Kansas and Missouri Estate Planning Blog

Trust or will

Should I Choose a Will or a Trust?

POSTED ON: November 3, 2021 BY: Kyle Krull
Some individuals could get away with having either a trust or a will. Estate planning involves making decisions. You will need to choose who makes decisions if you become incapacitated. It also will be important to select heirs and perhaps protect their inheritance "for" or "from" them as needed. According to a recent MSN recent […]
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Aging Parent Finances

How Do I Talk with My Parents about Finances?

POSTED ON: November 2, 2021 BY: Kyle Krull
Conversations with aging parents about their finances can benefit their estate planning. Young children often know little about their parents. This is partly because children are interested in few things but themselves. It also can stem from a family rule about certain topics being off limits. Finances is often one such topic. According to a […]
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Estate Planning Checkup

Why Should I have an Estate Plan Checkup?

POSTED ON: October 14, 2021 BY: Kyle Krull
Certain events should trigger an estate plan checkup. Nothing in your life happens in a vacuum. Your personal and work decisions impact each other. The decisions of others also can affect you and your loved ones. According to a recent Kiplinger article titled “2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?,” what […]
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Key elements of estate planning

What are Key Elements of Estate Planning?

POSTED ON: October 7, 2021 BY: Kyle Krull
There are key elements common to estate planning success. Preparing an estate plan is no small task. It requires action, knowledge, and attention to detail. When people underestimate the important of estate planning, they can cause problems for themselves and their loved ones. According to a recent Bankrate article titled “Estate planning checklist: 3 key […]
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Settle an estate

What Should I Do to Settle an Estate?

POSTED ON: August 10, 2021 BY: Kyle Krull
It is no small task to settle an estate plan? Your loved one recently died. You have not only lost your loved one. You are also at a loss for what to do next. All you feel capable of? Deeply missing your loved one. According to a recent Cleveland Jewish News article titled “Funeral arrangements, […]
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Adult dependents

How Do I Plan for Adult Dependents?

POSTED ON: August 4, 2021 BY: Kyle Krull
Adult dependents may require special care in estate planning. When you think of dependents, you likely consider your minor children. Minor children certainly need parents for support, shelter, and care. You may not think about your adult children. According to a recent Parents article titled “Wills and Trusts for Adult Dependents,” some adult children remain […]
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Estate planning conversations

Why Does Estate Planning Require Conversations?

POSTED ON: July 21, 2021 BY: Kyle Krull
Estate planning can be a difficult subject to discuss with loved ones. You may be perfectly comfortable talking about death, incapacity, and estate planning. This does not mean your loved ones will feel the same way. Thinking about mortality can be uncomfortable for many. Taking stock of everything required when organizing an estate can feel […]
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Fiduciary agents

Why Do I Need Fiduciary Agents?

POSTED ON: June 28, 2021 BY: Kyle Krull
Designating fiduciary agents in your estate plan prepares you for incapacity. People do not plan to become incapacitated. It simply happens to them. Although accidents and illnesses are often surprises, you should prepare such possibilities. According to a recent Pocono Record article titled “Fiduciary Agents have power to make decisions you’d prefer to make yourself,” […]
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Discuss estate plan with adult children

Should I Explain My Estate Plan to My Adult Children?

POSTED ON: April 28, 2021 BY: Kyle Krull
It is essential for adult children to know about the estate plans of their parents. There are many changes associated with having adult children. You have seen them begin careers and start families. You have moved from the role of provider and protector as they have assumed these responsibilities for themselves. Despite these milestones, it […]
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Letter of last instruction

Do I Need a Letter of Last Instruction?

POSTED ON: January 25, 2021 BY: Kyle Krull
A letter of last instruction can provide clarity to loved ones. Creating an estate plan is the most important step you can take to protect your loved ones when you die. If you have done this, your estate will be settled and assets distributed through legally recognized means. Although you have your estate plan in […]
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