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Category: Estate Planning

What Exactly is the Probate Process?

POSTED ON: February 28, 2020 BY: Kyle Krull
Probate is often misunderstood. What do you think when you hear the word “probate”? Do you think of inconvenient bureaucracy? Do you imagine family drama? According to a recent The Million Acres article titled “Probate Explained: What Is Probate, and How Does It Work?,” probate often has a bad reputation. In reality, this legal process […]
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Am I Responsible for Unpaid Debts of a Deceased Loved One?

POSTED ON: February 27, 2020 BY: Kyle Krull
Unpaid debts may haunt you. No one likes unpaid debts. They can feel suffocating. The grief of losing a loved one is even worse. According to a recent nj.com article titled “Is mom liable for my dead father’s credit card debt?,” no one wants to combine the two. If you recently lost a loved one, […]
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Is Leaving Money to Charity an Option?

POSTED ON: February 26, 2020 BY: Kyle Krull
Leaving money to charity can bless others for a long time. Recently, a Rock Island, Illinois resident passed away. At the age of 93, Rosemary Woodard was not famous. In fact, she lived a life serving others as a nurse. She also lived a life of charity and generosity when it came to her community. […]
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What are Functions of a Power of Attorney?

POSTED ON: February 25, 2020 BY: Kyle Krull
A Power of Attorney is essential to getting your affairs in order. Pondering one's potential "incapacity" is not pleasant. It is not a pleasant reality either. Incapacity is even more unpleasant if you are not prepared for it. According a recent Recently Heard article titled “6 Reasons to Choose a Power of Attorney,” a power […]
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How Can I Protect Against Financial Infidelity?

POSTED ON: February 24, 2020 BY: Kyle Krull
Financial infidelity is one type of marital unfaithfulness. You are married. Perhaps you have been married for a long time. Maybe your marriage is relatively new. You were financially secure, but you did not enjoy managing your financial affairs. Instead, you let your spouse manage the money. According to a recent The Mercury article titled […]
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Should I Buy a Vacation Home in Retirement?

POSTED ON: February 21, 2020 BY: Kyle Krull
A vacation home can have drawbacks. You and your family like to get away. Buying a vacation home seemed like a great idea. Your children could inherit it. You may even be able to rent it out together. According to a recent Barron’s article titled “What Retirees Should Know Before Buying a Vacation Home,” a […]
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How Do I Fix Estate Planning Issues?

POSTED ON: February 19, 2020 BY: Kyle Krull
Fix estate planning issues with the help of an experienced estate planning attorney. You created an estate plan. Maybe you did so by yourself. Perhaps you utilized the services of an "inexperienced" attorney. Whatever the reason, you noticed some problems. According to a recent The Wilmington Business Journal article titled “Repairing Estate Planning Mistakes: There […]
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Can I Prevent Limited Mobility in Aging?

POSTED ON: February 18, 2020 BY: Kyle Krull
Limited mobility can pose new challenges for aging adults. As people age, their bodies weaken. This increases the risk of falls. Injuries from falls limit mobility. Are there ways to help protect loved ones or yourself from these negative outcomes? According to a recent AARP article titled “Mobility Problems: What to Do When a Loved […]
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Can a Strong Stock Market Impact My Estate Plan?

POSTED ON: February 17, 2020 BY: Kyle Krull
Yes, Virginia, stock market performance can impact your estate planning. You have money in the stock market. Perhaps this is limited to your retirement income. Maybe you have included savings plan with after-tax investments for long-term goals outside of retirement. Either way, how the stock market performs is important. According to a recent Wealth Advisor […]
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How Can Long-Term Care Insurance Help Me?

POSTED ON: February 14, 2020 BY: Kyle Krull
Long-term care insurance helps cover costs. You are getting older. Your children are adults with their own families. Now they are the "sandwich generation"! Perhaps they have moved away because of their careers. Either way, you cannot think of one who would be able to provide full-time caregiving should you eventually require it. According to […]
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