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Alzheimer’s diagnoses are becoming more common. In fact, there are more than six million Americans living with the disease today, and that number is expected to double by 2050. An Alzheimer's diagnosis can be devastating for people living with the disease, their...
A power of attorney (POA) is an important document to consider during the Kentucky estate planning process. These legal documents allow another person to act on your behalf if you are no longer able. There are several different types of power of attorney that you may...
The world of estate planning can be confusing to those who have never encountered it before. You might be estate planning for the first time and while you are likely aware that you need a will, you might also wonder if you need a living will. You may not even be sure...
As we get older, it may become more difficult for us to take care of ourselves physically and financially. A long-term care plan can prepare you for the future and make sure your wishes are adhered to, even if you are incapacitated. Long-term care plans can also take...
You have worked hard for the better part of your life to accumulate a fair amount of assets that you intend to pass down to your heirs. One thing that is important to consider are estate and inheritance taxes. Currently, federal estate tax is applied if a person’s...
Many people mistakenly think that creating an estate plan simply requires you to create a will detailing how your assets will be distributed upon your death. However, estate plans are often more complicated than that, even if you have a smaller estate. One estate tool...
You have probably heard the term, “elder law” but you may not fully understand what it is or where or when it applies. The loose definition of elder law is a set of laws that concern legal issues surrounding older people. What is meant by older people is generally...
As we get older, it becomes more likely that we will suffer from medical condition that affects our physical health or cognitive abilities. That is why it is so important to assign decision making power to another person by creating a power of attorney (POA). The...
When Kentucky residents think about long-term care plans, they probably think about planning for an eventuality in which they need to stay at an assisted-living facility or nursing home for a period of time due to old age or declining health. That is definitely one...
When you begin estate planning, you may start to think of how you will pay for nursing home care if you need it. While Medicaid can cover nursing home expenses, there are certain financial requirements that must be met in order to qualify for benefits. One significant...
