Kansas and Missouri Estate Planning Blog

Estate planning attorney

Why Do I Need an Estate Planning Attorney?

POSTED ON: August 3, 2022 BY: Kyle Krull
Hiring an estate planning attorney is always a good idea. Okay, that sounds self-serving, but stay with me on this. Many people try to do estate planning on their own. They think they can simply download a document from the internet and call it good. Generally, this does not turn out well. Even if a […]
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Newlyweds

How Should Newlyweds Prepare for Marriage?

POSTED ON: June 7, 2022 BY: Kyle Krull
Newlyweds should do estate planning before and after they walk down the aisle. Weddings are a time of celebration. They mark the joining of two families through a covenant of love. These celebration often involve months of planning and preparations. According to a recent AZ Big Media article titled “5 estate planning tips for newlyweds,” […]
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Portability

Why Should Farmers Elect Portability?

POSTED ON: May 10, 2022 BY: Kyle Krull
Farmers should utilize portability in their estate planning. Farming is not an easy profession. Those who care for their land and animals know the will and ability to do this work is in their blood. Many have inherited the drive, perseverance, and diligence from their ancestors. While the character of a farmer may be instilled […]
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Retirement costs

What are Common Unexpected Retirement Costs?

POSTED ON: April 15, 2022 BY: Kyle Krull
Retirement costs can add up fast. Life is full of surprises. Sometimes these can be expensive. With a fixed income in retirement, unanticipated expenses can feel incredibly intimidating. According to a recent Money Talks News article titled “11 Huge Retirement Costs That Are Often Overlooked,” awareness of common high cost expenses in retirement can help you […]
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Discretionary trust

When Might a Discretionary Trust be Helpful?

POSTED ON: April 5, 2022 BY: Kyle Krull
A discretionary trust can protect against mismanagement of trust funds. Those who desire to avoid probate often utilize trusts in their estate plans. This is accomplished through retitling assets to the trust. Because the assets are not under your name, they are not included in your personal probate estate. According to a recent The Facts […]
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Getting married again

How Are Finances Impacted by Getting Married Again?

POSTED ON: April 4, 2022 BY: Kyle Krull
Getting married again means more than planning another wedding. Remarriages are fairly common in the United States. Whether the result of death or divorce, they often involve more considerations than a first marriage. Couples must consider a number of factors as they blend families. According to a recent CNBC article titled “Remarrying? Here are financial […]
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Tax return

How Do I File a Tax Return for a Decedent?

POSTED ON: February 25, 2022 BY: Kyle Krull
Preparing a tax return for a deceased friend or relative can be mentally and emotionally challenging. Filing taxes is often tedious and unpleasant. Unless you work for the IRS or make money helping others prepare their tax returns, you likely despise this time of year. Although it is challenging enough to complete your own taxes, […]
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Create and estate plan now

What Estate Planning Decisions Must I Make?

POSTED ON: February 4, 2022 BY: Kyle Krull
Estate planning is multifaceted. Things are almost never as simple as they look. Professionals spend decades training to perfect their skills whether they perform surgery or stenography. Watch to the end of the film credits of your favorite movie and see the vast number of individuals and skill sets required to produce a finished product. […]
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Wealth transfer

What Is Involved in Efficient Wealth Transfer?

POSTED ON: January 28, 2022 BY: Kyle Krull
Wealth transfer can be complicated by a number of factors. Not everyone has a job earning them large sums of money each year. This does not necessarily mean they will have fewer assets to transfer. Rather, many build their wealth through wise money management over the course of their careers. Think Dave Ramsey. According to […]
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Homeownership in retirement

Will My Home Be a Financial Burden in Retirement?

POSTED ON: January 27, 2022 BY: Kyle Krull
A home is a large investment physically and financially. Owning a home requires commitment. A lot of it. Becoming a homeowner involves monthly mortgage payments as well as property taxes. Properly maintaining the home is also not cheap. According to a recent Real Simple article titled “For Retirees, a Home Could Be Your Largest Asset—or […]
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