Kansas and Missouri Estate Planning Blog

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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What Financial Planning Should I Prioritize this Year?

POSTED ON: January 29, 2020 BY: Kyle Krull
Financial planning should be a priority in 2020. Money is an important part of daily life. You need to for food, bills, and other expenses. As we say around the Krull household: "A dollar bill passes between many hands every day." It is also important for future expenses. A recent Investor Business Daily article “Your […]
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Should I Plan My Own Funeral?

POSTED ON: January 6, 2020 BY: Kyle Krull
Funeral arrangements are best made in advance. When you die, your family will grieve. The loss of a loved one cuts deep. The last thing they need to be doing is making big decisions. According to a recent The Leader article titled “Important to provide instructions for preferred funeral, burial wishes,” arranging your funeral in […]
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How Can Executors Prepare for Their Role?

POSTED ON: December 3, 2019 BY: Kyle Krull
Executors play a big role in probate proceedings. Executing a last will is no small task. As an executor, you are responsible for probating the last will, settling debts, and distributing assets. Preparedness is key. According to a recent Investopedia article titled “The Executor's Checklist: 7 Tasks Before They Die,” this starts before the testator […]
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How Do Changing Names Impact My Estate Plan?

POSTED ON: November 14, 2019 BY: Kyle Krull
Names are important in estate planning. What is in a name? Quite a bit actually. Proper identification is essential when it comes to estate planning. According to a recent nwi.com article titled “Estate Planning: Name changes and the estate plan,” using inexact naming can cause a lot of problems. This is particularly a challenge when […]
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What Is the National Average for Retirement Savings?

POSTED ON: November 8, 2019 BY: Kyle Krull
The average for retirement savings is less than it should be. What do you think of when you hear the word retirement? Do you think of sleeping in? Do you think of travel? Do you think of time with family? Whatever you envision, one thing is certain: it will take money. A recent Investopedia article […]
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Is DIY Estate Planning a Good Idea?

POSTED ON: October 17, 2019 BY: Kyle Krull
DIY estate planning can be expensive. You have heard the words "estate plan" from family and friends. They advise you to get one. You reached out to a few attorneys and were overwhelmed by sticker shock. You then researched estate planning articles online. It looks simple enough. Surely, you can do-it-yourself. According to a recent […]
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How Do I Find an Estate Planning Attorney?

POSTED ON: October 16, 2019 BY: Kyle Krull
Choosing the right estate planning attorney is essential. You know you need an estate plan. It is the critical for your the success of your comprehensive financial plan and the well-being of your family. According to a recent Next Avenue article titled “How to Find a Good Estate Planner,” you need to do more than simply […]
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Do I Really Need a Will in My Estate Plan?

POSTED ON: October 15, 2019 BY: Kyle Krull
A last will and testament is a necessary requirement for most estate plans. You know you need a plan for asset transfer when you die. You do not want to create a will. After all, surely there are cheaper ways to do this than engaging the assistance of an estate planning attorney. Right? According to […]
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How Do I Make My Estate Planning Fair?

POSTED ON: October 11, 2019 BY: Kyle Krull
Fair estate planning does not necessarily mean equal estate planning. Let me explain. You have multiple children. As children they were obsessed with fairness. Sister has a bigger cookie? It is not fair. Brother gets a later bedtime? Still not fair. According to a recent The Press Enterprise article titled “Why ‘fair’ and ‘equal’ aren’t always […]
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