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Category: Trust Administration

What are Current Inheritance Trends?

POSTED ON: April 30, 2024 BY: Kyle Krull
Recent national surveys provide insights on how inheritance trends impactestate planning strategies.
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Trustee

How Much Responsibility Does a Trustee Have?

POSTED ON: April 23, 2024 BY: Kyle Krull
A trustee is responsible for securing and managing trust assets.
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Trusts

Can Irrevocable Trusts Provide Protections and Flexibility?

POSTED ON: April 10, 2024 BY: Kyle Krull
Flexibility in revocable or irrevocable trusts is key to addressing changes in the economy, laws, and family circumstances.
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Inheritances

Can Inheritances Be Protected from Squandering of Young Heirs?

POSTED ON: March 28, 2024 BY: Kyle Krull
With proper estate planning, it is possible to protect heirs from squandering large inheritances.
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Legacy planning

What Legacy Planning Steps Should I Take in 2024?

POSTED ON: March 21, 2024 BY: Kyle Krull
Take action early in 2024 to maximize opportunities for reaching financial and legacy planning goals.
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QTIP Trust

What Role Does a QTIP Trust Play in Estate Planning?

POSTED ON: March 6, 2024 BY: Kyle Krull
Although QTIP trusts provide both asset preservation and estate tax benefits, working with an experienced estate planning attorney is essential for ensuring this estate planning tool functions properly. 
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Family trust

Why Would Someone Use a Family Trust in Estate Planning?

POSTED ON: February 27, 2024 BY: Kyle Krull
A family trust is used to support multiple family members. Not all families are the same. I have seen more than 3,000 enter my office over the last 30 years. Some have close relational bonds. Others are affected by trauma, addiction, and broken relationships. Whatever the story, I see how my clients want to protect […]
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Adding a child to a home deed

Is Adding a Child to a Home Deed Okay?

POSTED ON: February 21, 2024 BY: Kyle Krull
Adding a child to your home deed can trigger unintended consequences. People tend to choose the easiest option at the moment. Sometimes, selecting this option is harmless, like grabbing the first shirt in your dresser drawer. Other times, it can be the best option for you, like hiring a plumber to fix the sink rather […]
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Transfer property

How Do I Transfer Property Efficiently?

POSTED ON: February 15, 2024 BY: Kyle Krull
People must transfer property to others when they die. All humans come into this world with nothing of their own. Toys, clothes, and food are provided to them by their parents or gifted by other family and friends. As individuals go through life, they may purchase a vehicle, a home, furniture, jewelry, and art. Bank […]
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Life insurance

How Can Life Insurance Work With My Estate Plan?

POSTED ON: February 8, 2024 BY: Kyle Krull
Life insurance is a versatile estate planning tool - much like a Swiss Army Knife. Estate planning requires more than a life insurance policy. A life insurance policy does not designate guardians, executors, or financial and healthcare agents. A last will and testament, trusts, and power of attorney documents are required to provide these protections. […]
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