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Category: Estate Planning

Siblings

Can Siblings Share an Inherited House?

POSTED ON: August 4, 2023 BY: Kyle Krull
Sharing an inherited home with siblings can become complicated. Siblings do not always share well. While this is often obvious when they are children, many brothers and sisters are no better when they become adults. Even those who have learned to share well may struggle occasionally in adulthood due to circumstances. Some children grow up, […]
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Estate planning attorneys

Do Estate Planning Attorneys Serve a Purpose?

POSTED ON: August 3, 2023 BY: Kyle Krull
Estate planning attorneys are essential to protecting yourself and your loved ones. Attorneys tend to get a bad “rap," deservedly or undeservedly. I know numerous unflattering jokes about attorneys. Like all comedy and humor, what makes them funny is the hint of truth and relatability. Okay, here is one of my favorite attorney jokes. In […]
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Glenn Frey

Who Inherited the Estate of Glenn Frey?

POSTED ON: August 2, 2023 BY: Kyle Krull
Glenn Frey left both a legacy of music for the world and provision for his family. Many people dream of being a guitarist in a successful band. Few realize this dream. Glenn Frey was one of the few fortunate and talented individuals who made a living from making music for the enjoyment of the masses. […]
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Multigenerational

How Is a Multigenerational Family Home Inherited?

POSTED ON: July 28, 2023 BY: Kyle Krull
Multigenerational estate planning should be completed with an experienced estate planning attorney. Families are an essential consideration in estate planning. Sometimes family dynamics are fraught with tension. Other families share deep relationships and connections among and between the generations. According to a recent Kiplinger article titled "How to Handle Estate Planning for Multigenerational Living Arrangements," both […]
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Missing heir

How Can a Missing Heir be Found?

POSTED ON: July 26, 2023 BY: Kyle Krull
Finding a missing heir is not always easy. Heirs are those individuals who receive inheritances from someone who has died. Generally, these heirs are family or friends. When people create a last will and testament, they designate their heirs. They can include or exclude almost anyone they like. According to a recent Next Avenue article […]
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Trusts

How Different are Wills and Trusts?

POSTED ON: July 25, 2023 BY: Kyle Krull
Distinct differences exist between wills and trusts. Estate planning typically involves creating a will-based or a revocable living trust-based plan. Both have been used for generations to transfer assets to loved ones successfully. While most people have likely heard both terms, they still may be confused about the differences between wills and trusts. According to […]
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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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