Kansas and Missouri Estate Planning Blog

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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Minor children

How Should Minor Children Inherit?

POSTED ON: October 26, 2022 BY: Kyle Krull
Minor children are a vulnerable population. Children need trustworthy and caring adults in their lives. Even adolescents who just want to be independent rely on others for food, safety, shelter, love, and guidance. Often these "others" are the parents of the children, but not always. According to a recent The News-Enterprise article titled “Children need […]
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Pot trust

How Can a Pot Trust Help My Children?

POSTED ON: September 27, 2022 BY: Kyle Krull
A pot trust can be helpful for families with multiple children. Parenting is challenging. Navigating how to care for each child as an individual, while also supporting the family unit, is no small task. It can be hard to know what each child will need in the future and how choices today will impact them […]
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New parents

Do New Parents Need Life Insurance?

POSTED ON: August 18, 2022 BY: Kyle Krull
New parents should prioritize getting life insurance. Parenthood changes life significantly. Rather than two adults being responsible for themselves and each other, they must now rear and protect a child. While motherhood and fatherhood expand joy and love, they also bring attending concerns and fears. According to a recent Bankrate article titled “Life insurance for […]
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Life insurance

Should Minor Children be Life Insurance Beneficiaries?

POSTED ON: March 17, 2022 BY: Kyle Krull
Life insurance provides protection for families with young children. Life insurance is not always necessary. If you are single and have enough saved to bury you when you die and pay any additional expenses or debts, you likely could bypass a policy. But what if you later marry, have children, and become "uninsurable" for some […]
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Update

Do I Really Need to Update My Estate Plan?

POSTED ON: September 24, 2021 BY: Kyle Krull
It is important to update an older estate plan. Things tend to get worse when no one tends to them. Gardens become overgrown with weeds. Buildings fall into disrepair. Muscles atrophy. After all, the Second Law of Thermodynamics seems to apply to all of life. According to a recent NASDAQ.com article titled “Is Your Estate […]
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What age to get an estate plan

At What Age Should I Get an Estate Plan?

POSTED ON: July 7, 2021 BY: Kyle Krull
There is no magic age for creating an estate plan. Perhaps you are reading this and are retired. Maybe you have just turned 18 and achieved legal status as an adult. You maybe you are somewhere in between. According to a recent Reality Biz News article titled “When is the right time to consider estate […]
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Trusts protect inheritances

Can a Trust Protect the Inheritance of My Children?

POSTED ON: May 12, 2021 BY: Kyle Krull
Creating a trust can provide estate planning protections for your children. Your children are adults in the eyes of the world. Even so, your adult children will always be your babies. As such, you still want to protect them. Some children grow up and other children just keep having more birthdays. According to a recent […]
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Prepare for estate planning meeting

Am I Ready for My Estate Planning Meeting?

POSTED ON: March 22, 2021 BY: Kyle Krull
It is important to prepare for your estate planning meeting. You have scheduled an appointment with an experienced estate planning attorney. Congratulations! You have taken the first important step to protecting everyone you love and everything you have. By simply making an appointment, you are ahead of the majority of your American peers in estate […]
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Reasons for estate planning

Is There More to Estate Planning Than a Will?

POSTED ON: February 8, 2021 BY: Kyle Krull
Estate planning is one important step to caring for your loved ones after your incapacity or death. I have heard many excuses over my career as an estate planning attorney. Many people think estate planning is only for the super wealthy. Others believe it is only important if they are married or have children. These […]
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