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Effective estate plan

How Can I Set Up an Effective Estate Plan?

POSTED ON: August 6, 2021 BY: Kyle Krull
Creating an effective estate plan requires intentionality. Many people do not prioritize estate planning. If you are taking steps to create a plan, you may think whatever you do will be sufficient. Nope. This mindset could set you and your loved ones up for trouble in the future. The good news? You will be dead […]
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Charley Pride

Did Charley Pride Disinherit His Son?

POSTED ON: July 30, 2021 BY: Kyle Krull
Charley Pride left a complicated family situation. Music speaks not only to our ears but our hearts. People connect to tunes of love, anger, joy, and heartbreak. Although inner turmoil and external conflict are interesting in songs, these are not ideal in personal relationships. According to a recent 5 NBC DFW article titled “Charley Pride's […]
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Last will and testament

What Can a Last Will and Testament Prevent?

POSTED ON: July 29, 2021 BY: Kyle Krull
A last will and testament protects against a variety of negative consequences. Preventative measures are important. Many people keep umbrellas in their cars in case it rains. Applying sunscreen is common to decrease the chances of developing skin cancer. Expectant mothers often pack hospital bags in advance so they are ready to "deliver" at anytime. […]
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Farm

What Steps Can I Take Now To Protect the Farm?

POSTED ON: July 28, 2021 BY: Kyle Krull
Keeping the family farm requires estate planning. Farmers are known for their hard work, patience, and perseverance. Similar to estate planning, crops only thrive when their specific needs are taken into account. Despite this parallel, about 60 percent of farmers do not have a last will and testament. According to a recent Farm Journal’s Pork […]
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Divide assets

How Should I Divide Assets Among Heirs?

POSTED ON: July 26, 2021 BY: Kyle Krull
How you divide your estate plan impacts your loved ones. Parents who want to leave their assets to the next generation will have more decisions to make if they have more than one child. If you have one child, he or she can be a solo heir without triggering jealously. On the other hand, under […]
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There are a variety of estate planning strategies

What Are Estate Planning Strategies?

POSTED ON: July 24, 2021 BY: Kyle Krull
Successful estate planning does not just happen. The past year has been one filled with much loss. People have been let go from jobs. In fact, jobs have disappeared. The robust economy under President Trump has been crashed. Loved ones have died. According to a recent Accounting Web article titled “A Simple Guide to Estate […]
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Estate planning conversations

Why Does Estate Planning Require Conversations?

POSTED ON: July 21, 2021 BY: Kyle Krull
Estate planning can be a difficult subject to discuss with loved ones. You may be perfectly comfortable talking about death, incapacity, and estate planning. This does not mean your loved ones will feel the same way. Thinking about mortality can be uncomfortable for many. Taking stock of everything required when organizing an estate can feel […]
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Celebrities

What Estate Problems Have Celebrities Left?

POSTED ON: July 19, 2021 BY: Kyle Krull
Many celebrities have failed at estate planning. It is common for Americans to be envious of celebrities. Their talents, money, and influence can be quite appealing. Although the life of a celebrity may appear glamorous, they too have their struggles. According to a recent Forbes article titled “Lessons to be Learned From Failed Celebrity Estates,” […]
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Purpose of probate

Does Anyone Understand Probate?

POSTED ON: July 15, 2021 BY: Kyle Krull
Most Americans do not understand probate. Isn't there anyone who knows what probate is all about?!! This question is reminiscent of Charlie Brown's desperate cry of frustration in "A Charlie Brown Christmas," albeit in a different context. I digress. You have likely heard of probate. Perhaps it has been in the context of a loved […]
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Bank account

Should I Jointly Own my Bank Account?

POSTED ON: July 14, 2021 BY: Kyle Krull
Adding people to a bank account gives them access to the funds. There are times when someone may need to access your bank account to manage your finances. If you are incapacitated, you are unable to accomplish certain tasks on your own. It may be tempting to simply add someone as an owner of the […]
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