Protecting Your Assets When Entering a Nursing Home
There are few things in older age that place your hard-earned assets at risk, like entering a nursing care facility. The National Council on Aging estimates that a nursing home can cost about $7,900 per month, or nearly $96,000 annually. No matter the size of your estate,...
Why You Should Avoid DIY Estate Plans and Use an Attorney
At first glance, developing an estate plan may seem like a simple effort you can approach with a DIY attitude, but when you learn about what goes into one, you’ll quickly understand that it’s not as straightforward as it may initially seem.
A comprehensive estate plan doesn’t just...
Estate Planning Strategies at 35 vs. 65
Estate planning isn’t just for the wealthy. Anyone with a family, retirement investments, or specific ideas about how they want their assets allocated needs an estate plan. Furthermore, estate planning involves more than your money and property. It allows you to assign someone you trust to make healthcare decisions on your...
Ask the Attorney: What Do I Do Right Away as the Executor Once My Loved One Passes Away?
Being the executor of an estate is a major responsibility. It can be overwhelming to take those first steps of executorship, especially as you’re dealing with the loss of a loved one. Fortunately, whether you live in Kentucky, Kentucky, or any other state, the duties of an executor tend to remain the...
Trusts Aren’t Just for the Wealthy — A Primer on a Power Tool to Protect Your Loved Ones
Most people have heard the term “trust fund baby” used in reference to someone whose late wealthy relative endowed them with glorious sums of money. Though it is certainly true that trust fund babies exist, trusts are not tools that are exclusive to the affluent. The benefits that trusts offer are...
Bills and Services to Cancel When a Loved One Dies
Between utility bills, Netflix and Spotify subscriptions, and automatic services, many people have more recurring payments than they realize. But what happens to those services when a loved one passes away?
When you’re already processing grief and coming to terms with a loved one’s death, it can be a...
Ask the Attorney: Can the Beneficiary of a Will Have the Executor Removed?
The executor has one of the most essential roles in fulfilling the last wishes of a person who has passed away. Since the decedent often appoints them, the court typically defaults to the executor. And when the court appoints them, it is done only after careful consideration.
Hence, there...
Estate Planning for Influencers and Bloggers
Social media influencer is a relatively new career. However, in recent years, it has exploded, along with bloggers, producing a new set of wealthy celebrities with their own estate planning issues to deal with. This was never more apparent than this past March when it was reported that influencer and model Jeff...
Tina Turner’s Preparation and the Transfer of Wealth Amidst Complicated Family Dynamics
Tina Turner’s recent passing rocked the music world, as we lost one of the true legends. Tina had survived years of spousal abuse at the hands of her ex-husband, only to reinvent herself with the song and movie What’s Love Got to Do With It. She was, in the words of another...
Think Twice About DIY Estate Planning
The proliferation of home improvement shows combined with the ability to search for practically anything on the Internet has led to a boom in do-it-yourself (DIY) projects. People are doing everything from repairing their home appliances to writing complex legal agreements. The advent of artificial intelligence programs like ChatGPT is bolstering this...