Estate Planning

Having a will in place is a meaningful step, but it does not always determine who receives your assets. In some instances, your beneficiary designations carry more weight than your will. Retirement accounts, life insurance and payable-on-death (POD) accounts go...

Many people turn to online estate planning forms because they seem quick and affordable. They often appeal to people who want a simple solution. In very basic situations, they may work. For many families, though, a do-it-yourself (DIY) plan creates confusion after...

Kentucky is one of just five states that currently has an inheritance tax. This kind of tax, as the name implies, is levied on beneficiaries of property and other assets located in the state.  Typically, this applies when a person living in Kentucky passes away....

One thing you can do to give a sense of security and instruction to your family is to write an estate plan. When you pass away, if there is an estate plan, it lowers the odds of disputes between your family members. It can also give them peace of mind because your...

Many people think of estate planning as something that is done by the elderly. And it certainly can be. If someone retires at 65, they may start considering the estate plan because they’re thinking about the end of their life and what that means for their family. But...

Some people become personal representatives because an individual asked them to take on that responsibility. Those who draft estate plans before they die often put a lot of thought into the selection of their personal representatives. They want to choose someone...

If you’re going through a divorce, the last thing you probably want to do is deal with even more legal documents and more attorneys. However, if you have an estate plan, it’s crucial to understand how your divorce affects that plan and ensure that you make the changes...

As you've worked hard to build a life, raise a family and create a legacy, you've likely thought about what's next. Who will inherit your home, your savings and your possessions? And if you already have an estate plan, does it still reflect your current needs and...

Learning you have a terminal condition is incredibly emotional. Amidst this whirlwind of emotions, you must find a way to focus on practical matters, like tying up loose ends and securing your estate for your loved ones. Here are three critical estate planning tasks...

A sound estate plan speaks to both your financial and family-related concerns. But how do you know what documents are right for your situation? Two of the most basic yet crucial estate planning tools are a revocable living trust and a will. If you are just starting...