Kansas and Missouri Estate Planning Blog

Safe deposit box

What Should Not Go in a Safe Deposit Box?

POSTED ON: September 7, 2022 BY: Kyle Krull
A safe deposit box is not the best storage location for everything of value. Many people do not own a home safe. Instead, they believe it is best to utilize the security of the local bank. They sign up for a safe deposit box and begin placing their valuables into the little box. According to […]
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Digital assets

Is Planning for Digital Assets Simple?

POSTED ON: August 26, 2022 BY: Kyle Krull
Planning for digital assets is more important than ever before. Technology is fairly unavoidable in the modern world. On the minimal side of the technological spectrum, people may settle for an email address and a cell phone. Others, however, live lives so digitized they store all of their information on the cloud and even control […]
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College freshman

What Planning Does a College Freshman Need?

POSTED ON: August 15, 2022 BY: Kyle Krull
A power of attorney is essential for any college freshman. Fall is quickly approaching and school is starting back up here in Kansas and Missouri. While elementary school kiddos have been shopping for pencils, paper, and markers to prepare for school, college students have been buying textbooks and purchasing bedding for their dorms. Although physical […]
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Crypto

How Should Crypto Be Addressed in Estate Planning?

POSTED ON: June 29, 2022 BY: Kyle Krull
Crypto and non-fungible tokens (NFTs) are popular digital assets. The digital realm is continuing to grow in scope and importance. Although some people prefer to have physical assets, most have embraced the digital world to some degree. Some people limit their interactions to email or photo storage. Others have expanded their involvement to trading digital […]
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Are There “Must Have” Estate Planning Documents?

POSTED ON: June 10, 2022 BY: Kyle Krull
Certain estate planning documents are non-negotiable. People do not always like doing things they should do. Avoiding these necessary tasks can lead to future problems. Skipping regular visits to your dentist can lead to tooth decay. Neglecting to change the oil in an automobile can cause engine damage. According to a recent The Ascent article […]
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Financial affairs

Can I Help a Dying Loved One with Financial Affairs?

POSTED ON: March 21, 2022 BY: Kyle Krull
Financial affairs are often ignored as loved ones are dying. When loved ones are ill or dying, there already are many emotional and physical demands on the family. Family members are responsible for overseeing care. Sometimes this involves personally taking the loved one to appointments, preparing meals, or helping with bathing and dressing. Other times, […]
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Password protection

Can Password Protection Complicate Estate Planning?

POSTED ON: February 7, 2022 BY: Kyle Krull
Password protection can cause complications for heirs and executors. I am constantly amazed by the changes in technology. I grew up when phones used to be wired to a wall (no, i am not kidding) and now they are essentially personal computers you can take anywhere. Also, people can now pay others by transferring money […]
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Refuse an inheritance

What is the Process to Refuse an Inheritance?

POSTED ON: December 16, 2021 BY: Kyle Krull
It is possible to refuse an inheritance. Many people and cultures consider it rude to decline a gift. Chances are you were told to smile and thank your relative for the Christmas or birthday present you did not like. In fact, you may even have had to wear it the next time you saw this […]
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Financial information organization

Is Organizing My Financial Information Necessary?

POSTED ON: December 2, 2021 BY: Kyle Krull
It is important for someone to know your financial information. The right to privacy is a value with many benefits. Even so, there are times where failing to share information can prove problematic. One such area involves health concerns. If the physician providing you with medical care does not know your medications or your health […]
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Bank Account Access

Should I Provide Bank Account Access to My Children?

POSTED ON: November 5, 2021 BY: Kyle Krull
Giving bank account access should be carefully considered prior to taking action. As children become adults, they get to know their parents in new ways. Although parents will always be parents and children will always be children, the relationship begins to resemble more of a peer relationship at the functional level. Parental advice becomes less […]
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