Kansas and Missouri Estate Planning Blog

College freshman

What Planning Does a College Freshman Need?

POSTED ON: August 15, 2022 BY: Kyle Krull
A power of attorney is essential for any college freshman. Fall is quickly approaching and school is starting back up here in Kansas and Missouri. While elementary school kiddos have been shopping for pencils, paper, and markers to prepare for school, college students have been buying textbooks and purchasing bedding for their dorms. Although physical […]
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Digital lives

Do Digital Lives Demand Estate Planning?

POSTED ON: August 11, 2022 BY: Kyle Krull
Digital lives require estate planning. When people do not prepare for their possible incapacity or eventual deaths, they can leave their loved ones faced with significant challenges. Considered a recent cautionary tale involving a man named John Ajemian. At the age of 43, he died in a bicycle accident. John had no last will and […]
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Irrevocable trust

Does an Irrevocable Trust Avoid all Taxes?

POSTED ON: August 1, 2022 BY: Kyle Krull
An irrevocable trust may not be able to escape the capital gains tax. Minimizing taxes is a common estate planning goal. Most people would prefer their assets benefit loved ones or a special charity than the government. Those who work with an experienced estate planning attorney have better chances than others to accomplish this goal. […]
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Single seniors

How Can Single Seniors Prepare for Incapacity?

POSTED ON: July 13, 2022 BY: Kyle Krull
Single seniors should not ignore estate planning. There are many things in life people do not enjoy doing. Often these tasks are easier to tackle with a support system. They are also easier to remember when people remind you they need to be done. This can apply to relatively simple tasks like making dinner. According […]
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Storing estate planning documents

Where Should I Be Storing my Estate Plan?

POSTED ON: July 5, 2022 BY: Kyle Krull
Storing estate planning documents requires thoughtful attention. You have created an estate plan. This is good. You have done more than many of your peers. Okay, feel free to pat yourself on the back. But wait, not so fast. According to a recent The News-Enterprise article titled “Give thought to storing your estate papers,” this […]
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Crypto

How Should Crypto Be Addressed in Estate Planning?

POSTED ON: June 29, 2022 BY: Kyle Krull
Crypto and non-fungible tokens (NFTs) are popular digital assets. The digital realm is continuing to grow in scope and importance. Although some people prefer to have physical assets, most have embraced the digital world to some degree. Some people limit their interactions to email or photo storage. Others have expanded their involvement to trading digital […]
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Guns

What Makes Estate Planning for Guns Complicated?

POSTED ON: June 28, 2022 BY: Kyle Krull
Transferring guns through estate planning requires unique planning. People tend to have strong feelings about their firearms. Some people appreciate them for their usefulness in hunting and protection. Other people fear them and want them to be completely illegal. According to a recent The National Law Review article titled “In the Crosshairs: Guns in Estate […]
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Surviving spouse

How Will My Death Affect the Finances of My Spouse?

POSTED ON: June 16, 2022 BY: Kyle Krull
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
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Items

Can Items Be Removed from a Home during Probate?

POSTED ON: June 9, 2022 BY: Kyle Krull
People often leave behind a house filled with items when they die. People often live as if they can take their things with them when they die. They are sorely mistaken. All people leave behind their belongings when they die. Each of them and each of their things. Trust me on this. According to a […]
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Power of attorney

Do State Laws Governing a Power of Attorney Differ?

POSTED ON: May 27, 2022 BY: Kyle Krull
Power of attorney laws may not look the same in each state. Accidents happen all the time. Sometimes, they are small and only a minor inconvenience. At other times, accidents and illness can lead to short-term or long-term incapacity. According to a recent limaohio.com article titled “When ‘anything and everything’ does not mean anything and […]
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