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Category: Estate Planning

Good Friday

POSTED ON: April 10, 2020 BY: Kyle Krull
Do you stay abreast of local, regional, national and world events? In my 60 years I have never seen times quite like these. Are things (everything really) falling apart, or are they falling in place? Are these simply the signs of the times, or are we living in the times of the signs? What say […]
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if i die intestate

What are Risks of Not Having a Will?

POSTED ON: April 10, 2020 BY: Kyle Krull
Not having a last will and testament can cause a number of problems. You have thought about creating a last will and testament. You even know what you want each of your loved ones to inherit. Surely, this is sufficient for now. You can formalize it later. According to a recent San Antonio Express-News article […]
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How Does COVID-19 Affect Estate Planning?

POSTED ON: April 9, 2020 BY: Kyle Krull
COVID-19 impacts estate planning. So much has changed for Americans in the past month. Schedules of work and school have been disrupted. Parents are now balancing online meetings with managing the at-home education of their children. Some people have lost their jobs entirely. Contact between family and friends has been limited to phone calls and […]
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Is Estate Planning Essential for My Family Farm?

POSTED ON: April 8, 2020 BY: Kyle Krull
Estate planning is necessary to keep the family farm. You are a man or a woman of the earth. The land you farm or ranch may have been in your family for generations. In fact, you have always known the land will outlast you. According a recent Bangor Daily News article titled “How farmers can […]
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How Do I Maximize My Inheritance?

POSTED ON: April 7, 2020 BY: Kyle Krull
Maximize your inheritance through careful planning. People tend to treat money they have earned differently than money they have been given. Have you ever noticed that? Gifted or inherited money is often spent quickly on big-ticket items. It certainly is tempting to go on a shopping spree or get a taste of luxury. According to […]
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How Can Estate Planning Help in Uncertain Times?

POSTED ON: April 4, 2020 BY: Kyle Krull
Estate Planning is essential at all times, but especially so in times of uncertainty. People have varied reactions to COVID-19. Some deny the seriousness of the virus. Others are overcome with anxiety. Still others find peace. Perhaps you fall neatly into one of the categories. Maybe you cycle through them. Either way, it is easy […]
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How Does One Revoke a Revocable Trust?

POSTED ON: April 2, 2020 BY: Kyle Krull
A revocable trust can be dissolved. When it comes to trusts, there are two primary categories. The first is an irrevocable trust. The other is a revocable trust. The primary differences are found their names. The revocable trust is designed to be relatively easily changed or dissolved at anytime by the creator of the trust […]
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What Should Retirees Considering Marriage Do?

POSTED ON: March 31, 2020 BY: Kyle Krull
Retirees considering marriage should evaluate several factors. You are in your later years. While in retirement, you have found purpose elsewhere. You have found love. Should you tie the knot? According to a recent Kiplinger article titled “Financially, Marriage Makes a Lot of Sense for Retirees,” retirees considering marriage should weight the pros and cons. […]
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How Should I Be Planning for Nursing Home Care?

POSTED ON: March 29, 2020 BY: Kyle Krull
Planning for nursing home care should involve adequate research. Will you require nursing home care in the near future? Perhaps your parents will require this level of care. Either way, you should not make this transition blindly. According to a recent The Columbia Regional Business Report article titled “Nursing home care requires advance planning,” the […]
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Can Designating Beneficiaries Undermine My Plan?

POSTED ON: March 25, 2020 BY: Kyle Krull
Beneficiary designations can lead to problems in your estate plan. Some assets pass through beneficiary designations by their very nature, like life insurance, annuities, and retirement accounts. For this reason, this method of asset transfer is particularly important when it comes to your estate planning. If used properly in conjunction within a comprehensive estate plan, […]
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