Kansas and Missouri Estate Planning Blog

Real estate in a living trust

How Should I Transfer My Home to My Living Trust?

POSTED ON: February 15, 2022 BY: Kyle Krull
A living trust can be good for your home and other assets. The last will and testament is the most commonly recognized estate planning document. It is certainly important to have a last will and testament for nominating guardians and distributing assets through probate. Some people find this document sufficient to meet their estate planning […]
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Why Should I Write a Letter of Intent?

POSTED ON: February 14, 2022 BY: Kyle Krull
A letter of intent allows parents to communicate wishes for their children. Becoming a parent means your life is filled with more joy and love than you could have ever imagined possible. Being a parent also brings greater responsibility and more worries. By the way, you never stop being a parent once you become one. […]
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Eating fish

Does Consuming Fish Benefit the Brain?

POSTED ON: February 10, 2022 BY: Kyle Krull
Eating fish can have multiple health benefits. The season of Lent will soon be upon us. Around this time of year, many Catholics adjust their diets to consume fish rather than meat from land animals. As a result, you may find many local parishes holding “fish fries” on Friday between Ash Wednesday and Easter. For […]
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Eyes

Are My Habits Harmful to My Eyes?

POSTED ON: February 8, 2022 BY: Kyle Krull
Certain habits can harm your eyes. Both poets and scientists have been fascinated with the eye for thousands of years. These organs allow people to see the faces of their loved ones, enjoy sunsets, and read books to enrich their knowledge. Although most people rely heavily on their sight, they often neglect the very organs […]
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Password protection

Can Password Protection Complicate Estate Planning?

POSTED ON: February 7, 2022 BY: Kyle Krull
Password protection can cause complications for heirs and executors. I am constantly amazed by the changes in technology. I grew up when phones used to be wired to a wall (no, i am not kidding) and now they are essentially personal computers you can take anywhere. Also, people can now pay others by transferring money […]
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Pet trust

Will My Pets Benefit from a Pet Trust?

POSTED ON: January 31, 2022 BY: Kyle Krull
A pet trust provides protection for pets after the death of their owner. Adopting pets was popular in 2020. Some people were home alone and wanted company. Others thought it was a good time to teach their children responsibility. Whatever the reason, many pets found their way into homes and hearts. According to a recent […]
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Wealth transfer

What Is Involved in Efficient Wealth Transfer?

POSTED ON: January 28, 2022 BY: Kyle Krull
Wealth transfer can be complicated by a number of factors. Not everyone has a job earning them large sums of money each year. This does not necessarily mean they will have fewer assets to transfer. Rather, many build their wealth through wise money management over the course of their careers. Think Dave Ramsey. According to […]
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Family business succession

How Does One Gracefully Exit the Family Business?

POSTED ON: January 25, 2022 BY: Kyle Krull
Owning a family business requires thoughtful succession planning. Family businesses come in all shapes and sizes. Some offer goods. Others offer services. According to a recent The Tampa Bay Business Journal article titled “Selling a family business: Plan to maximize value and preserve wealth,” estate planning and succession planning are essential to any of these […]
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Dementia symptoms

What Are Early Symptoms of Dementia?

POSTED ON: January 24, 2022 BY: Kyle Krull
Certain symptoms of dementia present prior to memory loss. Losing a loved ones is a heartbreaking experience. Death is an unpleasant reality of being human. Although death is a universal experience, some lose their loved ones earlier through the memory loss and personality changes associated with dementia or Alzheimer’s. According to a recent The (UK) […]
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Corporate trustee

When Would It Be Wise to Use a Corporate Trustee?

POSTED ON: January 19, 2022 BY: Kyle Krull
A corporate trustee can benefit the management of a trust. Some tasks can be easily delegated to family and friends. Need groceries from the store? Send your child who can drive. Need plumbing in your bathroom fixed? Perhaps you should evaluate whether anyone has the appropriate skills. According to a recent The Quad Cities Times […]
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