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Am I Too Young for Estate Planning?

POSTED ON: October 16, 2019 BY: Kyle Krull
Estate planning is for the young? No, really. Mortality is often the farthest thing from the minds of young people. They are busy getting degrees, starting careers, and growing families. Estate planning can wait. According to a recent The Cleveland Jewish News article titled “Younger generations should focus on estate planning, too,” delaying such preparations […]
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How Do I Find an Estate Planning Attorney?

POSTED ON: October 16, 2019 BY: Kyle Krull
Choosing the right estate planning attorney is essential. You know you need an estate plan. It is the critical for your the success of your comprehensive financial plan and the well-being of your family. According to a recent Next Avenue article titled “How to Find a Good Estate Planner,” you need to do more than simply […]
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Do I Really Need a Will in My Estate Plan?

POSTED ON: October 15, 2019 BY: Kyle Krull
A last will and testament is a necessary requirement for most estate plans. You know you need a plan for asset transfer when you die. You do not want to create a will. After all, surely there are cheaper ways to do this than engaging the assistance of an estate planning attorney. Right? According to […]
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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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When Would I Need Advance Directives?

POSTED ON: October 10, 2019 BY: Kyle Krull
Advance Directives are essential for incapacity planning. Imagine the worst case scenario. That pickup truck just ran the red light. Crash! There has been an accident. You are incapacitated. Your loved ones have shown up to the hospital. The doctors are demanding decisions. According to a recent WRAL article titled “Advance directives lift burden of […]
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Do I Need an Estate Planning Attorney?

POSTED ON: October 9, 2019 BY: Kyle Krull
Experienced estate planning attorneys are game changers. Not all estate plans are created equal. A DIY plan can be downright dangerous! Mistakes are costly and the stakes are high. You cannot fix these problems after you die. According to a recent Next Avenue article titled “How to Find a Good Estate Planner,” you need to […]
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When Would I Use a Pour-Over Will or Trust?

POSTED ON: October 8, 2019 BY: Kyle Krull
A trust can help you avoid probate, but you still need a "pour-over" will. Trusts are not only for the wealthy seeking to minimize estate taxes. They are useful for bypassing probate, too. Sometimes probate can take a long time and cost a lot of money. It may be worth the extra time and money […]
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Do Childless Couples Need an Estate Plan?

POSTED ON: October 7, 2019 BY: Kyle Krull
Estate planning may look different for childless couples. People do not live identical lives. Some people get married early. Others do not. Some people have enough children to field a football team. Some couples go through life as a team of two. According to a recent Motley Fool article titled “5 Estate-Planning Tips for Child-Free […]
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How Can I Set My Baby Up for Success?

POSTED ON: October 4, 2019 BY: Kyle Krull
New parents need to plan for the future of their baby. You are expecting a baby. It is your first. Congratulations! You are new parents. You are nervous and excited. You want to set your baby up for success. According to a recent U.S. News & World Report article titled “Financial Steps to Take When […]
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How Do Executors Deal with Credit Concerns?

POSTED ON: October 3, 2019 BY: Kyle Krull
Executors will find credit reports helpful in their roles. You have been named as an executor. Your friend or family member has passed away. You know your duties will begin soon. What should you do? According to a recent credit.com article titled “Dealing with a Credit Report for the Deceased,” one of the first things […]
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