Estate Planning

Second marriages present a fantastic chance to start fresh, enabling individuals to form relationships based on lessons learned from previous experiences. However, it is important to recognize that remarriage changes family dynamics, creating new relationships and roles while substantially affecting financial circumstances, shared goals, and mutual responsibilities to each other and their families. As a…

Incorporating a charitable donation into your estate plan is known as “planned giving.” This considerate strategy not only enables you to create a lasting legacy that reflects your values and priorities but also inspires others to think about philanthropy within their financial planning. Planned giving also provides numerous advantages, such as lowering your estate and…

Estate planning isn’t about obsessing over what-ifs. It’s about taking small, meaningful steps to protect the people you care about most. Whether you’re raising toddlers, helping your children transition into adulthood, or planning for grandchildren, the right plan ensures your family is cared for in the ways that matter most. Young Parents Plan for the…

A Last Will and Testament is a legal document that outlines how a person’s assets and affairs should be handled after their death. This document allows a person to specify their wishes regarding the distribution of their property, guardianship of dependents, and any other directives they may have regarding their estate. If an individual passes…

A power of attorney (POA) is a vital legal document enabling individuals, especially seniors, to designate a trusted person to make decisions on their behalf when they cannot do so due to health issues or other circumstances. This arrangement guarantees that someone who understands the individual’s preferences and values can manage financial, legal, or medical…

When a person passes away, their belongings are typically distributed among their heirs, including family members, close friends, or organizations explicitly named in their Last Will and Testament or other estate planning documents. The legal process overseeing this distribution is known as probate. Probate is a court-supervised procedure designed to ensure that the deceased person’s…

Probate can bring out the worst in people. Too often, families end up in bitter disputes over estates because the planning wasn’t handled properly. Worse still, some take advantage of elderly family members to gain control over assets. The good news? These problems are avoidable. With a thoughtful plan in place, you can protect loved…

Kentucky does not impose an estate tax, meaning that individuals who pass away in the state will not have their assets taxed at their death. This can benefit estate owners as it allows them to transfer their wealth to their beneficiaries without a significant tax burden on the estate itself. However, it is important for…

Estate planning involves making important decisions about your finances, including how to manage and distribute your money and property after your death. It also encompasses planning for your medical care and ensuring your dependents receive the support they need. These decisions help address various issues that may arise when a person passes away, providing clarity…