Kansas and Missouri Estate Planning Blog

Eat healthy foods

Does What I Eat Impact My Sleep?

POSTED ON: November 18, 2021 BY: Kyle Krull
The food you eat can impact how you sleep. Everything feels worse when you are tired. It is hard to concentrate. Patience is in short supply. All you want to do is sleep and sleep well. According to a recent AARP article titled “Superfoods to Help You Sleep” better sleep may start with what and […]
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Pass wealth

How Should I Pass Wealth to My Heirs?

POSTED ON: November 11, 2021 BY: Kyle Krull
One can pass wealth to heirs using a variety of options. Whether you have been working for decades or years, you likely have accumulated assets. While you are alive, you use these to keep you fed, clothed, sheltered, and safe. After you have died, these assets no longer benefit you. According to a recent AARP […]
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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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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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Gray Divorce

What are Complications of Divorcing in Retirement?

POSTED ON: November 1, 2021 BY: Kyle Krull
Divorcing when in retirement can be quite messy. Divorce is complicated at any stage of life. Young families have to navigate co-parenting and support. Often for the sake of the children, people choose to divorce later in life. When people are divorcing in their 60s or 70s, this is often referred to as “gray” or […]
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Inflation

Will Inflation Jeopardize my Retirement Income?

POSTED ON: October 26, 2021 BY: Kyle Krull
Inflation can threaten retirement if no action is taken. The health of the economy impacts people all across the United States. It influences job security, standard of living, and retirement planning. In the past year, the consumer price index rose by 5.4 percent. According to a recent Kiplinger article titled “How Big of a Threat […]
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Inherited IRA instructions

What Should I Not Do with an Inherited IRA?

POSTED ON: October 13, 2021 BY: Kyle Krull
An inherited IRA is more complicated for heirs who are not a surviving spouse. An IRA is an important source of income in retirement. For this reason, they are often significant assets in estate planning. With the recent passage of the SECURE Act, how IRAs are passed to heirs has become more complicated. No surprise […]
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Life insurance with adult children

Should I Keep Life Insurance With Adult Children?

POSTED ON: September 29, 2021 BY: Kyle Krull
Life insurance can be useful in a variety of circumstances. Many people purchase life insurance policies when they have young families. They want to provide income for their spouse and children if they were to die. After all, life insurance is the only financial product that can create an "instant estate" before you have time […]
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Brain health

Is It Possible for My Brain to Improve with Age?

POSTED ON: September 28, 2021 BY: Kyle Krull
Aging has some benefits for your brain. When you think of aging, you likely envision declining health and bodily functioning. Maybe you think of broken hips, sore joints, and weakening vision. Although general health for many people declines with age, there are some areas where you may find improved functioning. No, really. According to a […]
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Inherited IRA

What are Limitations of an Inherited IRA?

POSTED ON: September 22, 2021 BY: Kyle Krull
An inherited IRA requires special attention. Your parents or your spouse were hard workers. They were also good savers. During their careers, they allocated money each year to their retirement savings. Upon their deaths, you inherited the IRA. According to a a recent Kiplinger article titled “I Inherited an IRA. Now What?,” your relationship to […]
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