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Discuss estate plan with adult children

Should I Explain My Estate Plan to My Adult Children?

POSTED ON: April 28, 2021 BY: Kyle Krull
It is essential for adult children to know about the estate plans of their parents. There are many changes associated with having adult children. You have seen them begin careers and start families. You have moved from the role of provider and protector as they have assumed these responsibilities for themselves. Despite these milestones, it […]
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Long-term care

Is Long-Term Care Tax-Deductible?

POSTED ON: April 27, 2021 BY: Kyle Krull
You may be able to deduct long-term care costs on your tax return. Few people get excited about filing taxes. For many, organizing and reviewing paystubs, receipts, and health insurance forms is tedious and unpleasant. [Count yours truly among that many, but fortunately Gretchen takes care of all of that!] Although filing taxes takes time […]
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Inheritance

Are My Children Ready to Manage an Inheritance?

POSTED ON: April 26, 2021 BY: Kyle Krull
Personal and financial maturity are fundamental to being prepared to receive an inheritance. Your children are adults. Each of them has embarked on higher education, technical training, done a stint in the military, or gone right into the workforce. As you prepare your estate plan, you begin to wonder whether your children are capable of […]
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Tax penalties

What Triggers Tax Penalties in Retirement?

POSTED ON: April 23, 2021 BY: Kyle Krull
Tax penalties can be especially stressful in retirement. You have built your nest egg. Now you are in or nearing retirement. In retirement, you should have nothing to do but enjoy the fruits of your labors free from worry. According to a recent Money Talks News article titled “3 Tax Penalties That Can Ding Your […]
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Talk about estate planning with parent

Talking to Parents about Estate Planning

POSTED ON: April 22, 2021 BY: Kyle Krull
It can be hard to talk about estate planning with your parents. The relationship between parents and children is special. You were utterly dependent on your parents in your early life. At some point, your parents will depend on you. According to a recent Yahoo! Finance article titled “How To Talk to Your Parents About […]
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Second marriage

How Should I Prepare for My Second Marriage?

POSTED ON: April 21, 2021 BY: Kyle Krull
Your second marriage requires revisiting your estate plan. You have found love again. As your prepare for your second wedding, do not neglect your estate planning. Although your wedding day will be filled with memories and loved ones, your estate plan will impact the future of your new family. According to a recent Mondaq article […]
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Coronavirus

Did the Coronavirus Influence Estate Planning?

POSTED ON: April 20, 2021 BY: Kyle Krull
The coronavirus underscored the importance of estate planning at any age. Estate planning is often associated with those who are older. This is likely because "seasoned citizens" have experienced more life and are coming closer to the end of their own lifespans. In short, they recognize their own mortality. According to a recent Insurance News […]
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Processed meat and dementia

Does Processed Meat Cause Dementia?

POSTED ON: April 19, 2021 BY: Kyle Krull
Processed meat and dementia may have an unfortunate connection. Do you like bacon? If yes, you are in good company. As the old saw goes: "That's too much bacon! (Said no man ever.)" Unfortunately, you may want to rethink your dietary choices. According to a recent Medical News Today article titled “Dementia: 25 grams of […]
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Estate planning attorney

Why Use an Estate Planning Attorney?

POSTED ON: April 16, 2021 BY: Kyle Krull
Working with an experienced estate planning attorney brings peace of mind. Some laws are pretty simple to comprehend and hard to ignore. Speed limit 45? Do not drive faster than 45 miles per hour. Duh. Other laws are more nuanced and less well-known. According to a recent Cleveland Jewish News article titled “Attorney can help […]
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Estate planning paperwork

How Do I Tackle Estate Settlement Paperwork?

POSTED ON: April 15, 2021 BY: Kyle Krull
Managing estate  paperwork can seem daunting after the death of a loved one. The list is long. Even with a well-organized estate plan, knowing what to do after the death of a loved one is challenging to navigate. You are dealing with the grief of a deep personal loss. At the same time, demands are […]
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