Choosing the right trustee (or successor trustee if a trust’s creator or “grantor” is managing a trust while they’re alive) is one of the most important elements of trust creation. Some types of trusts require more time, work and skill than others. Trustee...
Selecting a guardian for your child is an important part of drafting an estate plan. If the child is a minor, someone will need to care for them if a parent passes away unexpectedly. They may need to provide active parenting and childcare, address financial decisions,...
If you have a beneficiary that you want to name in your estate plan, but you are worried that they are so young that they are not ready for that type of inheritance yet, there are ways to delay when they receive it. For example, some of your beneficiaries may be your...
When you decide to write a will or set up an estate plan, it is important to remember that it can address your medical future, not just your assets. Those assets are often where people start. They want to determine how they are going to pass the money and physical...
When people leave their loved ones inheritances, they want them to benefit from them as fully as possible. When people don’t get qualified estate planning guidance, however, some of that inheritance can be diminished by one or more types of taxes. Kentucky is one of...
When you created your estate plan, you may recall being told or reading somewhere that it will need to be modified when certain life events and family changes occur. If you’re preparing to divorce or already in the process, that is one of those changes. Divorce can...
Adult guardianships are sometimes necessary. Even those who have been healthy throughout most of their lives can develop debilitating medical challenges as they age. Dementia and cognitive decline are both common reasons why concerned family members or caregivers...
The search for love has no age limit. Many older adults turn to online platforms for companionship, hoping to build meaningful connections. But in a growing number of cases, what begins as sweet conversations across borders can turn into a calculated financial trap. ...
People typically cannot draft valid estate planning documents until they become legal adults. Most 18-year-olds and professionals in their 20s don't worry much about estate planning. It is common for people to wait until far later in their lives to draft documents...