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Category: Estate Planning

Powers of attorney

What Should I Know About Powers of Attorney?

POSTED ON: May 3, 2021 BY: Kyle Krull
Powers of Attorney are necessary for incapacity planning. It is impossible to predict the future. Sudden illnesses, car accidents, or work injuries can leave you and your family in a precarious position. This danger is heightened if you failed to put fundamental legal protections in place. According to a recent My Prime Time News article […]
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Family-owned business

How Can I Preserve My Family-Owned Business?

POSTED ON: April 30, 2021 BY: Kyle Krull
A family-owned business will likely fail without a business succession plan. You run a family-owned business. Serving your clients or customers brings you both joy and income. In fact, your business is your most significant financial asset. This means you have much to lose through life events, whether disability, retirement, or death. According to a […]
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Marilyn Monroe heirs

Who Inherited the Marilyn Monroe Estate?

POSTED ON: April 29, 2021 BY: Kyle Krull
Marilyn Monroe had no family to inherit her estate. Few starlets have captured the hearts of generations like Marilyn Monroe. As Elton John sang, "Goodbye, Norma Jean." Her success on screen and her tragic death in 1962 have piqued admiration and speculation, respectively. Unlike many other celebrities, Marilyn Monroe had an estate plan when she […]
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Discuss estate plan with adult children

Should I Explain My Estate Plan to My Adult Children?

POSTED ON: April 28, 2021 BY: Kyle Krull
It is essential for adult children to know about the estate plans of their parents. There are many changes associated with having adult children. You have seen them begin careers and start families. You have moved from the role of provider and protector as they have assumed these responsibilities for themselves. Despite these milestones, it […]
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Inheritance

Are My Children Ready to Manage an Inheritance?

POSTED ON: April 26, 2021 BY: Kyle Krull
Personal and financial maturity are fundamental to being prepared to receive an inheritance. Your children are adults. Each of them has embarked on higher education, technical training, done a stint in the military, or gone right into the workforce. As you prepare your estate plan, you begin to wonder whether your children are capable of […]
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Talk about estate planning with parent

Talking to Parents about Estate Planning

POSTED ON: April 22, 2021 BY: Kyle Krull
It can be hard to talk about estate planning with your parents. The relationship between parents and children is special. You were utterly dependent on your parents in your early life. At some point, your parents will depend on you. According to a recent Yahoo! Finance article titled “How To Talk to Your Parents About […]
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Coronavirus

Did the Coronavirus Influence Estate Planning?

POSTED ON: April 20, 2021 BY: Kyle Krull
The coronavirus underscored the importance of estate planning at any age. Estate planning is often associated with those who are older. This is likely because "seasoned citizens" have experienced more life and are coming closer to the end of their own lifespans. In short, they recognize their own mortality. According to a recent Insurance News […]
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Estate planning attorney

Why Use an Estate Planning Attorney?

POSTED ON: April 16, 2021 BY: Kyle Krull
Working with an experienced estate planning attorney brings peace of mind. Some laws are pretty simple to comprehend and hard to ignore. Speed limit 45? Do not drive faster than 45 miles per hour. Duh. Other laws are more nuanced and less well-known. According to a recent Cleveland Jewish News article titled “Attorney can help […]
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Estate planning paperwork

How Do I Tackle Estate Settlement Paperwork?

POSTED ON: April 15, 2021 BY: Kyle Krull
Managing estate  paperwork can seem daunting after the death of a loved one. The list is long. Even with a well-organized estate plan, knowing what to do after the death of a loved one is challenging to navigate. You are dealing with the grief of a deep personal loss. At the same time, demands are […]
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Larry King

Did the Estate of Larry King Trigger a Will Contest?

POSTED ON: April 14, 2021 BY: Kyle Krull
The estate of Larry King underscores the importance of estate planning. Larry King had both highs and lows in his career and his personal life. Despite these challenges, he had an uncanny ability to persevere after mistakes and mishaps. According to a recent The National Law Journal article titled “Larry King Will Contest—Key Takeaways,” this […]
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