Kansas and Missouri Estate Planning Blog

Category: Trust Administration

Minor children

How Should Minor Children Inherit?

POSTED ON: October 26, 2022 BY: Kyle Krull
Minor children are a vulnerable population. Children need trustworthy and caring adults in their lives. Even adolescents who just want to be independent rely on others for food, safety, shelter, love, and guidance. Often these "others" are the parents of the children, but not always. According to a recent The News-Enterprise article titled “Children need […]
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Probate court

What is Involved in Probate?

POSTED ON: October 19, 2022 BY: Kyle Krull
Neither the probate court nor the probate process itself need be frightening. It is normal for people to have fears. Fear can be healthy and protective. It encourages people to be cautious and careful. One common fear is becoming entangled with the probate court and its process. According to a recent Investopedia article titled “What […]
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Estate Plan

Is an Estate Plan Really Necessary?

POSTED ON: October 13, 2022 BY: Kyle Krull
Nope. Just kidding. A comprehensive estate plan protects assets and loved ones. A lot of people really like to have control. It helps them to feel more secure. That likely includes you, yes? Although you cannot always control what happens to you, you can prepare for what is outside of your control. According to a […]
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NFL

Are NFL Teams Automatically Inherited?

POSTED ON: October 3, 2022 BY: Kyle Krull
Estate planning for NFL teams is no small matter. Passing along assets to the next generation requires thoughtfulness for anyone. It involves even more planning when a business is one of these assets. Business succession planning and estate planning certainly must be "tackled" together, especially when the business is a professional football team (pun intended). […]
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Pot trust

How Can a Pot Trust Help My Children?

POSTED ON: September 27, 2022 BY: Kyle Krull
A pot trust can be helpful for families with multiple children. Parenting is challenging. Navigating how to care for each child as an individual, while also supporting the family unit, is no small task. It can be hard to know what each child will need in the future and how choices today will impact them […]
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Long-term care

How Can I Pay High Long-Term Care Costs?

POSTED ON: September 9, 2022 BY: Kyle Krull
The cost of long-term care is not going down. People are not all powerful. They cannot stop the steady march of time. Even making healthy decisions does not stop the aging process. As people get older, they require more assistance as their bodies begin to fail. According to a recent The Indiana Lawyer article titled […]
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Naomi Judd

Did Naomi Judd Disinherit her Daughters?

POSTED ON: September 8, 2022 BY: Kyle Krull
Naomi Judd left both wealth and heartache in her death. Success does not mean happiness. Many people who have achieved fame and wealth have died by their own hands. Naomi Judd joined these ranks in April. According to a recent yahoo! Entertainment article titled “Why Naomi Judd may have cut Ashley Judd and Wynona Judd […]
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Helen McCrory

Who Inherited from Actress Helen McCrory?

POSTED ON: August 31, 2022 BY: Kyle Krull
Helen McCrory left her estate to loved ones. Some public figures choose to share every aspect of their lives with others. Other celebrities prefer to keep some or most of their personal lives private. Like Chadwick Boseman, Helen McCrory kept her illness secret. According to a recent SK Pop article titled “What was Helen McCrory’s […]
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Titling assets

What Should I Know about Titling Assets?

POSTED ON: August 25, 2022 BY: Kyle Krull
Titling assets is a key aspect of estate planning. Titling on documents is a lot like labeling. Parents label lunchboxes, clothing, and other items to remind them and others of the ownership of each item. Essentially, titling assets serves to legally label such assets with then identity of their owner. According to a recent FedWeek […]
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Testamentary trust

Why Would I Use a Testamentary Trust?

POSTED ON: August 10, 2022 BY: Kyle Krull
A testamentary trust can give people more control from the grave. No, really. Those leaving inheritances can often feel torn. They know the assets they leave to loved ones could provide support in times of need. They also know their heirs may not be ready to make wise financial decisions when they inherit. A significant […]
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