New Year’s is fast approaching, which means that many of us are reviewing 2022 and deciding what we can do better in 2023. We’re also identifying new goals based on everything that’s happened this year. Estate planning should be on everyone’s agenda fo ...
Holidays Are For Estate Planning!
The holiday season is when you see family members who don’t live nearby. That’s one of the main reasons why Christmas and New Year’s are such festive times: the extended family either gathers under your roof or comes into the immediate area so you can all ...
End-of-Year Estate Planning Goals
While it’s impossible to predict the future, one thing is for certain. If we don’t plan for it, life can be difficult for our loved ones when we pass. This is why creating an estate plan is something we should do sooner rather than later. Many people h ...
Revocable Trusts: Easiest Way to Not Pay Twice!
When you’re looking to reduce your probate tax and preserve as much of your estate as possible for your beneficiaries, a revocable trust can help you achieve both goals. Unlike their irrevocable counterpart, revocable trusts can be amended or revoked at a ...
Your Guide to Administration of a Probate Estate
If your loved one died with an estate, and you were designated as the administer of that estate while it goes through probate, it is important to understand your legal rights and responsibilities. Probate is the process of settling an estate by distributi ...
Medicaid Planning & Protecting Your Assets
At this time, the average cost of a nursing home in Kentucky is between $70,000-$80,000 a year. The national average for a private room is over $100,000 a year. Typically, the people who require these types of facilities are retired, live on a fixed incom ...
Remarriage Protection in Estate Planning
For those who are divorcees and considering remarriage, estate planning can provide a safe and secure way to protect one another’s assets. By creating a prenuptial agreement alongside other estate planning documents, spouses can also decide how assets sho ...
How You Can Effectively Protect Your House From Medicaid Estate Recovery
If you or a family member is making use of the Medicaid program, it’s important to keep in mind that states will attempt to recover the costs of that care from the estate of the Medicaid recipient. Unfortunately, in most cases, the only substantial asset ...
What’s the Big Deal With Going Through Probate Court?
If you’ve taken a look around a few estate planning websites, you’ve likely heard claims of how detrimental or painstaking probate court is. In fact, one of the most common reasons for creating an estate plan is to avoid probate. Very few of those website ...
Creating Effective Power of Attorney Documents
It’s an unfortunate reality that injuries and illnesses often come unexpectedly. When they do, power of attorney documents are useful tools to ensure that your wishes are followed, even if you’re unable to make those decisions yourself - but these documen ...