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Category: Estate Planning

Probate

Is Probate Something to be Feared?

POSTED ON: February 22, 2022 BY: Kyle Krull
Probate is how the government oversees estate settlement. Most Americans do not understand probate. They have read news articles about celebrity estate battles or have heard stories from friends about the challenges they have faced. Stories like these often lead to people to feel fear and dread about the future of their own assets. According […]
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Digital assets

Can I Decide What Happens to My Digital Assets?

POSTED ON: February 17, 2022 BY: Kyle Krull
Digital assets are relatively easy to accumulate and overlook. With the rise of technology, people do not have to plan in advance like they once did! Forgot to defrost chicken for dinner? No problem. You can order a meal on your phone and pick it up in minutes (or have it delivered to your door)! […]
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Real estate in a living trust

How Should I Transfer My Home to My Living Trust?

POSTED ON: February 15, 2022 BY: Kyle Krull
A living trust can be good for your home and other assets. The last will and testament is the most commonly recognized estate planning document. It is certainly important to have a last will and testament for nominating guardians and distributing assets through probate. Some people find this document sufficient to meet their estate planning […]
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Why Should I Write a Letter of Intent?

POSTED ON: February 14, 2022 BY: Kyle Krull
A letter of intent allows parents to communicate wishes for their children. Becoming a parent means your life is filled with more joy and love than you could have ever imagined possible. Being a parent also brings greater responsibility and more worries. By the way, you never stop being a parent once you become one. […]
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Probate assets

What Assets Will Be Governed by Probate?

POSTED ON: February 11, 2022 BY: Kyle Krull
Distributing assets through probate is more complicated without an updated last will and testament. Many things should be accomplished within a specific window of time. Winter wheat must be planted in the fall and harvested in the summer. Health insurance must be renewed or plans changed during open enrollment. Estate planning documents should be created […]
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Estate sale

How Should I Prepare for an Estate Sale?

POSTED ON: February 9, 2022 BY: Kyle Krull
Organizing an estate sale can be overwhelming. Your loved one has died and left behind a house and a lifetime of possessions. Although some of these have special meaning to you and the rest of your family, much of the possessions hold no personal value. Whether you are selling or moving into the property, the […]
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Password protection

Can Password Protection Complicate Estate Planning?

POSTED ON: February 7, 2022 BY: Kyle Krull
Password protection can cause complications for heirs and executors. I am constantly amazed by the changes in technology. I grew up when phones used to be wired to a wall (no, i am not kidding) and now they are essentially personal computers you can take anywhere. Also, people can now pay others by transferring money […]
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Create and estate plan now

What Estate Planning Decisions Must I Make?

POSTED ON: February 4, 2022 BY: Kyle Krull
Estate planning is multifaceted. Things are almost never as simple as they look. Professionals spend decades training to perfect their skills whether they perform surgery or stenography. Watch to the end of the film credits of your favorite movie and see the vast number of individuals and skill sets required to produce a finished product. […]
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Moving to a new state

What Should I Consider When Moving to a New State?

POSTED ON: February 3, 2022 BY: Kyle Krull
Moving to a new state requires a review (and possible update) of your estate plan and other consideration. Life has changed significantly since 2020. People have lost or changed jobs. Many have relocated for work. Others simply have chosen to be closer to family or better weather. This is especially true for those who are […]
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Bypass Trust

When Might a Bypass Trust Be Better than Portability?

POSTED ON: February 2, 2022 BY: Kyle Krull
Married couples can utilize a bypass trust to provide more estate planning control. Both married and single people must face the challenges of life. They must go to work, pay bills, and navigate the deaths and illnesses of loved ones. Eventually, they must face their own deaths. It is best to have an estate plan […]
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