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Why Should I Write a Letter of Intent?

POSTED ON: February 14, 2022 BY: Kyle Krull
A letter of intent allows parents to communicate wishes for their children. Becoming a parent means your life is filled with more joy and love than you could have ever imagined possible. Being a parent also brings greater responsibility and more worries. By the way, you never stop being a parent once you become one. […]
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Probate assets

What Assets Will Be Governed by Probate?

POSTED ON: February 11, 2022 BY: Kyle Krull
Distributing assets through probate is more complicated without an updated last will and testament. Many things should be accomplished within a specific window of time. Winter wheat must be planted in the fall and harvested in the summer. Health insurance must be renewed or plans changed during open enrollment. Estate planning documents should be created […]
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Eating fish

Does Consuming Fish Benefit the Brain?

POSTED ON: February 10, 2022 BY: Kyle Krull
Eating fish can have multiple health benefits. The season of Lent will soon be upon us. Around this time of year, many Catholics adjust their diets to consume fish rather than meat from land animals. As a result, you may find many local parishes holding “fish fries” on Friday between Ash Wednesday and Easter. For […]
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Estate sale

How Should I Prepare for an Estate Sale?

POSTED ON: February 9, 2022 BY: Kyle Krull
Organizing an estate sale can be overwhelming. Your loved one has died and left behind a house and a lifetime of possessions. Although some of these have special meaning to you and the rest of your family, much of the possessions hold no personal value. Whether you are selling or moving into the property, the […]
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Eyes

Are My Habits Harmful to My Eyes?

POSTED ON: February 8, 2022 BY: Kyle Krull
Certain habits can harm your eyes. Both poets and scientists have been fascinated with the eye for thousands of years. These organs allow people to see the faces of their loved ones, enjoy sunsets, and read books to enrich their knowledge. Although most people rely heavily on their sight, they often neglect the very organs […]
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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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Create and estate plan now

What Estate Planning Decisions Must I Make?

POSTED ON: February 4, 2022 BY: Kyle Krull
Estate planning is multifaceted. Things are almost never as simple as they look. Professionals spend decades training to perfect their skills whether they perform surgery or stenography. Watch to the end of the film credits of your favorite movie and see the vast number of individuals and skill sets required to produce a finished product. […]
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Moving to a new state

What Should I Consider When Moving to a New State?

POSTED ON: February 3, 2022 BY: Kyle Krull
Moving to a new state requires a review (and possible update) of your estate plan and other consideration. Life has changed significantly since 2020. People have lost or changed jobs. Many have relocated for work. Others simply have chosen to be closer to family or better weather. This is especially true for those who are […]
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Bypass Trust

When Might a Bypass Trust Be Better than Portability?

POSTED ON: February 2, 2022 BY: Kyle Krull
Married couples can utilize a bypass trust to provide more estate planning control. Both married and single people must face the challenges of life. They must go to work, pay bills, and navigate the deaths and illnesses of loved ones. Eventually, they must face their own deaths. It is best to have an estate plan […]
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Transfer Tax

What is the Transfer Tax Outlook for 2022?

POSTED ON: February 1, 2022 BY: Kyle Krull
The transfer tax looks a little different in 2022. Taxes are not constant. Sometimes the laws are updated by both the state and the federal taxing authorities. Other times, the thresholds and amounts are influenced by inflation. According to a recent Forbes article titled “2022 Transfer Tax Update,” both may apply to the transfer tax […]
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