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Category: Estate Planning

Insurance policies

Do Retirees Need Insurance Policies?

POSTED ON: August 5, 2022 BY: Kyle Krull
Some insurance policies are necessary through all life stages. Insurance is certainly helpful in adulthood. Without car insurance, a simple fender bender could prove devastating to any budget. Home owners insurance is a lifesaver should your basement get flooded, your roof get struck by lightening, or your neighbor boy hit a baseball through the window […]
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Estate planning attorney

Why Do I Need an Estate Planning Attorney?

POSTED ON: August 3, 2022 BY: Kyle Krull
Hiring an estate planning attorney is always a good idea. Okay, that sounds self-serving, but stay with me on this. Many people try to do estate planning on their own. They think they can simply download a document from the internet and call it good. Generally, this does not turn out well. Even if a […]
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Tony Siragusa

What Was the Tony Siragusa Estate Worth?

POSTED ON: August 2, 2022 BY: Kyle Krull
Tony Siragusa was but 55 years old when he died. Sports commentators tend to be former athletes. As such, people tend to believe they are in fairly good health. This assumption makes the death of Tony “The Goose" Siragusa in June of this year surprising. According to a recent MSN article titled “What Was NFL […]
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Irrevocable trust

Does an Irrevocable Trust Avoid all Taxes?

POSTED ON: August 1, 2022 BY: Kyle Krull
An irrevocable trust may not be able to escape the capital gains tax. Minimizing taxes is a common estate planning goal. Most people would prefer their assets benefit loved ones or a special charity than the government. Those who work with an experienced estate planning attorney have better chances than others to accomplish this goal. […]
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Marital trust

Should My Spouse and I Use a Marital Trust?

POSTED ON: July 29, 2022 BY: Kyle Krull
A marital trust can be a wise estate planning move for couples. Thinking about death is unpleasant for anyone. It can be especially difficult for those who are married. Sharing life with a partner underscores the loneliness experienced after the death of a spouse. Despite the uncomfortable nature of estate planning, it is essential to […]
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Burial insurance

Why Would a Person Need Burial Insurance?

POSTED ON: July 27, 2022 BY: Kyle Krull
Burial insurance can help your loved ones pay for your funeral. With the rise in inflation, the cost of living has increased. This reality is unavoidable. It has caused the price of gas, groceries, and rent to rise. While these living expenses occur on a regular basis, the cost of dying is easily overlooked. According […]
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Spendthrift trust

Does my Family Require a Spendthrift Trust?

POSTED ON: July 26, 2022 BY: Kyle Krull
A spendthrift trust protects an inheritance from a beneficiary with poor financial management. Children in the same household are not clones. Siblings have their own personalities, interests, and habits. While one child may be responsible, another may be frivolous. Some children grow up ... and others just keep on having more birthdays. You get the […]
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Chadwick Boseman

How Large Was the Chadwick Boseman Estate?

POSTED ON: July 22, 2022 BY: Kyle Krull
Chadwick Boseman left a legacy of support. People are drawn to superhero stories. They like the idea of someone protecting and caring for others. Although the death of a hero onscreen is hard, the death of a respected person in real life is more devastating. Fans were shocked when the Black Panther actor died on […]
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legacy letter

Can a Legacy Letter Improve my Estate Plan?

POSTED ON: July 21, 2022 BY: Kyle Krull
Wisdom can be shared through a legacy letter or an ethical will. Life is about more than money. People can be rich and have very little in their bank accounts when they die. Although leaving an inheritance can provide monetary support to loved ones, values and wisdom last longer. According to a recent Kiplinger article […]
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Blended family

What do Blended Family Finances Look Like?

POSTED ON: July 20, 2022 BY: Kyle Krull
Managing finances for a blended family requires clear and open communication. Newly married couples often face some hiccups as they merge into a family unit. This merging can be even more stressful and complicated when the new marriage creates a blended family. Children from previous relationships and the financial habits formed from time as a […]
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