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Category: Estate Planning

2022

Happy New Year 2022!

POSTED ON: December 31, 2021 BY: Kyle Krull
I wish all of you a most blessed, healthy, and prosperous 2022. On this end, I will endeavor to keep you up-to-date with “news you can use” regarding the world of estate planning and related matters. One thing is for sure: 2022 should be an interesting ride for us all on many fronts. Stay tuned. […]
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Tidy estate plan

How Can I Make My Estate Plan Tidy?

POSTED ON: December 31, 2021 BY: Kyle Krull
Keeping your estate plan tidy will benefit your family. Most people do not enjoy cleaning their home. Despite this fact, it is less work to keep things tidy than to deep clean after an extended period of neglect. The same could be said of estate planning. According to a recent Chicago Business Journal article titled […]
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Health care power of attorney

Why Is a Health Care Power of Attorney Essential?

POSTED ON: December 30, 2021 BY: Kyle Krull
Aging adults should have a health care power of attorney. It does not hurt to be prepared. Businesses and schools run fire and tornado drills so employees and students know what to do in case of an emergency. Although it can feel silly or inconvenient at the time, being prepared can save lives and lower […]
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Estate planning for house

What are Options for Gifting a House?

POSTED ON: December 27, 2021 BY: Kyle Krull
Passing a house to heirs can be complicated whether it is a vacation home or a primary residence. For many homeowners, their personal residence is one of their most significant assets. In addition to its monetary value, the family home or vacation home also holds memories. There may be a lot of laughter in the […]
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Successor trustee

Who are My Options for a Successor Trustee?

POSTED ON: December 24, 2021 BY: Kyle Krull
A successor trustee is responsible for the management of a trust. Although many individuals designate themselves as the trustee when they create a revocable living trust (RLT), they may not be able to serve forever. While a RLT allows you to manage your own assets while alive, a RLT also provides directions for assets after […]
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Estate planning priority

Why Should an Estate Plan be a Priority?

POSTED ON: December 23, 2021 BY: Kyle Krull
Creating an estate plan should be treated as a priority. What people value can be see in what they actually prioritize. Students can say their education is important to them but spend little time studying. Athletes who do not practice demonstrate they do not want to improve or win. According to a recent The Street […]
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Revisit trust documents

What Should I Revisit When Reviewing my Trust?

POSTED ON: December 22, 2021 BY: Kyle Krull
It is important to revisit your trust. Most things in life require maintenance. A car needs its oil changed and will require parts to be replaced as road use wears them down. Homes require new coats of paint, cleaned gutters, and constant lawn mowing. Even the human body benefits from dentist appointments, annual physicals, and […]
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Mess up an estate plan

How Does One Mess Up an Estate Plan?

POSTED ON: December 21, 2021 BY: Kyle Krull
It is quite easy to mess up an estate plan. People often feel overly confident about their abilities. They watch a baking show on television and think they create equally delicious treats, especially if they adopt a British accent while baking. Others think they can write a book simply because they can appreciate a good […]
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Refuse an inheritance

What is the Process to Refuse an Inheritance?

POSTED ON: December 16, 2021 BY: Kyle Krull
It is possible to refuse an inheritance. Many people and cultures consider it rude to decline a gift. Chances are you were told to smile and thank your relative for the Christmas or birthday present you did not like. In fact, you may even have had to wear it the next time you saw this […]
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digital estate planning

What are Digital Estate Planning Complications?

POSTED ON: December 14, 2021 BY: Kyle Krull
Digital estate planning is essential for certain assets. The world has changed rapidly in the past several decades. With the invention of the internet and personal computers, the digital world has exploded. People can send mail, messages, and money digitally. Pictures can be stored, videos streamed, and personal profiles and channels curated. According to a […]
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