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Category: Probate

Owning joint accounts

Should I Use Joint Accounts to Avoid Probate?

POSTED ON: November 30, 2020 BY: Kyle Krull
Joint accounts can prove helpful or problematic. Estate planning can feel daunting. If you are a private person, the public nature of probate may be particularly unappealing. Even if you have a last will and testament, not all assets should necessarily pass through your last will and testament. Some assets will be distributed to heirs […]
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estate administration

What is Involved in Estate Administration?

POSTED ON: November 10, 2020 BY: Kyle Krull
Estate administration require attention to detail. Your loved one named you as the executor or trustee through estate planning. Now, your loved one is dead. You know you need to take action. Unfortunately, you are unsure what steps you need to take. According to a recent The Record-Courier article titled “Protecting an estate requires swift […]
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pass assets to heirs

How Can You Pass Your Assets to Family?

POSTED ON: October 30, 2020 BY: Kyle Krull
Following these five tips could help you pass your assets to your family. You have worked hard your whole adult life. When it came to managing your finances, you saved for retirement, made wise investments, and did not spend beyond your means. You are now considering estate planning. You want to pass your assets to […]
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avoid probate

Is Probate Avoidance Key to Estate Planning?

POSTED ON: October 29, 2020 BY: Kyle Krull
Some individuals prioritize probate avoidance in their estate planning. Probate is a common estate planning term. Many people talk about probate as if it is something inherently evil. Perhaps this has been your experience. What you have heard may lead you to believe that probate avoidance is essential to estate planning. According to a recent […]
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probate process

What Does the Probate Process Entail?

POSTED ON: October 12, 2020 BY: Kyle Krull
The probate process requires the executor (also known as the "personal representative") to take specific steps. The loss of a loved one is difficult. In the midst of grieving, families must also settle the estate of the deceased. This process is simpler if there is a last will and testament in place. Whether there was […]
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estate protection

Can I Protect My Estate from My Ex-Spouse?

POSTED ON: September 28, 2020 BY: Kyle Krull
Your ex-spouse could inherit your estate without proper planning. You are divorced. This means you have an ex-spouse. Divorce proceedings and laws governing divorce can feel complicated and overwhelming. After the divorce is official, you likely do not want to thing about it ever again. According to recent Nj.com article titled “My brother died of COVID-19. […]
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asset distribution planning

Why Should I Plan My Asset Distribution?

POSTED ON: September 25, 2020 BY: Kyle Krull
Asset distribution can be a mess without proper estate planning. Do you own a car, home, bank account, or other property? If the answer is “yes,” you have assets and you have an estate. When you die, these assets will need to make their way to a new owner. According to a recent LimaOhio.com article […]
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agreeing to be an executor

What Should I Know Before Agreeing to be an Executor?

POSTED ON: September 15, 2020 BY: Kyle Krull
Serving as an executor requires both time and energy. You have been asked to serve as an executor (also known by the gender neutral title of "personal representative"). You are flattered. Being asked to serve as an executor for an estate is an honor. Although you feel honored, you want to understand the role before […]
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if i die intestate

What Happens If I Die Intestate?

POSTED ON: September 11, 2020 BY: Kyle Krull
Dying intestate is not ideal for distributing your inheritance. You have heard you need an estate plan. The problem is you do not want to pay for a last will and testament. I get that. Is it really bad to die intestate? According to a recent The Sun article titled “Do I Really Need A Will?,” […]
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estate planning after divorce

Should I Revise My Estate Plan After Divorce?

POSTED ON: August 21, 2020 BY: Kyle Krull
Divorce demands estate planning revisions. You have recently divorced your spouse. This process is neither simple nor pleasant. Even if things end somewhat amicably, there is still the challenge of legal paperwork to make it official. Many divorces trigger extreme emotions and relational tension. The last thing you want to do is trigger more planning […]
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