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Trust

When Is a Good Idea to Use a Trust?

POSTED ON: December 21, 2022 BY: Kyle Krull
A trust can be useful in various estate planning situations. More John F. Kennedy assassination-related documents were recently released to the public. This brings to mind the topics of death and wealth. Death often takes us and our loved ones by surprise. Before this happens it is important to have an estate plan in place. […]
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Trust

Should I Choose a Will or a Trust?

POSTED ON: December 16, 2022 BY: Kyle Krull
Yes! A last will and testament and a revocable living trust are both effective estate planning tools. Estate planning does not look the same for everybody. The lives of singles look vastly different than those of married couples. It only makes sense their estate plans would also look different. According to a recent The News-Enterprise […]
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Testamentary Trust

When is a Testamentary Trust Created?

POSTED ON: March 10, 2022 BY: Kyle Krull
A testamentary trust can be created after you die. Some people really like the idea of using a trust in their estate planning. The control over the eventual inheritance distribution is appealing. These individuals are often torn between the appeal of a trust and the work it takes to maintain a trust. According to a […]
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Vacation home

How Should I Transfer My Vacation Home?

POSTED ON: March 2, 2022 BY: Kyle Krull
A vacation home can be challenging to bequeath. Families often make and retain fond memories from vacations. For those who own a vacation home, these memories are often overwhelming tied to a specific location. After all: location, location, location. While vacation homes bring joy in life, they can bring complications when the owner dies. According […]
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Couples with age gaps

How Can Large Age Gaps Impact Couples?

POSTED ON: September 3, 2021 BY: Kyle Krull
Marriage age gaps make a difference in estate planning. Weddings are joyous occasions. For those who choose to celebrate their marriage surrounded by friends and family, weddings require a lot of preparation. Beyond the wedding itself, marriages require thoughtfulness and communication about a variety of topics. According to a recent Barron article titled “Couples with […]
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trusts and goals

Do Certain Trusts Align with Specific Goals?

POSTED ON: September 4, 2020 BY: Kyle Krull
Trusts can be created to serve specific purposes. When it comes to estate planning, people usually have either a will-based plan or a trust-based plan. Those with a will-based plan intend to distribute assets through the probate court. Those with a trust-based plan intend to skirt probate and distribute assets through the instructions provided in […]
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Why Should I Prioritize Estate Planning?

POSTED ON: July 3, 2020 BY: Kyle Krull
There are several solid reasons to prioritize estate planning. A shocking number of Americans do not have an estate plan. Period. Because estate planning encompasses incapacity and end-of-life issues, those without a plan place their loved ones in a tough situation. According to a recent c|net article titled “Estate planning 101: Your guide to wills, […]
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What Benefits do Trusts Have for “Average” Folks?

POSTED ON: February 10, 2020 BY: Kyle Krull
Trusts serve several purposes. What mental images are formed when you think of trust? Do you think of millionaires? Thurston Howell III and Lovey, perhaps? Although trusts can certain help preserve wealth, they are not only for the rich. This was recently confirmed by a Stamford Advocate article titled “Trusts are not for the wealthy […]
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