While we cannot predict the future, we can prepare for it. The reality is that you don’t know how long you will live or if you will be diagnosed with a disease or serious ailment. What you can do is take steps to better prepare for these potential scenarios. Through...
Kentucky ElderLaw Blog
What do I need to include in my will?
If you are totally starting from zero and you know absolutely nothing about wills and trusts or any other type of estate planning, the first thing that you will want to understand is exactly what needs to be included in your will. Well, first of all, a will is defined...
Why is now the time to modify your estate plan?
You might breathe a sigh of relief once you’ve created your estate plan, and you may feel like your affairs are in order once those estate planning documents have been finalized. While a thorough estate plan should provide you and your estate with the protection that...
VA disability benefits under the PACT Act
In August of 2022, the PACT Act became law. It gave many veterans the ability to apply for disability benefits for exposure to certain toxic materials. For Bowling Green and Louisville, Kentucky, veterans, and veterans nationwide (and their surviving spouses and...
Euthanasia laws in Kentucky
As we age, our needs change. This includes estate planning, home needs, care needs and, unfortunately, medical needs, among many other needs. And, for some, with extreme medical issues in Bowling Green, Louisville and throughout Kentucky, you may want to know your...
What are key points to know about creating a trust?
In Kentucky, when a person is thinking about creating an estate plan, they are likely to know the basics of a will. However, wills are not the preferable option in every situation. For some, a trust might be better for them. There could be a perception that trusts are...
Kentucky estate planning laws to remember
As painful as it may be to think about what is going to happen to your assets after you have passed on from this world, it is important to plan, nonetheless, so that you get the opportunity for your wishes to be honored and so that the people whom you have designated...
Care services that help you stay in your home as you age
As we age, certain tasks become more difficult. We may have difficulty with basic household chores, hygiene or we may have medical needs with which we require help. Still, not everyone wants to or can afford to stay in a residential care facility when they can no...
Now is a good time to take advantage of gifting
Right now, the federal gift and estate tax exclusions are especially generous thanks to the 2017 Tax Cuts and Jobs Act. This makes now a good time for gifting, if you can afford it. The 2017 Tax Cuts and Jobs Act The 2017 Tax Cuts and Jobs Act doubled the amount of...
Protecting your assets from lawsuits and creditors
When you plan your estate, your primary focus is often on your loved ones and your legacy. And, while you know a big part of that plan is minimizing taxes and liabilities, what you may not realize is that a huge part of a good estate plan is protecting your assets...