Many people believe that estate planning is only for the rich. This couldn’t be further from the truth, however. Without an estate plan in place, settling your affairs after you pass away could have a long-lasting and expensive impact on your loved ones—regardless of your income or assets. In this article, we...
Everyone needs an estate plan. In fact, failing to draft an estate plan can negatively impact your family for years to come. However, when drafting an estate plan, there are several pitfalls to avoid. Therefore, when embarking upon the estate planning process, it is advisable to first consult with an experienced Kentucky...
While everyone should have a durable power of attorney that appoints someone to act for them if they become incapacitated, in some circumstances, it is not enough. In these cases, a revocable trust can help.
A durable power of attorney allows you to appoint someone you trust to step...
Being the executor of an estate can be a time-consuming job, depending on the size and complexity of the estate. A simple estate can take a few months and not require a huge time commitment. However, if there are problems, the job can drag on for years.
If you have a Special Needs child or loved one, a Special Needs Trust may allow you to leave them an inheritance without disqualifying them for public benefits (for example SSI or Medicaid).
Creating this type of Trust for someone else is called a Third Party Special...
Check out this great article (featuring our own, Josh Berkley!) for insight into how debt is treated upon death. This is just one of the many issues on which estate and probate attorney Josh Berkley provides personal consultation as part of our estate planning services.
As always,...
