Estate Planning Blogs

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 person you choose (referred to as your ‘agent’) will [...]

A will is one of the most basic and essential estate documents. But there are many laws and documents that govern how your assets may be transferred regardless of what is contained in your will. Retirement accounts Usually, the beneficiaries named on 401(k)s, individual retirement accounts and pensions are entitled to those assets despite what [...]

It’s not easy to think about your own mortality. And it might be worrying to think about how your loved ones are going to get by once you’re gone. But you can’t let these fears paralyze you into inaction. Instead, you need to take the steps necessary to ensure that you have a sound estate [...]

Living in a blended family has a number of challenges. You may struggle to build and maintain relationships with your spouse’s children and finding a balance of time sharing with each side of the family can be difficult. But another aspect of a blended family that you can’t overlook is estate planning. The dangers of [...]

An estate plan requires time and effort. But there are common mistakes that people make with their plans that upsets their existing estate plan. Leaving gifts and not changing their will People may use their wills to leave cash gifts to relatives or friends. However, many times that gift was already made after the will [...]

Many people think that estate planning is only for older and/or wealthy people, but this is not the case. Everyone can benefit from an estate plan. Young people tend not to think about the end of their lives too much if they are healthy. If they are not healthy, their need to plan probably drives [...]

Are you worried about what’s going to happen to your assets once you’re gone and they’ve been passed on to your loved ones? If so, take comfort knowing that this is a common concern amongst estate planners. These individuals often fear that the lifetime of wealth that they’ve worked hard to build will be squandered [...]

In this day and age, there are many things happening around the world that can make people hesitant about planning for the future. But when it comes to taking care of your loved ones after you are no longer here, there should be no question about making a plan that they will be able to [...]

 It may not be a topic that people in Kentucky like to think about, but it is important that people plan for what will happen after their deaths. It is one of the few guarantees in life and it is important that people have a plan in place to distribute their property and assets to [...]

Many articles about estate planning promote using trusts as a way to help property escape the time-consuming and costly probate process. When property is owned by the trust, it does not become part of a person's estate when they die, and so it skips probate. By contrast, a will instructs the court and executor how [...]