From social media accounts to digital files, a digital footprint is becoming increasingly important. Therefore, you should consider not only our physical belongings but also our online presence when planning for the future. Inventory your digital assets Are you one of...
A History Of Growing Trust In Kentucky
Estate planning
What makes trust and estate administration different?
Someday you may have the responsibility of overseeing the assets of a loved one who has died. However, it is not always true that you will administer a last will and testament. Some people put their assets into a trust, which means you might become a trustee to take...
The impact of estate planning on tax implications
In the journey of life, preparing for the unforeseen is a wise course of action. One aspect often overlooked is estate planning, a powerful tool that goes beyond just distributing assets. It can significantly reduce the burden of tax implications for your loved ones,...
How can you avoid a will contest?
When it comes to passing on assets to heirs, a well-constructed will is of the utmost importance. However, will contests can arise and complicate matters for everyone involved. While you cannot always prevent conflict in your family, some steps can decrease the chance...
3 things to check in your estate plan after divorce
Divorce is a significant life change that requires you to look at almost every aspect of your life. One thing that some people don’t realize they should check is their estate plan. While it might be tempting to change your entire estate plan as soon as you know...
Has your estate plan expired?
When was the last time you made your estate plan? While an estate plan doesn’t expire, it may be in desperate need of revisions. People often update their estate plans every three to five years to include new assets and beneficiaries. However, you don’t need to update...
Why delaying or neglecting to make a will is unwise
When it comes to planning for the future, creating a will is an important step that many people tend to delay or neglect. However, failing to make a will may lead to a host of problems and uncertainties for your loved ones. On the flip side, drafting a will leads to...
Estate planning errors that should be avoided
Drafting an estate plan is something that everyone should consider carefully. As soon as you hit 18 years of age, it’s likely that you have started to own assets, which are worth protecting. You want the products of your hard work to be passed on to those you love...
A well-crafted living will can be a gift to your family
A living will is a legal instrument that articulates your preferences regarding medical treatments and interventions if you become incapacitated and unable to communicate your wishes. While these conversations can be uncomfortable, planning for such eventualities can...
A simple estate plan should include these 3 components
Having a Kentucky estate plan allows you to maintain control over certain elements of your life after you die. It also gives you an opportunity to make stipulations with regard to your medical care, financial affairs and more. However, many people delay or avoid...