Kansas and Missouri Estate Planning Blog

When are Beneficiaries of a Will Notified?

POSTED ON: June 4, 2020 BY: Kyle Krull
Beneficiaries of a last will and testament must be notified. Your loved one has recently passed away. You think he signed a last will prior to death. You think you might be a beneficiary. You do not know whether such last will actually exists and, if it does, its contents. Will you be notified? According […]
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What are Common Estate Administration Challenges?

POSTED ON: June 2, 2020 BY: Kyle Krull
Estate administration takes both time and energy. You have assets. This means you have an estate. When you die, someone will need to wrap up your final affairs. According to a recent Winston-Salem Journal article titled “Practical tips for estate administration, pre-planning advice, and a Coronavirus update,” the executor is in charge of paying any […]
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What Should I Do After the Death of a Loved One?

POSTED ON: May 27, 2020 BY: Kyle Krull
Managing affairs after the death of a loved one is no small task. Your loved one has died. You are grieving. People keep asking you questions and are wanting you to make major financial decisions. You do not have answers. In fact, you do not know where to start. According to a recent Business Insider […]
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What Should I Include in an Executor Letter?

POSTED ON: May 7, 2020 BY: Kyle Krull
Executors can benefit from personalized instructions. You have set up your last will and testament. Congratulations. You know what you own. You have decided who will inherit your assets when you die. You have even selected an executor (also known as a "personal representative") for your estate. According to a recent The Wall Street Journal […]
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last will and testament mistakes

Avoiding Mistakes on Your Last Will and Testament

POSTED ON: April 16, 2020 BY: Kyle Krull
Mistakes on your last will and testament can cause lasting damage. You know you are supposed to have a last will and testament in place. You have heard about dying intestate and would like to avoid this for yourself. Having the state determine who inherits your assets or takes care of your minor children when […]
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What Exactly is the Probate Process?

POSTED ON: February 28, 2020 BY: Kyle Krull
Probate is often misunderstood. What do you think when you hear the word “probate”? Do you think of inconvenient bureaucracy? Do you imagine family drama? According to a recent The Million Acres article titled “Probate Explained: What Is Probate, and How Does It Work?,” probate often has a bad reputation. In reality, this legal process […]
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Am I Responsible for Unpaid Debts of a Deceased Loved One?

POSTED ON: February 27, 2020 BY: Kyle Krull
Unpaid debts may haunt you. No one likes unpaid debts. They can feel suffocating. The grief of losing a loved one is even worse. According to a recent nj.com article titled “Is mom liable for my dead father’s credit card debt?,” no one wants to combine the two. If you recently lost a loved one, […]
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What are Risks of Poor Estate Planning?

POSTED ON: February 13, 2020 BY: Kyle Krull
Poor estate planning has dire consequences. You think you do not need an estate plan. Perhaps you believe estate planning can wait. You are young. You have time. According to a recent Chron.com article titled “Will you plan now or pay later?,” this is faulty reasoning. No one can predict their own future. You do […]
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Should I Use a Professional Executor?

POSTED ON: December 12, 2019 BY: Kyle Krull
A professional executor may be a wise choice for you estate. You know what you have. You have decided who gets what. You know who you want to take care of things if you cannot. Now you need an executor for your estate. According to a recent nj.com article titled “Should I choose a bank […]
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Do College Students Need Estate Planning?

POSTED ON: December 9, 2019 BY: Kyle Krull
College students require estate planning. Perhaps you have recently entered college or are planning to in the near future. Maybe you are the parent of a college student. Either way, you should understand that estate planning is important for college students. According to a recent Forbes article titled “3 Estate Planning Documents Every College Student […]
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