Kansas and Missouri Estate Planning Blog

Power of attorney

Do State Laws Governing a Power of Attorney Differ?

POSTED ON: May 27, 2022 BY: Kyle Krull
Power of attorney laws may not look the same in each state. Accidents happen all the time. Sometimes, they are small and only a minor inconvenience. At other times, accidents and illness can lead to short-term or long-term incapacity. According to a recent limaohio.com article titled “When ‘anything and everything’ does not mean anything and […]
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Estate plan updates

How Can Estate Plan Updates Reduce Risk?

POSTED ON: May 5, 2022 BY: Kyle Krull
Estate plan updates are vital to protecting loved ones and your assets. What comes to mind when you consider risky behavior? Tom Cruise in "Risky Business"? I digress. Perhaps you think of climbing a mountain without ropes. Maybe you envision people parachuting out of perfectly good airplanes. You likely believe few people choose high stakes […]
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Estate planning for singles

How Does Estate Planning Benefit Singles?

POSTED ON: April 29, 2022 BY: Kyle Krull
Singles benefit from estate planning. There has been a trend for several years to delay marriage. This means many people are often single throughout their twenties and into their early thirties. It may be tempting for these individuals to forgo estate planning because they have no obvious heirs. According to a recent Hood County News […]
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Elder orphans

How Can Estate Planning Protect Elder Orphans?

POSTED ON: April 28, 2022 BY: Kyle Krull
The finances and health of "elder orphans" are in greater danger than for those who have family. Orphans are a vulnerable population. They have lost both parents and are at risk of being abused, neglected, or exploited. Elderly individuals can also become vulnerable when they have no living spouse or family. One term for these […]
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Organization

How Do I Prioritize Organization of my Documents?

POSTED ON: April 20, 2022 BY: Kyle Krull
Organization can be helpful for future planning. Many people jump into Spring cleaning during this time of year. They have a list of projects they want to tackle before the oppressive heat of summer. Sometimes these projects are thwarted by uncooperative weather like we have been experiencing in Overland Park of late. According to a […]
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Physicians

Why Must Physicians Prioritize Estate Planning?

POSTED ON: March 29, 2022 BY: Kyle Krull
Physicians should have estate plans. Doctors undergo long years of schooling and residency to practice medicine. This requires incredible focus and dedication. As they begin their practices, these physicians shift this attention to building and maintaining their practices. According to a recent Medical Economics article titled “Physicians, get your estate in order or the court […]
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Financial affairs

Can I Help a Dying Loved One with Financial Affairs?

POSTED ON: March 21, 2022 BY: Kyle Krull
Financial affairs are often ignored as loved ones are dying. When loved ones are ill or dying, there already are many emotional and physical demands on the family. Family members are responsible for overseeing care. Sometimes this involves personally taking the loved one to appointments, preparing meals, or helping with bathing and dressing. Other times, […]
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Reviewing estate plan

When Should People be Reviewing Estate Plans?

POSTED ON: March 9, 2022 BY: Kyle Krull
Reviewing an estate plan is too often neglected. Things simply do not improve on their own over time. Examples of entropy are everywhere. You know, that good old "Second Law of Thermodynamics" applied broadly? Weeds pop up in gardens. Dust accumulates on shelves. Paint begins to chip and peel. According to a recent WMUR article […]
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Power of attorney

Is Having a Power of Attorney Really Important?

POSTED ON: March 3, 2022 BY: Kyle Krull
Incapacity planning requires valid power of attorney documents. Being picky is not always a bad thing. Purchasing expired groceries can lead to illness. Settling on a mate can lead to a lifetime of conflict and insecurity. According to a recent Medical Economics article titled “Avoid powers of attorney mistakes,” granting power of attorney authority to […]
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Updated

Why Should I Keep My Estate Plan Updated?

POSTED ON: February 23, 2022 BY: Kyle Krull
An updated estate plan ensures your assets are distributed to desired heirs and much more. The world we live in requires constant updates. Understatement, yes? Phones, computers, and apps make changes and improvements to their systems. Often failing to update operating systems means your device loses functionality and security. According to a recent CNBC article […]
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