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Creditors

Can Trusts Protect Your Inheritance for Heirs from Creditors?

POSTED ON: November 12, 2024 BY: Kyle Krull
It is possible to protect your wealth from creditors seeking payments for debts and lawsuits.
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Addiction

Can I Leave an Inheritance to a Child with Addiction Struggles?

POSTED ON: November 5, 2024 BY: Kyle Krull
You can leave an inheritance to promote a healthier future for your child by creating a trust to support addiction recovery while safeguarding the inheritance.
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Inheritance

How Do I Leave an Inheritance to My Child but Not Their Spouse?

POSTED ON: October 24, 2024 BY: Kyle Krull
Trusts, prenuptial agreements, and postnuptial agreements can protect an inheritance from divorce or spendthrift spouses.
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Fiduciary

What Is a Fiduciary?

POSTED ON: October 23, 2024 BY: Kyle Krull
When a person accepts the role of a fiduciary, this individual must protect the assets and interests of those who they were designated to serve.
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Revocable trust

How Can I Avoid Probate with a Revocable Trust?

POSTED ON: October 3, 2024 BY: Kyle Krull
Assets held by a revocable trust can bypass probate and be distributed directly to heirs.
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taxes

How Can Estate Planning Improve Taxes for Heirs?

POSTED ON: September 24, 2024 BY: Kyle Krull
People should do more than select heirs in their estate planning. They should also take steps to reduce the taxes to their estate.
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quitclaim deed

How Can a DIY Quitclaim Deed be Problematic?

POSTED ON: September 19, 2024 BY: Kyle Krull
Using a quitclaim deed or other DIY deed to transfer property to heirs can lead to greater problems than the ones this method is trying to solve.
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Preparing children for inheritance

Are Your Adult Children Prepared for an Inheritance?

POSTED ON: September 18, 2024 BY: Kyle Krull
Having conversations about financial management and reasoning behind inheritance decisions can prepare your children to manage this gift well.
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Values

How To Share Family Values in Your Estate Plan

POSTED ON: September 10, 2024 BY: Kyle Krull
Trusts are particularly suitable tools for encouraging the preservation of family values through estate planning.
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Contingent beneficiaries

How are Primary and Contingent Beneficiaries Different?

POSTED ON: September 3, 2024 BY: Kyle Krull
If the primary beneficiary cannot receive the assets from the estate, contingent beneficiaries serve as a safety net.
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