Kansas and Missouri Estate Planning Blog

Business owners

What Planning is Specific to Business Owners?

POSTED ON: January 14, 2022 BY: Kyle Krull
Business owners should tie estate planning to succession planning. Owning and running a business is no small feat. If it were, more people would have their own businesses. Those who start a business must address all aspects including mission, finances, and staffing. According to a recent Index Fund Advisors article titled “How to Avoid a […]
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Last will and testament

Why Have a Last Will and Testament in Place?

POSTED ON: January 12, 2022 BY: Kyle Krull
A last will and testament is valuable to estate planning. Journalism is known for the tagline “If it bleeds, it leads.” Headlines are crafted to attract attention. Since 2020, COVID-19 has become one of the most common topics of news headlines in the United States and around the world. Although COVID-19 has negatively impacted the […]
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Durable power of attorney

Why Should I Have a Durable Power of Attorney?

POSTED ON: January 11, 2022 BY: Kyle Krull
A general durable power of attorney is essential when it comes to incapacity planning. Accidents occur unexpectedly and can happen to anyone. There is no discrimination on age, gender, or socioeconomic status. These events range from minor or catastrophic. According to a recent Fed Week article titled “Considerations for Providing a Power of Attorney,” preparing for […]
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Passwords

Should My Executor Have My Account Passwords?

POSTED ON: January 10, 2022 BY: Kyle Krull
Passwords can be a pain for heirs without appropriate planning. Digital assets are a significant part of our modern lives. Almost all digital assets require credentials for access. A login is often required too gain access to your local computer, let alone online accounts and mobile apps. According to a recent Barron article titled “How […]
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Tidy estate plan

How Can I Make My Estate Plan Tidy?

POSTED ON: December 31, 2021 BY: Kyle Krull
Keeping your estate plan tidy will benefit your family. Most people do not enjoy cleaning their home. Despite this fact, it is less work to keep things tidy than to deep clean after an extended period of neglect. The same could be said of estate planning. According to a recent Chicago Business Journal article titled […]
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Health care power of attorney

Why Is a Health Care Power of Attorney Essential?

POSTED ON: December 30, 2021 BY: Kyle Krull
Aging adults should have a health care power of attorney. It does not hurt to be prepared. Businesses and schools run fire and tornado drills so employees and students know what to do in case of an emergency. Although it can feel silly or inconvenient at the time, being prepared can save lives and lower […]
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Pay for long-term care

How Does One Pay for Long-Term Care?

POSTED ON: December 29, 2021 BY: Kyle Krull
Navigating how to pay for long-term care is important financial planning. If you search our blog posts over the years (more than 3,000 of them), then you will find that I cover the subject of long-term care. A lot. Life tends to have a distinct arc. Babies come into the world completely dependent on others. […]
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Blood clots

How Can I Monitor for Blood Clots?

POSTED ON: December 28, 2021 BY: Kyle Krull
Blood clots can cause significant health problems or death. The human body is truly incredible. Multiple systems like the cardiovascular system and digestive system together allow people to live. Because each part of the body is dependent on the others, problems within one system can lead to major health issues. According to a recent AARP […]
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Estate planning for house

What are Options for Gifting a House?

POSTED ON: December 27, 2021 BY: Kyle Krull
Passing a house to heirs can be complicated whether it is a vacation home or a primary residence. For many homeowners, their personal residence is one of their most significant assets. In addition to its monetary value, the family home or vacation home also holds memories. There may be a lot of laughter in the […]
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Estate planning priority

Why Should an Estate Plan be a Priority?

POSTED ON: December 23, 2021 BY: Kyle Krull
Creating an estate plan should be treated as a priority. What people value can be see in what they actually prioritize. Students can say their education is important to them but spend little time studying. Athletes who do not practice demonstrate they do not want to improve or win. According to a recent The Street […]
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