Kansas and Missouri Estate Planning Blog

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Inventory

What is Included in an Estate Inventory?

POSTED ON: June 2, 2022 BY: Kyle Krull
Estate inventory is one role of an executor. People can accumulate a lot of stuff throughout their lifetimes. This can include common clutter. It can also include valuable assets. After all, what is trash to one may be treasure to another. According to a recent Yahoo Finance article titled “What Is Included in an Estate […]
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Funeral

Are There Benefits to Preplanning a Funeral?

POSTED ON: June 1, 2022 BY: Kyle Krull
Funeral planning can start before a person dies. People seem to fall into two camps. One group cannot stand to think about their own mortality and actively avoid the topic. The other group wonders about their legacy. According to a recent Yahoo Life article titled “Should You Pre-Pay for Your Own Funeral as Part of […]
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Sleep and dementia

Can Poor Sleep Lead to Dementia?

POSTED ON: May 31, 2022 BY: Kyle Krull
Getting the right amount of sleep is important to overall health. Sleep patterns change throughout life. Different stages of development require different amounts of sleep or even different times for rest. Babies are asleep for most of the day. Eventually, young children grow to dislike naps. Teenagers are notorious for staying up late and waking […]
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Memorial Day

Memorial Day, 2022

POSTED ON: May 30, 2022 BY: Kyle Krull
On Veterans Day, November 11, we remember all of those who have served in the United States military. However, on Memorial Day, the third Monday in May, we remember all of those who have given "the last full measure" while wearing the cloth of our nation. And there sure have been a lot of them. We […]
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Power of attorney

Do State Laws Governing a Power of Attorney Differ?

POSTED ON: May 27, 2022 BY: Kyle Krull
Power of attorney laws may not look the same in each state. Accidents happen all the time. Sometimes, they are small and only a minor inconvenience. At other times, accidents and illness can lead to short-term or long-term incapacity. According to a recent limaohio.com article titled “When ‘anything and everything’ does not mean anything and […]
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Tea

Can Drinking Tea Reduce Dementia Risk?

POSTED ON: May 26, 2022 BY: Kyle Krull
Tea may reduce the risk of developing dementia. As people age, their risk for developing dementia also increases. This is unsurprising with the World Health Organization estimating the disease impacts more than 55 million people across the globe. About 10 million new cases are reported each year. Alzheimer’s accounts for between 60 and 70 percent […]
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Pour-over will

How Can a Pour-Over Will Benefit my Trust?

POSTED ON: May 25, 2022 BY: Kyle Krull
A pour-over will is used when a trust is in place. Many people think of estate planning as a binary decision - they need to choose either a last will or a revocable living trust (RLT). Although one of these must set the foundation for your estate plan, they are not necessarily mutually exclusive. A […]
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Social Security for surviving spouse

Why is Timing of Social Security Important?

POSTED ON: May 24, 2022 BY: Kyle Krull
The timing of Social Security claims has a significant impact on finances. With the rise of inflation and cost of living, each penny counts. This is true whether you are single and starting your career or married with children. Those entering retirement may feel the financial stress acutely as income will not be generated by […]
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Living trust

What Can Be Used to Fund a Living Trust?

POSTED ON: May 23, 2022 BY: Kyle Krull
Placing larger assets in a revocable living trust could simplify distribution. Many people want to simplify their estate planning. Their definition of a simple estate plan will guide what documents are included. If simple means a basic estate plan, the individuals will likely opt for a last will and testament over a trust. If they […]
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Rise in dementia cases

Why Is There a Measured Increase in Dementia?

POSTED ON: May 20, 2022 BY: Kyle Krull
Dementia is a common ailment in seniors. When people develop dementia, it impacts all areas of their lives. Forgetfulness can quickly threaten finances and physical health as bills are left unpaid or medications are left untaken. Additionally, relationships can suffer due to losing memories of important people. According to a recent Money Talks News article […]
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