Kansas and Missouri Estate Planning Blog

College students

Will I Be Able to Help My College Student in Crisis?

POSTED ON: November 29, 2021 BY: Kyle Krull
College students often neglect estate planning. Life is full of transitions. One important time of transition is that from adolescence to adulthood. Corresponding with this transition, young people either move directly to a career or into further education. Regardless the path they take, estate planning if often overlooked. According to a recent Wealth Advisor article […]
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Ginger

Will My Health Benefit from Consuming Ginger?

POSTED ON: November 24, 2021 BY: Kyle Krull
Ginger has many health benefits. And I am not referring to the age old question: "Ginger or Mary Ann"? People have used different herbs and spices as home remedies for thousands of years. Some solutions, like the use of garlic to ward off vampires, are purely fictionally. The benefits for other plants are well-documented. According […]
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Living trust

When Would a Living Trust Be Beneficial?

POSTED ON: November 23, 2021 BY: Kyle Krull
A revocable living trust can protect assets for you and your loved ones. Selecting the right tool for a task is critical. Although one could eat chili with a fork, a spoon is superior. Both deliver food to the mouth, but one would be more efficient given the circumstances. Similarly, estate planning documents should be […]
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Aspirin

Why Is Aspirin Not Recommended for All?

POSTED ON: November 22, 2021 BY: Kyle Krull
Aspirin may be overused as a preventative measure for heart attack and stroke. Although the risk of heart attack and stroke is greater for older individuals, they can strike at any time. For those with family histories of these health problems, the fear of suffering from one of these is high. In the past, taking […]
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Estate plan

What is the Purpose of Creating an Estate Plan?

POSTED ON: November 12, 2021 BY: Kyle Krull
Having an estate plan is foundational to protecting loved ones and assets. People are planners. We plan our routes when driving. We prepare for meetings at work. We develop five- and ten-year plans. According to a recent Digital Journal article titled “What is an Estate Plan and What are its Benefits?,” many people, unfortunately, neglect […]
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Celebrities

What Can I Learn from the Estates of Celebrities?

POSTED ON: November 10, 2021 BY: Kyle Krull
Celebrities often make headlines for a variety of reasons. However, when they make the news after they have died, that is when we learn of their estate planning mistakes. Most people live their lives in relative anonymity. They go to work, pay their bills, and care for their families with no fanfare. They are remembered […]
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Bank Account Access

Should I Provide Bank Account Access to My Children?

POSTED ON: November 5, 2021 BY: Kyle Krull
Giving bank account access should be carefully considered prior to taking action. As children become adults, they get to know their parents in new ways. Although parents will always be parents and children will always be children, the relationship begins to resemble more of a peer relationship at the functional level. Parental advice becomes less […]
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Flu

Can I Decrease My Chances of Flu Complications?

POSTED ON: November 4, 2021 BY: Kyle Krull
Action can be taken to minimize the effects of the flu. Being sick is no fun as an adult. It involves sick days, getting behind on work, and often family chaos as children and spouse attempt to adjust to a temporarily out-of-commission family member. Even if the member is a child, plans are upended as […]
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Trust or will

Should I Choose a Will or a Trust?

POSTED ON: November 3, 2021 BY: Kyle Krull
Some individuals could get away with having either a trust or a will. Estate planning involves making decisions. You will need to choose who makes decisions if you become incapacitated. It also will be important to select heirs and perhaps protect their inheritance "for" or "from" them as needed. According to a recent MSN recent […]
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Aging Parent Finances

How Do I Talk with My Parents about Finances?

POSTED ON: November 2, 2021 BY: Kyle Krull
Conversations with aging parents about their finances can benefit their estate planning. Young children often know little about their parents. This is partly because children are interested in few things but themselves. It also can stem from a family rule about certain topics being off limits. Finances is often one such topic. According to a […]
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