Everyone expects to make decisions about how their money will be spent, what healthcare providers can and cannot do if they are sick or injured, and how their estate will be handled at the time of their death. Unfortunately, life is unpredictable, and events might take place that make you unable to make these decisions. […]
One of the primary goals of an estate plan is to ensure your wishes are carried out after you’re gone or should you become incapacitated. The last thing you want is to have family members fighting in court over your assets or control over your decisions. Unfortunately, far too many families find themselves in contested […]
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Parents of special needs children are often consumed with ensuring the day-to-day needs of their children are met, leaving little time to consider the future. The process of estate planning for special needs children can be complex, making it something that gets put off, sometimes until it’s too late. Fortunately, a skilled professional can help […]
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If you are newly remarried or planning a second marriage, you’ll probably want to carefully consider how you structure your estate plan. Estate planning for second marriages requires careful consideration to ensure all parties are taken into consideration. This is particularly the case if you or your new spouse have children from previous marriages. Here […]
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Gifting your assets to minors can be an attractive estate planning asset for several reasons. This strategy allows you to give the minors in your life a financial head start on life and valuable savings while also potentially reducing your tax burden. Gifting money or assets to minors can also reduce your estate size, potentially […]
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If something happens and you can’t voice your own medical decisions, you want the proper legal documents in place so loved ones and medical professionals can carry out your wishes. In most states, these are referred to as a living will and advance healthcare directive. Planning ahead with these vital estate planning tools allows you […]
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Estate planning is commonly associated with the wealthy, but the truth is that it’s a vital process for everyone. From ensuring your wishes are respected to protecting your assets to creating a lasting legacy for loved ones, estate planning offers a variety of benefits. Here’s why estate planning is essential and the ways it can […]
You may have heard about trusts in relation to estate planning and wondered whether that is something you should consider. While estate planning may not be the most exciting topic for most people, it’s certainly an important one. As you plan for your financial future and secure your legacy, creating a revocable trust is a […]
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Estate planning can be intimidating and confusing. In fact, just the idea of writing a will or considering what will happen when you’re no longer around can be downright paralyzing. There is a lot of misinformation surrounding wills and probate that can intensify these negative feelings. Here are some common misconceptions and the truths about […]
Why Planning for Incapacity Is Essential
/by Louisville Estate Planning AttorneyEveryone expects to make decisions about how their money will be spent, what healthcare providers can and cannot do if they are sick or injured, and how their estate will be handled at the time of their death. Unfortunately, life is unpredictable, and events might take place that make you unable to make these decisions. […]
Strategies to Avoid Challenges to Your Estate Plan
/by Louisville Estate Planning AttorneyOne of the primary goals of an estate plan is to ensure your wishes are carried out after you’re gone or should you become incapacitated. The last thing you want is to have family members fighting in court over your assets or control over your decisions. Unfortunately, far too many families find themselves in contested […]
Estate Planning Options Available for Individuals with Special Needs Children
/by Louisville Estate Planning AttorneyParents of special needs children are often consumed with ensuring the day-to-day needs of their children are met, leaving little time to consider the future. The process of estate planning for special needs children can be complex, making it something that gets put off, sometimes until it’s too late. Fortunately, a skilled professional can help […]
Understanding the Impact of a Second Marriage on Estate Planning
/by Louisville Estate Planning AttorneyIf you are newly remarried or planning a second marriage, you’ll probably want to carefully consider how you structure your estate plan. Estate planning for second marriages requires careful consideration to ensure all parties are taken into consideration. This is particularly the case if you or your new spouse have children from previous marriages. Here […]
Gifting to Minors: The Importance of Careful Planning to Avoid Pitfalls
/by Louisville Estate Planning AttorneyGifting your assets to minors can be an attractive estate planning asset for several reasons. This strategy allows you to give the minors in your life a financial head start on life and valuable savings while also potentially reducing your tax burden. Gifting money or assets to minors can also reduce your estate size, potentially […]
What Is a Living Will/Advance Healthcare Directive?
/by Louisville Estate Planning AttorneyIf something happens and you can’t voice your own medical decisions, you want the proper legal documents in place so loved ones and medical professionals can carry out your wishes. In most states, these are referred to as a living will and advance healthcare directive. Planning ahead with these vital estate planning tools allows you […]
The Importance of Estate Planning: Securing Your Legacy
/by Louisville Estate Planning AttorneyEstate planning is commonly associated with the wealthy, but the truth is that it’s a vital process for everyone. From ensuring your wishes are respected to protecting your assets to creating a lasting legacy for loved ones, estate planning offers a variety of benefits. Here’s why estate planning is essential and the ways it can […]
What Is a Revocable Trust and Do I Need One?
/by Louisville Estate Planning AttorneyYou may have heard about trusts in relation to estate planning and wondered whether that is something you should consider. While estate planning may not be the most exciting topic for most people, it’s certainly an important one. As you plan for your financial future and secure your legacy, creating a revocable trust is a […]
Common Misconceptions About Wills and Probate
/by Louisville Estate Planning AttorneyEstate planning can be intimidating and confusing. In fact, just the idea of writing a will or considering what will happen when you’re no longer around can be downright paralyzing. There is a lot of misinformation surrounding wills and probate that can intensify these negative feelings. Here are some common misconceptions and the truths about […]