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Category: Estate Planning

Reviewing estate plan

Should I be Reviewing my Estate Plan?

POSTED ON: March 1, 2023 BY: Kyle Krull
Reviewing an estate plan should be done periodically. Few things in life are truly “fix it and forget it.” Cars and homes require maintenance. Gardens require weeding and watering. Lawns require mowing and fertilizing. Neglecting these ongoing tasks leads to problems. According to a recent Kiplinger article titled  “Need an Estate Planning Checkup? Now is […]
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Components

What are Key Estate Plan Components?

POSTED ON: February 27, 2023 BY: Kyle Krull
Comprehensive estate planning has several key components. People have long valued knowledge. It is natural to want to understand. In fact, I feel most vulnerable when I do not even know what I do not even know. And that encompasses too many areas to list! How about you? From the time children learn to speak, […]
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Digital assets

How Can I Make Plans for Digital Assets?

POSTED ON: February 24, 2023 BY: Kyle Krull
Digital assets can be just as important as tangible assets. For most of human history, people valued what was tangible. Wealth and value was determined by things like the number cattle or the acres of land owned. Only recently have digital assets even existed. According to a recent yahoo! article titled “How to Start Digital […]
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Myths

Have I Believed Estate Planning Myths?

POSTED ON: February 23, 2023 BY: Kyle Krull
Many people believe common myths about estate planning. All cultures around the world have myths. Some of these involve stories of heroes, villains, and supernatural creatures. Others involve pithy phrases or offer solutions to common ailments. Although some of these myths are fairly harmless, others can have dire consequences. According to a recent The Street […]
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Dementia

Does Dementia Preclude Estate Planning?

POSTED ON: February 22, 2023 BY: Kyle Krull
Dementia often leads to mental incapacity. Some cognitive decline is to be expected in aging. For some, the progression is relatively mild. For others, the decline is more severe and involves dementia or Alzheimer’s. According to a recent Health News article titled “Can Someone With Dementia Sign Legal Documents,” the progression of these diseases can […]
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Revocable Trusts

Can Creditors Access Revocable Trusts?

POSTED ON: February 21, 2023 BY: Kyle Krull
Creditors may be able to make claims on revocable trusts. Many people believe trusts are a magical solution to their estate planning and financial fears. Trusts are certainly valuable tools when created properly, but not all trusts are equal. Some trusts are best for maintaining control of assets and simplifying asset distribution. Others provide greater […]
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Lisa Marie Presley trust

Is the Trust of Lisa Marie Presley Valid?

POSTED ON: February 20, 2023 BY: Kyle Krull
Lisa Marie Presley may have triggered legal disagreements with her estate plan. The life of Lisa Marie Presley was filled with quite a bit of drama through divorces and deaths. Despite this, it was originally believed Lisa Marie would have a fairly simple estate distribution. It was expected to simply include her children as heirs […]
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Barbara Walters

Who Will Inherit from Barbara Walters?

POSTED ON: February 17, 2023 BY: Kyle Krull
Barbara Walters left a journalistic legacy and a fortune. Broadcast journalism has played a significant role in American culture and history. As a result, news anchors and television personalities have introduced people to the effects of crime, war, natural disasters, and other significant events. As news reporting has shifted to include more online services, journalists […]
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HIPAA

What is Included in a HIPAA Authorization?

POSTED ON: February 17, 2023 BY: Kyle Krull
Adults should have a HIPAA Authorization. Many laws and safeguards exist to protect health records. One of these laws is the Health Information Portability and Accountability Act, otherwise known as HIPAA. This Act provides directions regarding who has access to health information. According to a recent HIPAA Journal article titled “What is HIPAA Authorization?,” you […]
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Estate plan

Where Should I Keep my Estate Plan?

POSTED ON: February 15, 2023 BY: Kyle Krull
An estate plan is not complete until it is organized. If you have reached age 18, you should have an estate plan. Even without significant wealth or children, people have a lot to lose if something happens to them without a plan in place. Incapacity is one of the greatest dangers to young people. According […]
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