Kansas and Missouri Estate Planning Blog

Minor grandchildren

Can I Leave an Inheritance to Minor Grandchildren?

POSTED ON: March 1, 2022 BY: Kyle Krull
Several circumstances should be considered when planning to leave an inheritance to minor grandchildren. Becoming a grandparent brings fresh joys. There is something special about seeing your children have children, yes? Your love grows and expands as your family changes. According to a recent Nj.com article titled “How can I leave my money to my […]
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Prince

Was the Messy Prince Estate Avoidable?

POSTED ON: February 28, 2022 BY: Kyle Krull
Prince left no directions for his estate when he died. The sudden death of Prince triggered a variety of heavy emotions. Family and fans were devastated at the news of his fentanyl overdose in 2016. Can you believe it has been six years? Yikes! Some eyed his estate and were filled with greed. Others saw […]
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Probate

Is Probate Something to be Feared?

POSTED ON: February 22, 2022 BY: Kyle Krull
Probate is how the government oversees estate settlement. Most Americans do not understand probate. They have read news articles about celebrity estate battles or have heard stories from friends about the challenges they have faced. Stories like these often lead to people to feel fear and dread about the future of their own assets. According […]
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Wealth transfer

What Is Involved in Efficient Wealth Transfer?

POSTED ON: January 28, 2022 BY: Kyle Krull
Wealth transfer can be complicated by a number of factors. Not everyone has a job earning them large sums of money each year. This does not necessarily mean they will have fewer assets to transfer. Rather, many build their wealth through wise money management over the course of their careers. Think Dave Ramsey. According to […]
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Mess up an estate plan

How Does One Mess Up an Estate Plan?

POSTED ON: December 21, 2021 BY: Kyle Krull
It is quite easy to mess up an estate plan. People often feel overly confident about their abilities. They watch a baking show on television and think they create equally delicious treats, especially if they adopt a British accent while baking. Others think they can write a book simply because they can appreciate a good […]
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Real estate

Why Use Real Estate to Fund a Living Trust?

POSTED ON: December 9, 2021 BY: Kyle Krull
Placing real estate in a trust can be a good idea for some people. Not everyone owns real estate. Some individuals choose to live their entire lives in apartments to minimize their responsibilities at home when not at work. Others lived in a home but sold it after their children left for college or the […]
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Writing your own will

Should I Write My Own Will?

POSTED ON: November 26, 2021 BY: Kyle Krull
Writing your own will can cause trouble. Estate planning is important but often overlooked. In 2021, only one-third of Americans had estate planning documents. Despite these small numbers, there was actually a 63 percent increase from the previous year of those with estate planning documents in the demographic between ages 18 and 34. Although this […]
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Estate plan

What is the Purpose of Creating an Estate Plan?

POSTED ON: November 12, 2021 BY: Kyle Krull
Having an estate plan is foundational to protecting loved ones and assets. People are planners. We plan our routes when driving. We prepare for meetings at work. We develop five- and ten-year plans. According to a recent Digital Journal article titled “What is an Estate Plan and What are its Benefits?,” many people, unfortunately, neglect […]
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Celebrities

What Can I Learn from the Estates of Celebrities?

POSTED ON: November 10, 2021 BY: Kyle Krull
Celebrities often make headlines for a variety of reasons. However, when they make the news after they have died, that is when we learn of their estate planning mistakes. Most people live their lives in relative anonymity. They go to work, pay their bills, and care for their families with no fanfare. They are remembered […]
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Probate process

What is Involved in the Probate Process?

POSTED ON: November 8, 2021 BY: Kyle Krull
The probate process does not have to be scary. Few Americans understand probate. In fact, some adults are not even aware of its existence. Perhaps this is because probate highlights an unpleasant reality. It reminds people of their own mortality. According to a recent WTOP article titled “Everything You Need to Know About Probate,” the probate […]
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