Many people are familiar with the term "community property" from its role in divorce under the laws of certain states. Under a law that went into effect last year, it can also be important for estate planning here in Kentucky. The Kentucky Community Property Trust Act...
Kentucky Elder Care Blog
Medicaid look-back period: What does it mean?
There are many people in Kentucky who wonder how they will pay for their care when they get older. Many older people require specialized care, such as one receives in a nursing home. These facilities are extremely expensive, costing thousands of dollars each month....
Three reasons scam artists target the elderly in America
As we grow older, we have new issues and concerns to deal with that we never had to before. Health issues, Medicaid issues and related concerns are all relatively new to us and we need to adapt. One issue most people are not prepared for when they grow older is the...
Major changes in your life mean it is time to revisit your will
Your estate plan is in the rearview mirror. Completed years ago, you are proud of the fact that you created a simple will that provides directives as to whom inherits your assets and personal belongings. You think that you can rest easy now. But wait. Your life and...
Upcoming webinars: Sign up today
Kentucky ElderLaw, PLLC, is offering additional webinars aimed at helping people with life care and advance planning. The title of the webinar is: How to prepare for the high cost of getting older. The next webinar is February 25, 2021, at 6:30 p.m. You can...
Do these estate planning steps now
You should consider what happens if you suffer health problems or suddenly die. There steps that can be taken now as part of your estate planning. These actions can help assure that your wishes are carried out and that your family is protected. Health care You can...
Why is it important to start Medicaid planning early?
Even those residents of Kentucky who have over their years put together some savings may discover that the cost of staying in a nursing home or other facility will just be too much. They may also realize the difficult choice they face between providing for their own...
Drafting a valid will in Kentucky
Not knowing what the future will hold, many individuals and families in Kentucky and elsewhere seek to get their affairs in order. One way to do this is to have a will in one’s estate plan. While one likely understands the importance of this document when it comes to...
Sign up for upcoming webinars
Kentucky ElderLaw, PLLC, is pleased to announce a series of upcoming webinars addressing important issues involving life care and advance planning: How To Prepare For The High Cost Of Getting Older The webinars will detail useful information about advance planning and...
One reason to execute a trust, even if you are not wealthy
When you think of who needs a trust, you may think they really are only necessary for the wealthy, who want to grow their assets or who have a great deal to leave behind to their loved ones. You may think it is too expensive to establish a trust and you may even worry...