People with special needs often rely on family members and others for assistance. For example, many people with special needs are unable to work, and they rely on financial support from their families to survive. Others need help performing the activities of daily life, such as going to the store, bathing, etc....
If you have circumstances where you’d like to guide the use of your assets for the foreseeable future after your death, then you should consider creating a revocable trust. Unlike an irrevocable trust, you can revoke or amend a revocable trust at any time without seeking anyone’s permission to do so. In...
Many people believe that estate planning is only for seniors or people with a lot of money. This isn’t true, however. In fact, most young adults should have an estate plan in place. Because if you are a young adult and don’t have an estate plan, the court will make important decisions...
Estate planning is important. In fact, most adults need an estate plan regardless of wealth or age. If you fail to put an estate plan in place, your assets, ability to make certain decisions, and other important matters will be placed in the hands of the court. And there is a good...
Estate planning is essential for most people, regardless of income or age. However, many people have misconceptions about the estate planning process. In this article, we explain the estate planning process in Kentucky. For additional information about estate planning in Kentucky, please contact an experienced Kentucky estate planning lawyer.
Most people are familiar with estate planning and its importance. Lesser known, however, is the concept of legacy planning. Legacy planning allows you to leave behind much more than your assets. Specifically, through legacy planning, you can pass along your morals, values, faith, and philosophy to your beneficiaries. In this article, we...
Most adults in the U.S. do not have a will or a trust. According to a survey by Caring.com, only 33% of Americans have one of these estate planning documents. If so many people don’t have a will, you might be wondering whether you need one. Your family can just figure out...
Hello everyone, Josh Berkley here.
I ran across this interesting (and disturbing) article on NJ.com. Folks, be aware that there are non-attorneys out there offering to help people apply and qualify for Medicaid - as you can see in this article discussing the company "Advanta," this can be problematic. In this instance, Advanta...
Everyone is susceptible to injuries and illness. Therefore, the creation of power of attorney documents is an essential part of the estate planning process. By drafting power of attorney documents, you ensure that your wishes regarding your health and finances will be honored should you ever become incapacitated. In this article, we...
A trust is often an essential part of a comprehensive estate plan. Trusts offer several benefits, including the avoidance of probate, which can be an expensive and lengthy process. In addition, there are several types of trusts available in Kentucky, each of which offers specific benefits to grantors and beneficiaries. In...
