Act on Powers of Attorney That Age With Time
My uncle needs me to pay his hospital bills while he is in the hospital. Back in 2002, he named me as his financial power of attorney, so I could write checks on his bank account when he couldn't, like…
Larry King: A Sad Legacy
During his talk-show career, Larry King married seven women and had five children. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death, his estate went straight to…
The Five Common Mistakes Made in Estate Planning
During your lifetime, you spend the first part trying to attain financial security and the second part working to maintain it. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan,…
Reassessment of an Estate Plan Is Necessary Following the Death of a Spouse
The passing of a spouse is not only a very emotional challenge but can be financially difficult as well. It is common for one spouse to handle family tax and estate plans, and a widow(er) may be looking at a…
The Effects of the Build Back Better Act on Estate Planning
The House Ways and Means Committee approved President Biden’s Build Back Better Act’s (BBBA) tax provisions, a major step toward the passage of the bill. As the draft now stands, the legislative proposal may restrict the abilities of higher net…
All You Need to Know About Probate Court
You may have heard that it's best to avoid probate court if at all possible. But just because people may have heard that term, doesn’t mean they know exactly what probate means, why it can be a problem, or how…
Establish Advance Directives So You Can Draw the Line, Not Someone Else
The Covid-19 pandemic has brought an important question to the forefront; how far would you want extreme life-prolonging measures to be tried? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with medical…
How to Incorporate Cryptocurrency Into Your Estate Plan
Cryptocurrency is a digital asset and as such needs to be addressed differently than traditional estate planning assets. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of…
Things to Know About Trusts in Kentucky
A client asked us this interesting question: After my brother died, he left money in a revocable trust for my children – but they could only get that money if they spent it on a trip to Tanzania to visit…
You Can Now Complete Your Estate Plan From the Comfort of Your Home
We can help you complete your estate plan without taking a single step outside your safe home. Formerly, most states required that important legal documents must be signed in person. During the course of this epidemic, then, we have been…