A will help plan how someone's estate will be handled after they pass away. A will may even establish who will be the executor and power of attorney. Many people write one or two wills during their lifetime. You may have been talking to your parents recently when the...
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Estate Planning
Avoid these estate planning mistakes
A new year is a great chance to get your estate plan taken care of. If you’re one of the adults who doesn’t have one yet, now is the time to put everything in writing so your loved ones know what to do when you pass away. Creating your estate plan also provides...
Why living trusts are a popular estate planning tool
One of the key goals for most people in estate planning is making things as uncomplicated as possible for their loved ones after they’re gone. If you’ve got some substantial assets you’re going to leave to family members or other beneficiaries (like a home, a car and...
Spendthrift trusts preserve inheritances for extravagant heirs
Nearly all families in America have that one relative who cannot seem to control the way they spend. They often spend large sums of money on questionable investments, frivolous luxury items or extravagant gifts for friends. When this is your adult child or another...
An introduction to estate planning for Kentucky residents
Estate planning is a topic many Russell, Kentucky, residents avoid, usually because it is strongly associated with end-of-life matters. We know thinking about a time when you are not around for your loved ones is hard. However, once you address estate planning, you...