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Apartment co-op

How Complicated is Inheriting a Co-op?

POSTED ON: January 24, 2023 BY: Kyle Krull
Leaving a co-op apartment as an inheritance may prove difficult. In Kansas City, there are some rather tony co-ops in an area generally known as the Country Club Plaza. These various co-ops are home to professional athletes, local celebrities, and many retirees. By the way, their view of the Country Club Plaza Lights is something […]
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Chicago man

How Did a Chicago Man have 119 Heirs?

POSTED ON: January 20, 2023 BY: Kyle Krull
A Chicago man left a large estate to extended family by default. Some people are unassuming millionaires. By looking at them on the street, they are indistinguishable from the average person. Upon their death, others are often surprised to find these individuals amassed significant wealth. According to recent Block Club Chicago article titled “A Chicago […]
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Store estate planning documents

Where Should I Store My Estate Plan?

POSTED ON: January 13, 2023 BY: Kyle Krull
People should store their legal documents in a secure place. Not everyone secures their valuables. Some people stash cash in their sock or underwear drawers. Others keep their important papers like social security cards and birth certificates on a shelf. Although these may work for a time, they also leave your money and important information […]
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Sibling inheritance

Will My Children Argue Over Their Inheritance?

POSTED ON: December 29, 2022 BY: Kyle Krull
Sometimes sibling rivalries extend to their inheritance. Siblings do not always get along. It is normal to bicker and argue while growing up. Most parents hope their children will grow out of such childish behavior and do their best to facilitate love and cooperation. According to a recent yahoo! article titled “Can a Sibling Take […]
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Widow

Who Can a Widow Look to For Help?

POSTED ON: December 28, 2022 BY: Kyle Krull
A new widow may require help from experts. Losing a spouse is never easy. It is heartbreaking to no longer have your best friend and partner. This is true whether you have been married months or decades. The death of a spouse means loss of present and future love and companionship. According to a recent […]
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Trust

Should I Choose a Will or a Trust?

POSTED ON: December 16, 2022 BY: Kyle Krull
Yes! A last will and testament and a revocable living trust are both effective estate planning tools. Estate planning does not look the same for everybody. The lives of singles look vastly different than those of married couples. It only makes sense their estate plans would also look different. According to a recent The News-Enterprise […]
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Will contest

Can You Counter a Will Contest?

POSTED ON: December 8, 2022 BY: Kyle Krull
Some people cannot avoid a will contest despite their best efforts. Estate battles of the rich and famous are often in the news. Small mistakes in ones estate planning can put thousands or millions of dollars in assets at risk. For example, John Lennon failed to name is first son in his last will. The […]
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Social Security

When is a Child Denied Social Security Benefits?

POSTED ON: November 7, 2022 BY: Kyle Krull
Social Security benefits may not be guaranteed to those conceived through in vitro after death. Many couples have fertility trouble. When getting pregnant naturally is not an option, many seek other avenues. Some choose adoption. Others commonly choose in vitro fertilization. According to a recent The Free Press article titled “Courts Ponder Benefits In Florida […]
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Agents

How Do I Choose My Executor or Agents?

POSTED ON: November 4, 2022 BY: Kyle Krull
Choosing agents requires careful consideration. Very considered consideration. Successful estate planning, including incapacity planning, does not rely on the validity of the signed documents alone. Although the preparation and execution of the documents is essential, the content is equally important. The right fiduciaries and agents must be clearly appointed. According to a recent Nasdaq article […]
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Steps

What Steps are Key to Estate Planning?

POSTED ON: October 28, 2022 BY: Kyle Krull
Taking steps to create a successful estate plan will pay off. Many people enjoy knowing exactly what they need to do before taking the required steps to accomplish something. In many cases, it is comforting to know what is expected. Without clear directions, the fear of doing something wrong paralyzes them. I know I feel […]
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