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Probate court

Is Probate Court the devil Incarnate?

POSTED ON: April 28, 2023 BY: Kyle Krull
The probate court oversees the settlement of estates. Although probate often has a bad reputation, it is not the devil incarnate. In fact, the probate process provides an organized legal way to transfer asset title when the decedent owner of a given asset did not make arrangements for the asset to avoid probate. So, what […]
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Probate Costs

What Increases the Cost of Probate?

POSTED ON: March 3, 2023 BY: Kyle Krull
Probate can be more expensive than making an estate plan. People elect to avoid creating an estate plan for a variety of reasons. Some believe it is not important for them to take the time to do it. Others see the cost and consider it to be too expensive. According to a recent Nasdaq.com article […]
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Lisa Marie Presley

Did Lisa Marie Presley Have Heirs?

POSTED ON: February 6, 2023 BY: Kyle Krull
Lisa Marie Presley left behind a family legacy at her death. Most people live their lives in relative obscurity. Others are household names from the time of their birth. The latter was true of Lisa Marie Presley. According to a recent NME article titled “Lisa Marie Presley’s children to inherit Graceland estate,” being the daughter […]
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Chicago man

How Did a Chicago Man have 119 Heirs?

POSTED ON: January 20, 2023 BY: Kyle Krull
A Chicago man left a large estate to extended family by default. Some people are unassuming millionaires. By looking at them on the street, they are indistinguishable from the average person. Upon their death, others are often surprised to find these individuals amassed significant wealth. According to recent Block Club Chicago article titled “A Chicago […]
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Estate plan

Is a Will Equal to an Estate Plan?

POSTED ON: January 19, 2023 BY: Kyle Krull
A will and an estate plan are not synonymous. People tend to categorize things and ideas. If the category is broader, then several things can have this label. For example, all cats and dogs are animals. Still, not all animals are cats and dogs. Neither is a cat a dog. However, there are some cute […]
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Beneficiary designations

Can Beneficiary Designations Cause Problems?

POSTED ON: January 18, 2023 BY: Kyle Krull
Making mistakes on beneficiary designations is common. Preparing for death is an unpleasant reality. For this reason, people often avoid estate planning. When taking action at the approach of death, stress and urgency can impair thinking. According to a recent yahoo! Finance article titled “5 Retirement Plan Beneficiary Mistakes to Avoid,” taking steps in advance […]
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Store estate planning documents

Where Should I Store My Estate Plan?

POSTED ON: January 13, 2023 BY: Kyle Krull
People should store their legal documents in a secure place. Not everyone secures their valuables. Some people stash cash in their sock or underwear drawers. Others keep their important papers like social security cards and birth certificates on a shelf. Although these may work for a time, they also leave your money and important information […]
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Beneficiary

Do I Need a Life Insurance Beneficiary?

POSTED ON: January 3, 2023 BY: Kyle Krull
Failing to name a life insurance beneficiary can cause significant problems. The end of one year and the start of another year is often a time to reflect on the past and plan for the future. People often reminisce about happy memories and hard losses. These reflections can inform the goals people make for the […]
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Widow

Who Can a Widow Look to For Help?

POSTED ON: December 28, 2022 BY: Kyle Krull
A new widow may require help from experts. Losing a spouse is never easy. It is heartbreaking to no longer have your best friend and partner. This is true whether you have been married months or decades. The death of a spouse means loss of present and future love and companionship. According to a recent […]
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Will contest

Can You Counter a Will Contest?

POSTED ON: December 8, 2022 BY: Kyle Krull
Some people cannot avoid a will contest despite their best efforts. Estate battles of the rich and famous are often in the news. Small mistakes in ones estate planning can put thousands or millions of dollars in assets at risk. For example, John Lennon failed to name is first son in his last will. The […]
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