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Category: Estate Planning

Surviving spouse

How Will My Death Affect the Finances of My Spouse?

POSTED ON: June 16, 2022 BY: Kyle Krull
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
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Adult child

Can I Make Decisions for My 18-Year-Old ‘Kid’ if Incapacitated?

POSTED ON: June 14, 2022 BY: Kyle Krull
Incapacity can occur because of illness or an accident. It can be temporary or permanent. That’s why every adult needs a power of attorney in place, once they turn eighteen.
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Are There “Must Have” Estate Planning Documents?

POSTED ON: June 10, 2022 BY: Kyle Krull
Certain estate planning documents are non-negotiable. People do not always like doing things they should do. Avoiding these necessary tasks can lead to future problems. Skipping regular visits to your dentist can lead to tooth decay. Neglecting to change the oil in an automobile can cause engine damage. According to a recent The Ascent article […]
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Items

Can Items Be Removed from a Home during Probate?

POSTED ON: June 9, 2022 BY: Kyle Krull
People often leave behind a house filled with items when they die. People often live as if they can take their things with them when they die. They are sorely mistaken. All people leave behind their belongings when they die. Each of them and each of their things. Trust me on this. According to a […]
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Newlyweds

How Should Newlyweds Prepare for Marriage?

POSTED ON: June 7, 2022 BY: Kyle Krull
Newlyweds should do estate planning before and after they walk down the aisle. Weddings are a time of celebration. They mark the joining of two families through a covenant of love. These celebration often involve months of planning and preparations. According to a recent AZ Big Media article titled “5 estate planning tips for newlyweds,” […]
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Estate planning

Does Estate Planning Extend Beyond a Will?

POSTED ON: June 3, 2022 BY: Kyle Krull
Estate planning is not limited to a last will and testament. If you have watched a Hollywood movie or read a novel about someone leaving an inheritance, you have likely heard of a last will and testament. This is unsurprising as it is the most common legal document used to distribute assets to heirs. Unfortunately, […]
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Inventory

What is Included in an Estate Inventory?

POSTED ON: June 2, 2022 BY: Kyle Krull
Estate inventory is one role of an executor. People can accumulate a lot of stuff throughout their lifetimes. This can include common clutter. It can also include valuable assets. After all, what is trash to one may be treasure to another. According to a recent Yahoo Finance article titled “What Is Included in an Estate […]
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Funeral

Are There Benefits to Preplanning a Funeral?

POSTED ON: June 1, 2022 BY: Kyle Krull
Funeral planning can start before a person dies. People seem to fall into two camps. One group cannot stand to think about their own mortality and actively avoid the topic. The other group wonders about their legacy. According to a recent Yahoo Life article titled “Should You Pre-Pay for Your Own Funeral as Part of […]
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Power of attorney

Do State Laws Governing a Power of Attorney Differ?

POSTED ON: May 27, 2022 BY: Kyle Krull
Power of attorney laws may not look the same in each state. Accidents happen all the time. Sometimes, they are small and only a minor inconvenience. At other times, accidents and illness can lead to short-term or long-term incapacity. According to a recent limaohio.com article titled “When ‘anything and everything’ does not mean anything and […]
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Pour-over will

How Can a Pour-Over Will Benefit my Trust?

POSTED ON: May 25, 2022 BY: Kyle Krull
A pour-over will is used when a trust is in place. Many people think of estate planning as a binary decision - they need to choose either a last will or a revocable living trust (RLT). Although one of these must set the foundation for your estate plan, they are not necessarily mutually exclusive. A […]
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