Kansas and Missouri Estate Planning Blog

Farm families

Should Farm Families Use a Trust for Estate Planning?

POSTED ON: February 9, 2021 BY: Kyle Krull
Farm families have a lot to lose with inadequate estate planning. You are a farmer. You are in the business of farming. The farm has been in the family for generations. Perhaps your children intend to keep the a farm running after you die. Maybe your children have different careers in mind. Do you have […]
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Unfunded trust

How Does One Remedy an Unfunded Trust?

POSTED ON: January 29, 2021 BY: Kyle Krull
An unfunded trust will undermine your estate planning. Your estate planning goals included avoiding probate. You also desired to simplify asset management should you become incapacitated. Consequently, your experienced estate planning attorney recommended a revocable living trust. You agreed and happily signed the papers for the creation of your living trust. According to a recent […]
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Choosing a living trust

What is the Purpose of a Living Trust?

POSTED ON: December 23, 2020 BY: Kyle Krull
Using a living trust is ideal under certain circumstances. When it comes to estate planning, you should thoroughly consider your options. First, you will want to select an experienced estate planning attorney to create your plan. Such an estate planning attorney will create a plan to best meet your unique needs. According to a recent […]
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life stages and estate planning

Is Estate Planning Impacted by My Life Stage?

POSTED ON: September 24, 2020 BY: Kyle Krull
Each life stage has unique estate planning needs. Are you young and single? Perhaps you were at one point but are now married with young children. In each stage of life, you are still you. Although this is true, your goals and your circumstances change drastically. According to a recent The News-Enterprise article titled “Life […]
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estate planning during a pendemic

Why is Estate Planning Invaluable During a Pandemic?

POSTED ON: September 8, 2020 BY: Kyle Krull
Estate planning during a pandemic should be prioritized. The pandemic has changed much about how we approach daily life. People are sanitizing frequently. Friends are appreciating the value of in-person interactions. Parents are simultaneously enjoying time with their children and feeling overwhelmed with managing work and the learning environment for their children. According to a […]
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estate planning after divorce

Should I Revise My Estate Plan After Divorce?

POSTED ON: August 21, 2020 BY: Kyle Krull
Divorce demands estate planning revisions. You have recently divorced your spouse. This process is neither simple nor pleasant. Even if things end somewhat amicably, there is still the challenge of legal paperwork to make it official. Many divorces trigger extreme emotions and relational tension. The last thing you want to do is trigger more planning […]
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How Can I Transfer Real Estate Investments?

POSTED ON: August 13, 2020 BY: Kyle Krull
Real estate investments should be included in your estate plan. You have real estate investments. Perhaps your real estate is limited to your own home. Maybe you have expanded into commercial real estate investments. According to a recent Motley Fool article titled “How to Include Real Estate Investments in Your Will,” these should be addressed in […]
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How Can I Minimize Inheritance Taxes?

POSTED ON: July 31, 2020 BY: Kyle Krull
Strategic action can reduce taxes on your inheritance. You received an inheritance recently. You are not sure whether you need to pay taxes. Although there is no federal inheritance tax, certain states levy an inheritance tax. According to a recent The Street article titled “4 Ways to Protect Your Inheritance from Taxes,” your inheritance could be […]
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How is an Estate Planning Attorney Helpful?

POSTED ON: July 17, 2020 BY: Kyle Krull
An experienced estate planning attorney is the key to a successful plan. Estate planning can be challenging. It is not easy to think about your own death, let alone disability. It is even more difficult to discuss it. Most people have a desire to protect and provide for their loved ones. They simply do not […]
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How Can a Family Trust Help You?

POSTED ON: June 5, 2020 BY: Kyle Krull
A family trust is set up specifically to benefit your family. You have thought carefully about your estate plan. You know a last will and testament is sufficient for many people. However, when you consider your goals, you think you may require more. According to a recent Yahoo Finance article “What Is a Family Trust […]
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