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Category: Estate Planning

Estate taxes

Can Heirs Be Responsible for Estate Taxes?

POSTED ON: July 20, 2023 BY: Kyle Krull
Heirs may be responsible for estate taxes. Not all estates will require payments of estate taxes. It is dependent on a number of factors, including the size of the estate and the specifics of the estate plan. Those who have assets valued in excess of the federal estate exemption threshold and those who live in […]
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Probate judges

What Do Probate Judges Do Exactly?

POSTED ON: July 17, 2023 BY: Kyle Krull
The role of probate judges is to oversee estate administration. Generally speaking, judges are responsible for upholding the local and federal laws in the courts. In some cases, this involves deciding on appropriate discipline for criminal actions. In other cases, judges must oversee the execution of legal documents for business arrangements or estate plans. According […]
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"minor child"

Can a Minor Child Inherit?

POSTED ON: July 13, 2023 BY: Kyle Krull
Leaving an inheritance to a minor child is not a minor matter. Some children grow up and become adults. Other children just keep having more birthdays. If you understand the distinction, then you may even have children in each camp among your heirs. Regardless, even if a minor child is the responsible "old soul" among […]
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"reverse mortgage"

Is a Reverse Mortgage Right for Me?

POSTED ON: July 12, 2023 BY: Kyle Krull
A reverse mortgage is like many financial decisions - there are positives and negatives. If you have watched any cable television, then surely you have seen Tom Selleck as the spokesman for a reverse mortgage company. Run a search on the internet for "Tom Selleck reverse mortgage," and you may think he has committed a […]
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"pour-over will"

Do I Need a Pour-Over Will?

POSTED ON: July 11, 2023 BY: Kyle Krull
A "pour-over will" is an often misunderstood legal document. In fact, a "pour-over will" is really just a "last will and testament," which is always paired with a revocable living trust (RLT). And a pour-over will may have no practical purpose if its maker (i.e., the "testator," if male, or the "testatrix," if female) has […]
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"macular degeneration"

What is Macular Degeneration?

POSTED ON: July 10, 2023 BY: Kyle Krull
Macular degeneration is a fundamental threat to your sense of sight with increasing age. Ah, the "golden years"? I am starting to understand that age-old expression "old age is not for sissies" with each passing birthday. Surprise? As we age, our four fundamental "senses" age with us. So it is with our sense of sight. […]
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"Home Deed"

Should I Add My Adult Child to My Home Deed?

POSTED ON: July 6, 2023 BY: Kyle Krull
Your home deed represents one of your most valuable assets. Some people add the name of an adult child to the title of their home deed. Why? For probate avoidance. Since children tend to outlive their parents, this seems a simple solution. Not so fast. As with much of life, what appears simple on the […]
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"HIPAA Authorization"

Do You Want a HIPAA Authorization for Christmas?

POSTED ON: July 5, 2023 BY: Kyle Krull
Do you have a current HIPPA Authorization? Confused? I get it. Most of the folks I meet for an initial consultation give me that "thousand-mile stare" when I as whether they have a current HIPPA Authorization. Note: this blog post is a cursory introduction to a rather complex yet critical body of law to apprehend. […]
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Happy Independence Day 2023!

POSTED ON: July 4, 2023 BY: Kyle Krull
I wish you and yours a safe and blessed day as we celebrate our "Declaration of Independence" back on July 4, 1776. May we be found worthy of the sacrifices of those who have gone before us in this great yet imperfect country. May we defend our Constitution against all enemies, foreign and domestic.
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Senior Parents

Are Your Senior Parents Healthy?

POSTED ON: July 3, 2023 BY: Kyle Krull
Aging is inevitable for your senior parents. Maintaining their good health is not. Each year can be a mixed blessing with each passing birthday. What response do you get if you ask your senior parents about their health? If they tell you it is "fine" or even "terrific," gently dig a little deeper. Do not […]
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