When you prepare for the future, you may want to plan for what happens to your belongings after your death. Thinking more seriously about estate planning and who you want to name in your will as your executor is one part of this. Matching the options you have in your...
A History Of Growing Trust In Kentucky
Estate planning
Estate planning can help a loved one with mental illness
More and more, mental illness is something we can discuss openly with our family, friends and employers, not something to keep hidden out of shame. Society's increasing acceptance and openness around mental health no doubt encourages more people in Louisville to see a...
What is fiduciary duty?
Fiduciary duty is the highest standard of civil duty a person can have to another. When a person is a fiduciary to a principal, then their actions must always be in the best interests of the other individual. If a fiduciary is not faithful to their duty, they can face...
Is your estate plan missing something?
Creating an estate plan is a crucial step in protecting your assets and ensuring that your loved ones are taken care of after you pass away. However, even the most thorough estate plans can be missing something. Reviewing your estate plan regularly and making updates...
Debunking 3 estate planning myths
Estate planning is a complicated process, but people can make it harder by listening to misinformation about the process -- and misinformation is everywhere. To help ensure that you don’t have issues when making an estate plan, you may need to consider reading the...
Should I have a will, a living trust or both?
When creating an estate plan, it’s essential to understand that wills and living trusts are not interchangeable. It’s not a matter of choosing between both options. Only having a will may suffice for some with smaller and easily transferable assets. But first, it’s...
How having no will (or a do-it-yourself one) can backfire
Many people who would rather not do estate planning put it off until it's too late. Others try to save time and money by writing their own will, either using an online do-it-yourself service or writing one out using pen and paper. These options can be cheaper in the...
Your estate plan can protect you from involuntary guardianship
Guardianship is a legal system through which an adult can provide for the needs of someone incapable of handling their own affairs. Those with developmental disorders, injury-related disabilities and cognitive decline due to aging may eventually require a...
3 attributes an estate executor needs
One crucial element to consider when making your estate plan is who will implement it when you pass away. This person is known as the executor of your estate. Honestly is critical. You would not want to risk someone stealing your assets for themself and leaving your...
What’s the purpose of a trust?
In an estate plan, you’ll make many decisions on who will inherit from you, who will look after your estate during probation and who will make decisions on your behalf. While that sounds like a lot of choices to make, you know it’s in the best interest of everyone....