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Do-it-yourself estate planning problems

Why Should I Avoid Do-It-Yourself Estate Planning?

POSTED ON: January 20, 2021 BY: Kyle Krull
Do-it-yourself estate planning can leave an ugly mess. There are people who prefer to tackle projects on their own. For some, this is born from necessity. For others, curiosity or personal growth is the driving force. Perhaps you are someone who prefers do-it-yourself projects. Whether you learn how to tackle a project from your parent […]
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Necessary estate planning documents

What are Necessary Documents for Estate Planning?

POSTED ON: January 19, 2021 BY: Kyle Krull
Retirees should prioritize getting necessary documents for estate planning. If you are an adult, you should have an estate plan. You never know when you will die, or become incapacitated. Although you occasionally hear about people retiring in their 30s, most people retire after decades in the workforce. These older retirees should take steps now […]
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Seniors living independently

Is Living Safely at Home Possible for Seniors?

POSTED ON: January 18, 2021 BY: Kyle Krull
Living safely at home may be possible for many seniors. Aging comes with an increase in ailments. As people get older, their bodies decline cognitively and physically. For some, this can be a rapid onset. For others, the decline can be slower. According to a recent Tapinto.net article titled “Caring for Elderly Parents: Can They […]
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Leave outside of last will and testament

What Should I Not Include in My Will?

POSTED ON: January 15, 2021 BY: Kyle Krull
There are things you should not include in your last will and testament. You have recently inventoried your assets. Your list includes your real estate, your investments, your bank accounts, and your tangible property. With this step completed, you are ready to create an estate plan. According to a recent MSN Money article titled “Things […]
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Personalize your estate plan

Why Should I Personalize My Estate Plan?

POSTED ON: January 14, 2021 BY: Kyle Krull
Personalize your estate plan to meet your specific needs. No one person is exactly alike. Even identical twins have distinctive features. I know, if have identical twin daughters! People have their own goals, families, jobs, and income sources. According to a recent Cleveland Jewish News article titled “Tailoring estate to specific needs leads to better […]
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Avoiding estate planning mistakes

Did I Make Estate Planning Mistakes?

POSTED ON: January 13, 2021 BY: Kyle Krull
Estate planning mistakes are not uncommon. Last year was not what you expected it to be. <Understatement?> Although you likely hoped for a different start to 2021, you have found it to seem equally out-of-control. You are reminded how you cannot predict the future. After all, "It's tough to make predictions, especially about the future." […]
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Using a life settlement for retirement

How Can a Life Settlement Provide Retirement Income?

POSTED ON: January 12, 2021 BY: Kyle Krull
A life settlement can provide additional funds to use in retirement. If you are in retirement, you are living on a fixed income. What you saved in your nest egg needs to last for the rest of your life and the life of your spouse. Although Social Security can also provide a monthly stipend, it […]
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Planning for blended families

Can Estate Planning for Blended Families Go Wrong?

POSTED ON: January 11, 2021 BY: Kyle Krull
Blended families with multiple children can make trust planning essential. You and your spouse met. You fell in love. You got married. You also brought your own respective children to the new relationship. Together, you navigated the joining of two families. According to a recent The Daily Sentinel article titled “Estate Planning: A Trust Can […]
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Celebrities

How Have Celebrities Faired in Estate Planning?

POSTED ON: January 10, 2021 BY: Kyle Krull
You can learn a lot from the estate plans of celebrities. Many Americans are enthralled with celebrities. These could be athletes, actors, musicians, politicians, or even social media “influencers.” People love to see others succeed. Some people also enjoy watching them fail. As an estate planning attorney, I take no pleasure in the consequences of […]
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Retirement myths

What Are Prominent Retirement Myths?

POSTED ON: January 7, 2021 BY: Kyle Krull
There are several retirement myths circulating about from well-meaning people. You are planning for retirement. You started by researching information online. Although the internet certainly has helpful information, it is not always accurate. According to a recent Auburn.pub article titled “Let’s Leave These 3 Retirement Myths in 2020’s Dust,” you should be wary of retirement […]
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