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Category: Estate Planning

What Financial Planning Should I Prioritize this Year?

POSTED ON: January 29, 2020 BY: Kyle Krull
Financial planning should be a priority in 2020. Money is an important part of daily life. You need to for food, bills, and other expenses. As we say around the Krull household: "A dollar bill passes between many hands every day." It is also important for future expenses. A recent Investor Business Daily article “Your […]
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What Are the Most Common Estate Planning Mistakes?

POSTED ON: January 28, 2020 BY: Kyle Krull
Estate planning mistakes are easy to make. Many people think estate planning is simple. You just write out who you want to get your stuff. Seems easy. Right? According to a recent Comstock Magazine article titled “Five Mistakes to Avoid When Planning Your Estate,” estate planning is more complicated than many may realize. When people […]
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How Do I Prepare for the Death of a Spouse?

POSTED ON: January 27, 2020 BY: Kyle Krull
The death of a spouse is tragic event. When you get married you imagine a “happily ever after” story. You think about rearing a family together and growing old together. No one imagines losing his or her spouse. According to a recent Next Avenue article titled “Preparing for the Unexpected Death of a Spouse,” an […]
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Why Do Unmarried Couples Need Estate Planning?

POSTED ON: January 24, 2020 BY: Kyle Krull
Unmarried couples need to prioritize estate planning. You have found someone you love. You have moved in together. Neither of you wants to get married. And it seems this practice is becoming more common. From 2007 to 2016, the number of cohabiting couples increased from 14 million to 18 million. According to a recent CNBC […]
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Celebrities Make Estate Planning Mistakes?

POSTED ON: January 21, 2020 BY: Kyle Krull
Yes, Virginia, even celebrities can make huge estate planning mistakes. America is a celebrity culture. Some people want to be famous. Others simply have a favorite celebrity. Many people attempt to emulate these public figures. According to a recent Florida Today articles titled “Lessons in estate planning from the rich and famous,” following the example […]
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What Should I Know about Reverse Mortgages?

POSTED ON: January 17, 2020 BY: Kyle Krull
Reverse mortgages can be complicated. As as senior, you needed money. You did not qualify for a home equity line of credit or a reverse mortgage. You turned to a reverse mortgage to satisfy this need. According to a recent nj.com article titled “Can we undo a reverse mortgage to keep the home?,” many people […]
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What Paperwork Should I Keep This Year?

POSTED ON: January 16, 2020 BY: Kyle Krull
Paperwork has a time limit. Or does it? With the beginning of each new year, we look around and wonder what to do with it. For many people, this is a good time to declutter their paperwork. We all have files. These could be purchase receipts, tax documents, or official correspondences. According to a recent […]
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What Are Health Care Directives?

POSTED ON: January 15, 2020 BY: Kyle Krull
Advance health care directives are important for all adult Americans. People do not stay healthy forever. Bodies either wear out over time or get beat down through injury or illness. When this happens, people may not be able to express their own medical decisions. According to a recent Forbes article titled “Two-Thirds of All Americans […]
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What Do Estate Planning Attorneys Do?

POSTED ON: January 14, 2020 BY: Kyle Krull
Estate planning attorneys help people get their affairs in order. Close your eyes and try to picture an attorney in your mind's eye. Who do you see? Likely it is a trial lawyer from a televisions show or movie. When it comes to estate planning attorneys, most people have no frame of reference. In fact, […]
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What Responsibilities do Fiduciaries Have?

POSTED ON: January 7, 2020 BY: Kyle Krull
Fiduciaries have a number of legal responsibilities. Serving as a fiduciary is an honor. A fiduciary is often selected to administer an estate or trust. He or she may also be responsible for managing the lifetime finances of another individual as an attorney in fact under general durable power of attorney. According to a recent […]
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