Kansas and Missouri Estate Planning Blog

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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Estate planning attorney

Why Should I Work with an Estate Planning Attorney?

POSTED ON: January 13, 2022 BY: Kyle Krull
Working with an experienced estate planning attorney is essential. Many things can be done on your own. You can cut down on takeout costs by making copycat recipes at home. Likewise, handmade gifts are often more meaningful and less expensive. According to a recent Pennsylvania News Today article titled “Top 7 Reasons You Need An […]
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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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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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Divorce

What Estate Plan Changes Do Divorce Necessitate?

POSTED ON: November 17, 2021 BY: Kyle Krull
Estate plans need to be updated after a divorce. Rarely do you hear of people getting married with the expectation of divorce in their future. In general, couples enter marriage believing they will be together forever. They build their lives anticipating long-term goals. Many couples include estate planning in these long-term plans. According to a […]
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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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Key elements of estate planning

What are Key Elements of Estate Planning?

POSTED ON: October 7, 2021 BY: Kyle Krull
There are key elements common to estate planning success. Preparing an estate plan is no small task. It requires action, knowledge, and attention to detail. When people underestimate the important of estate planning, they can cause problems for themselves and their loved ones. According to a recent Bankrate article titled “Estate planning checklist: 3 key […]
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Pot trust for minor children

What Does a Pot Trust Accomplish?

POSTED ON: September 30, 2021 BY: Kyle Krull
A pot trust can provide flexibility in estate planning. You know you need an estate plan. The problem you face is knowing what you should include in your estate plan. Should you use a will-based plan or a revocable living trust-based plan? According to a recent Wealth Advisor article titled “How Does a Pot Trust […]
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Protect inheritance

What Steps Can I Take to Protect Assets for Family?

POSTED ON: September 27, 2021 BY: Kyle Krull
It may be necessary to protect inheritances from in-laws and addictions. It is not uncommon for adult children to make poor decisions. Sometimes this means they will choose undesirable spouses. For others, it may involve the development of a substance or behavior addiction. Whatever the issue, an outright inheritance may be unwise. After all, you […]
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