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Contingent beneficiaries

Is Naming Contingent Beneficiaries Straightforward?

POSTED ON: September 21, 2023 BY: Kyle Krull
Naming contingent beneficiaries is a key step in estate planning. In athletic competition, it is not enough to have one star player. Illness or injury could quickly sideline this exceptional athlete. Instead, it is essential to have a deep bench so your team can handle such unfortunate situations. According to a recent The Mercury article titled “PLANNING […]
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Inherited IRAs

What Exactly are the Rules Governing Inherited IRAs?

POSTED ON: August 30, 2023 BY: Kyle Krull
Inherited IRAs are subject to numerous rules. Individual Retirement Accounts (IRAs) are foundational financial tools for retirement planning. They allow you to set aside and invest pre-tax money that grows tax-deferred so you can have an income stream after you have retired from employment. In addition, at one time, retirement accounts were wonderful tools for […]
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unintended consequences

Can Planning Have Unintended Consequences?

POSTED ON: April 27, 2023 BY: Kyle Krull
Poor estate planning can have unintended consequences. “The road to hell is paved with good intentions.” Although the author of this quote is unknown, the words ring true in a number of circumstances. Estate planning is one. According to a recent The News-Enterprise article titled “Advice for avoiding unintended issues in estate planning,” most people do not […]
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What Are Risks of Not Planning for Special Needs?

POSTED ON: July 22, 2020 BY: Kyle Krull
Your loves ones with special needs require specific planning. You have begun to worry about your child with special needs. Why? You are reasonably certain your child will outlive you. When this happens, you do not want to leave your child financially vulnerable. According to a recent NWTimes.com article titled “Planning for loved ones with special […]
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