Life is unpredictable, and families often don’t turn out the exact way that people expect. A marriage that you thought would last forever could easily end in divorce. A spouse you loved could die while you are still well before retirement age. Blended families, which...
A History Of Growing Trust In Kentucky
Estate planning
Don’t make these 3 estate planning errors
If you do not already have an estate plan, then you should consider making one. You can create yours as soon as you turn 18 years old. Naturally, the older you get, the more crucial it becomes to have your estate plans in place. What do people get wrong when estate...
Understanding the power of limited guardianships
Limited guardianships are an important tool that you can use to help someone you love who can no longer take care of themselves. With a limited guardianship, you will seek some rights over your loved one’s care, but you won’t seek control over their finances. Limited...
How do you choose a guardian for your child?
Estate planning involves many things, from writing a will to creating trusts to making medical decisions for your own future. Many people think that this is something that only the elderly do, or perhaps an area of law that is most often addressed by retirees....
Where do you store your estate plans?
You’ve done the responsible thing and gotten your estate plans together, including your will, powers of attorney and insurance designations all in order. Now, you have one big question: Where do you put all this stuff? You have options, but some are markedly better...
Is your estate plan up to date?
Life changes. You change, too. People in your life come and go, and your circumstances and priorities shift. It only makes sense that you update your estate plan to reflect these changes. Most experts recommend that you update your estate plan every three to five...
Tips for avoiding probate in your estate planning
Why would you want to avoid probate? There are two main reasons: Time and money. Being a court process, probate can drag on for months or even years, not to mention the associated costs such as probate and attorney fees. Therefore, it is in the best interests of your...
3 common errors people make when estate planning
Frequently, people put off thinking about what will happen in the event of their death. Considering what may happen in the future can be worrisome. However, not thinking about how your estate will be managed could create further problems. Having a solid estate plan...
Protecting your children from inheritance loss when you remarry
Life is unpredictable, and families often don't turn out the exact way that people expect. A marriage that you thought would last forever could easily end in divorce. A spouse you loved could die while you are still well before retirement age. Blended families, which...
Why would you leave your heir a single dollar?
Have you ever heard someone say that they left a single dollar to one of their children in their will? If so, it may have sounded odd. What good is one dollar, and is it just intended to be an insult? It’s not supposed to be an insult in most cases, but it’s just a...