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Zsa Zsa Gabor

How Did Zsa Zsa Gabor Choose to be Buried?

POSTED ON: August 9, 2021 BY: Kyle Krull
Zsa Zsa Gabor completed successful funeral arrangements. Although many celebrities are from the United States, many are from different countries. Some choose to be buried in America. Others choose to be laid to rest in their home nations. According to a recent Wealth Advisor article titled “Zsa Zsa's Last Wishes Achieved With Budapest Burial,” surviving […]
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Effective estate plan

How Can I Set Up an Effective Estate Plan?

POSTED ON: August 6, 2021 BY: Kyle Krull
Creating an effective estate plan requires intentionality. Many people do not prioritize estate planning. If you are taking steps to create a plan, you may think whatever you do will be sufficient. Nope. This mindset could set you and your loved ones up for trouble in the future. The good news? You will be dead […]
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ILIT

Should I Keep or Dissolve My ILIT?

POSTED ON: August 5, 2021 BY: Kyle Krull
Changing circumstances may affect the usefulness of an ILIT. Do you remember when the federal estate tax limit was $600,000? I do. At this time, you may have set up a revocable living trust (RLT) and an irrevocable life insurance trust (ILIT) to provide for your family if you died. Because many years have passed […]
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Charley Pride

Did Charley Pride Disinherit His Son?

POSTED ON: July 30, 2021 BY: Kyle Krull
Charley Pride left a complicated family situation. Music speaks not only to our ears but our hearts. People connect to tunes of love, anger, joy, and heartbreak. Although inner turmoil and external conflict are interesting in songs, these are not ideal in personal relationships. According to a recent 5 NBC DFW article titled “Charley Pride's […]
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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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Pandemic Estate Planning

Is 2020 the year of "pandemic estate planning"?

POSTED ON: December 3, 2020 BY: Kyle Krull
What is "pandemic estate planning"? It is our phone ringing and online requests for consultations about creating or updating estate plans or just clients want to engage in pandemic estate planning generally. The current pandemic has led many of us focus on weighty existential matters of life, disability, and death. Indeed, after reviewing our assets […]
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estate taxes

Is the Estate Tax Exemption Set to Rise in 2021?

POSTED ON: December 2, 2020 BY: Kyle Krull
As Benjamin Franklin famously quipped, the only two certainties in life are death and taxes. In recent years, the federal estate tax exemption has been adjusted annually for inflation. It was not always so. According to a recents Yahoo Sports article titled “Estate Tax Exemption Amount Goes Up for 2021,” when you die your estate […]
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estate planning terms

What Estate Planning Terms Should I Know?

POSTED ON: November 23, 2020 BY: Kyle Krull
Knowing estate planning terms is a helpful start to preparing for your future. You are many things. You are talented. You are kind. You are a hard worker. Even so, you are not an estate planning attorney. Although you have heard you need an estate plan, you are not exactly sure what this means. According […]
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life insurance benefits

Will My Life Insurance Benefits Be Taxed?

POSTED ON: November 12, 2020 BY: Kyle Krull
Taxing life insurance benefits is dependent on several factors. You have people who depend on your income. Perhaps this is your spouse only. Maybe you also have children. Life insurance can be useful in providing financial protection for your loved ones if you were to die. According to a recent MoneyWise article titled “Are Life […]
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discussing estate planning

How Should I Discuss Estate Planning with My Parents?

POSTED ON: November 4, 2020 BY: Kyle Krull
It is wise to discuss estate planning with your parents. Your parents are getting older. Perhaps their health is declining. Maybe they are simply nearing retirement. As they age, they may require more of your support. According to a recent Yahoo Finance article titled “How To Talk to Your Parents About Their Estate Plan (Without […]
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