their careers serving the country. The work requires personal sacrifice as military members often miss holidays and important family milestones. While many give the ultimate sacrifice in the line of duty, others eventually enter into civilian life. As Jose […]
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Dementia

Does Dementia Preclude Estate Planning?

POSTED ON: February 22, 2023 BY: Kyle Krull
Dementia often leads to mental incapacity. Some cognitive decline is to be expected in aging. For some, the progression is relatively mild. For others, the decline is more severe and involves dementia or Alzheimer’s. According to a recent Health News article titled “Can Someone With Dementia Sign Legal Documents,” the progression of these diseases can […]
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Rapper Coolio

Did Coolio Need an Estate Plan?

POSTED ON: January 26, 2023 BY: Kyle Krull
Rapper Coolio died without an estate plan. Many celebrities die without preparing for the transfer of their wealth. When this happens, it can leave their estates vulnerable to taxes and even greedy folks wanting to cash in on their wealth. One recent celebrity who died without an estate plan was Artis Leon Ivey, Jr. who […]
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