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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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Trusts

How Different are Wills and Trusts?

POSTED ON: July 25, 2023 BY: Kyle Krull
Distinct differences exist between wills and trusts. Estate planning typically involves creating a will-based or a revocable living trust-based plan. Both have been used for generations to transfer assets to loved ones successfully. While most people have likely heard both terms, they still may be confused about the differences between wills and trusts. According to […]
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"pour-over will"

Do I Need a Pour-Over Will?

POSTED ON: July 11, 2023 BY: Kyle Krull
A "pour-over will" is an often misunderstood legal document. In fact, a "pour-over will" is really just a "last will and testament," which is always paired with a revocable living trust (RLT). And a pour-over will may have no practical purpose if its maker (i.e., the "testator," if male, or the "testatrix," if female) has […]
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"Home Deed"

Should I Add My Adult Child to My Home Deed?

POSTED ON: July 6, 2023 BY: Kyle Krull
Your home deed represents one of your most valuable assets. Some people add the name of an adult child to the title of their home deed. Why? For probate avoidance. Since children tend to outlive their parents, this seems a simple solution. Not so fast. As with much of life, what appears simple on the […]
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Estate planning attorney

How Do I Vet an Estate Planning Attorney?

POSTED ON: March 23, 2023 BY: Kyle Krull
It is important to have a good estate planning attorney. Hiring an estate planning attorney is an important decision. People should not enter into this professional relationship lightly. Asking for recommendations from family, friends, or other professionals can be a good place to start. Whether you find options through recommendations or a web search, you […]
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Grief

Can I Make Grief Less Overwhelming?

POSTED ON: March 6, 2023 BY: Kyle Krull
Grief is intense after the loss of a loved one. Emotions are relatively challenging for many people. The complexity of grief can be particularly chaotic. Not only is a loved one no longer present, but the decedent is often someone who would have helped provide comfort and shoulder postmortem responsibilities. According to a recent Scubby […]
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Reviewing estate plan

Should I be Reviewing my Estate Plan?

POSTED ON: March 1, 2023 BY: Kyle Krull
Reviewing an estate plan should be done periodically. Few things in life are truly “fix it and forget it.” Cars and homes require maintenance. Gardens require weeding and watering. Lawns require mowing and fertilizing. Neglecting these ongoing tasks leads to problems. According to a recent Kiplinger article titled  “Need an Estate Planning Checkup? Now is […]
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Barbara Walters

Who Will Inherit from Barbara Walters?

POSTED ON: February 17, 2023 BY: Kyle Krull
Barbara Walters left a journalistic legacy and a fortune. Broadcast journalism has played a significant role in American culture and history. As a result, news anchors and television personalities have introduced people to the effects of crime, war, natural disasters, and other significant events. As news reporting has shifted to include more online services, journalists […]
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Ivana Trump

Who Inherited from Ivana Trump?

POSTED ON: February 10, 2023 BY: Kyle Krull
Ivana Trump left a large inheritance. People tend to have strong thoughts, feelings, and opinions about the Trump family. However, only in the decade has the family been connected to politics. Rather, the name has long been associated with business success and real estate. According to a recent Newsweek article titled “Ivana Trump Gives Nanny […]
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Lisa Marie Presley

Did Lisa Marie Presley Have Heirs?

POSTED ON: February 6, 2023 BY: Kyle Krull
Lisa Marie Presley left behind a family legacy at her death. Most people live their lives in relative obscurity. Others are household names from the time of their birth. The latter was true of Lisa Marie Presley. According to a recent NME article titled “Lisa Marie Presley’s children to inherit Graceland estate,” being the daughter […]
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