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,...
A History Of Growing Trust In Kentucky
Estate planning
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...
What kind of personality works best in an executor role?
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...
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...