Kansas and Missouri Estate Planning Blog

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LLCs

Are LLCs Better than Trusts?

POSTED ON: May 9, 2023 BY: Kyle Krull
Limited Liability Companies (LLCs) and trusts are both helpful for asset protection. Asset protection can be a priority for many in their life and estate planning. This is especially important for those with much to lose as business owners. Two common tools for asset protection include trusts and Limited Liability Companies (LLCs). According to a […]
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Estranged child

Should I Include My Estranged Child in My Estate Plan?

POSTED ON: August 24, 2021 BY: Kyle Krull
Estranged children cannot be ignored in your estate plan. Families can be sources of great joy and great pain. Although many people want close and positive relationships with their loved ones, this is not always a reality. Children become estranged for a variety of reasons. According to a recent The News-Enterprise article titled “Estate planning […]
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Testamentary trust for minors

When Would A Testamentary Trust be Helpful?

POSTED ON: August 19, 2021 BY: Kyle Krull
A testamentary trust can be beneficial for families with minor children. A last will and testament is used to distribute assets to heirs when you die. This can be a straightforward process for adult heirs. When minor children inherit, the distribution of assets can become a bit more complicated. According to a recent wtop news […]
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using a trust to protect minor children

Does a Trust Protect Minor Children?

POSTED ON: July 16, 2021 BY: Kyle Krull
A trust provides benefits beyond what beneficiary designations accomplish. When it comes to estate planning, every family and individual family member is different. Although people may have similar assets, they have unique goals and circumstances. All of these variables influence whether a trust should be including in an estate plan. According to a recent Nj.com […]
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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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Are Inter Vivos Trusts and Testamentary Trust Different?

POSTED ON: April 30, 2020 BY: Kyle Krull
Different trusts serve different purposes. You likely have heard about trusts as part of estate planning. You know that one use of trusts is to bypass probate when it comes to transferring assets. This sounds appealing to you. Perhaps you will utilize a trust in your estate plan. According to a recent Investopedia article titled […]
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