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Wills or Trusts

Are Trusts Superior to Wills?

POSTED ON: October 3, 2023 BY: Kyle Krull
Wills and trusts are both useful estate planning tools. The debate over whether wills or trusts are better in estate planning has been argued by many for decades. The nature of this argument may be likened to whether a screwdriver or wrench is a better tool. It depends on what you need for the specific […]
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Estate planning language

Should My Estate Plan Language be Direct?

POSTED ON: May 11, 2023 BY: Kyle Krull
The language used in estate planning can be more vague for some requests. How something is said is often just as important as what is said. People communicate just as much through body language and tone of voice as they do with their words. Although these sensory details are often missing in estate planning documents, […]
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Guidance

Is All Estate Guidance Legally Binding?

POSTED ON: April 20, 2023 BY: Kyle Krull
Guidance in an estate plan does not have to be legally binding. So sometimes, being imprecise is not a big deal. For example, recipes often say “salt and pepper to taste,” giving the cook room for personal preference. Other times, it can lead to incorrect results, like adding too much baking soda or baking powder […]
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Remarriage

Does Remarriage Require Estate Planning?

POSTED ON: March 9, 2023 BY: Kyle Krull
Remarriage for seniors is not uncommon. Although many people envision young couples when they think of weddings, people get married and remarried at any age. For some, divorce or death leads to being single again. For others, they have simply waited longer to find the love of their life. According to a recent MSN article […]
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Estate planning paperwork

How Do I Tackle Estate Settlement Paperwork?

POSTED ON: April 15, 2021 BY: Kyle Krull
Managing estate  paperwork can seem daunting after the death of a loved one. The list is long. Even with a well-organized estate plan, knowing what to do after the death of a loved one is challenging to navigate. You are dealing with the grief of a deep personal loss. At the same time, demands are […]
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Prepare for estate planning meeting

Am I Ready for My Estate Planning Meeting?

POSTED ON: March 22, 2021 BY: Kyle Krull
It is important to prepare for your estate planning meeting. You have scheduled an appointment with an experienced estate planning attorney. Congratulations! You have taken the first important step to protecting everyone you love and everything you have. By simply making an appointment, you are ahead of the majority of your American peers in estate […]
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bequeath digital property

Can I Bequeath My Digital Property?

POSTED ON: October 21, 2020 BY: Kyle Krull
Your digital property requires estate planning. We live in an increasingly digital world. I think we would all agree with that, yes? Smartphones are essentially mini computers with the ability to make phone calls. Owning a business requires having a website. Social media and apps have become interconnected with work, hobbies, and relationships. Even banking […]
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probate and trust administration

Are Probate and Trust Administration Different?

POSTED ON: July 30, 2020 BY: Kyle Krull
Probate and trust administration are different processes. You have done your calculations. You likely will have assets remaining when you die. There is more than one option when leaving an inheritance to your loved ones. The two primary methods are through a last will and testament or through a revocable living trust. According to a […]
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How Do I Make My Estate Planning Fair?

POSTED ON: October 11, 2019 BY: Kyle Krull
Fair estate planning does not necessarily mean equal estate planning. Let me explain. You have multiple children. As children they were obsessed with fairness. Sister has a bigger cookie? It is not fair. Brother gets a later bedtime? Still not fair. According to a recent The Press Enterprise article titled “Why ‘fair’ and ‘equal’ aren’t always […]
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