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Category: Estate Planning

Estate Plan

Is an Estate Plan Really Necessary?

POSTED ON: October 13, 2022 BY: Kyle Krull
Nope. Just kidding. A comprehensive estate plan protects assets and loved ones. A lot of people really like to have control. It helps them to feel more secure. That likely includes you, yes? Although you cannot always control what happens to you, you can prepare for what is outside of your control. According to a […]
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Alzheimer’s

What are Action Steps for Alzheimer’s?

POSTED ON: October 12, 2022 BY: Kyle Krull
Dementia and Alzheimer’s require thoughtful, but quick action. Hearing a doctor pronounce a diagnosis of dementia or Alzheimer’s is devastating. It impacts both the patients and their loved ones. Fear is a common response as the progression of the disease leads to loss of memories, personality, relationships, and independence. According to a recent Next Avenue […]
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Discuss will

Why Should I Discuss the Existence of a Will?

POSTED ON: October 11, 2022 BY: Kyle Krull
Having a valid last will and testament simplifies probate. Far too often families are shocked to learn of estate planning mistakes or neglect after the death of a loved one. Sometimes this includes having an outdated or even an unsigned last will and testament. Other times the executor has died, afterborn children or grandchildren have […]
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Queen Elizabeth II

Did Queen Elizabeth II Have a Personal Estate?

POSTED ON: October 7, 2022 BY: Kyle Krull
The death of Queen Elizabeth II marks the end of an era. The royal family of the United Kingdom has been of interest to many people around the world. Historically, that family has governed populations around the globe. More recently, family fame and drama have captured headlines. According to a recent MSN article titled “Queen […]
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Stevie Ray Vaughan

Who Inherited from Stevie Ray Vaughan?

POSTED ON: October 4, 2022 BY: Kyle Krull
Stevie Ray Vaughan left a fairly small estate. History has shown musicians on aircraft often have tragic endings. This is true of a number of legends. One of these legends was Stevie Ray Vaughan. According to a recent MSN article titled “Here's Who Inherited Stevie Ray Vaughan's Money After His Death,” Vaughan did not have […]
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NFL

Are NFL Teams Automatically Inherited?

POSTED ON: October 3, 2022 BY: Kyle Krull
Estate planning for NFL teams is no small matter. Passing along assets to the next generation requires thoughtfulness for anyone. It involves even more planning when a business is one of these assets. Business succession planning and estate planning certainly must be "tackled" together, especially when the business is a professional football team (pun intended). […]
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Anne Heche

Did Anne Heche Have an Estate Plan?

POSTED ON: September 30, 2022 BY: Kyle Krull
Anne Heche died tragically last month. Tragedy is a common theme in dramas. Many actors spend their careers portraying people caught in heartbreaking circumstances. Throughout her career, Ann Heche brought to life many characters navigating challenges and loss. According to a recent CNN article titled “Anne Heche's son petitions to assume control of her estate,” […]
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Pot trust

How Can a Pot Trust Help My Children?

POSTED ON: September 27, 2022 BY: Kyle Krull
A pot trust can be helpful for families with multiple children. Parenting is challenging. Navigating how to care for each child as an individual, while also supporting the family unit, is no small task. It can be hard to know what each child will need in the future and how choices today will impact them […]
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Gifts

Do Deathbed Gifts Reduce Taxable Estates?

POSTED ON: September 26, 2022 BY: Kyle Krull
Gifts can be a helpful way of reducing estate tax liability. Estate taxes can cost certain estates significantly. Because taxes can reduce inheritances to heirs, it is not surprising when people try to plan strategically to reduce these costs. Sometimes these give rise to cases and questions in Tax Court. Rut row. According to a […]
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Living will

What Does a Living Will Accomplish?

POSTED ON: September 23, 2022 BY: Kyle Krull
A living will is essential in a medical crisis. Families commonly have to make truly challenging decisions regarding health care of loved ones. Often these choices involve whether to provide life-sustaining treatments. The burden of this responsibility is heavy indeed. According to a recent Forbes article titled “How Does A Living Will Work?,” advanced planning for […]
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