Between utility bills, Netflix and Spotify subscriptions, and automatic services, many people have more recurring payments than they realize. But what happens to those services when a loved one passes away? When you’re already processing grief and coming to terms with a loved one’s death, it can be a challenge to deal with loose ends … Continue reading Bills and Services to Cancel When a Loved One Dies
Category: Estate Planning
Trusts Aren’t Just for the Wealthy — A Primer on a Power Tool to Protect Your Loved Ones
Most people have heard the term “trust fund baby” used in reference to someone whose late wealthy relative endowed them with glorious sums of money. Though it is certainly true that trust fund babies exist, trusts are not tools that are exclusive to the affluent. The benefits that trusts offer are just as available to an … Continue reading Trusts Aren’t Just for the Wealthy — A Primer on a Power Tool to Protect Your Loved Ones
Ask the Attorney: What Do I Do Right Away as the Executor Once My Loved One Passes Away?
Being the executor of an estate is a major responsibility. It can be overwhelming to take those first steps of executorship, especially as you’re dealing with the loss of a loved one. Fortunately, whether you live in Kentucky, Kentucky, or any other state, the duties of an executor tend to remain the same. Take a … Continue reading Ask the Attorney: What Do I Do Right Away as the Executor Once My Loved One Passes Away?
Protecting Your Assets When Entering a Nursing Home
There are few things in older age that place your hard-earned assets at risk, like entering a nursing care facility. The National Council on Aging estimates that a nursing home can cost about $7,900 per month, or nearly $96,000 annually. No matter the size of your estate, paying for nursing home costs can reduce your estate’s value … Continue reading Protecting Your Assets When Entering a Nursing Home
Estate Planning Strategies at 35 vs. 65
While we used to think that Estate Planning was only for the wealthy wealthy, it isn’t. Anyone with a family, retirement investments, or specific ideas about how they want their assets allocated needs an estate plan. Furthermore, estate planning involves more than your money and property. It allows you to assign someone you trust to … Continue reading Estate Planning Strategies at 35 vs. 65
Why You Should Avoid DIY Estate Plans and Use an Attorney
At first glance, developing an estate plan may seem like a simple effort you can approach with a DIY attitude, but when you learn about what goes into one, you’ll quickly understand that it’s not as straightforward as it may initially seem. A comprehensive estate plan doesn’t just include a will but also other documents like trusts, and … Continue reading Why You Should Avoid DIY Estate Plans and Use an Attorney
Are You Ready for 2026?
You may not be thinking about Jan. 1, 2026. Any New Year’s Eve celebrations you are currently thinking about are from January 1, 2025. However, if your estate is worth $5 million or more when the first day of 2026 arrives, your estate planning should begin now. According to a recent article from Forbes, “Is 2026 An … Continue reading Are You Ready for 2026?
Things to do at the end of the Year
To end this year, and start the next year with documents, and hopefully finances in shape, you should: Update, or have made, Wills and Living Wills (also called Health Care Directives); if you have gotten married, gotten divorced, had a child, or your child has reached 18, you should have these documents redone or done. … Continue reading Things to do at the end of the Year
Four Things to Do for the Beginning of the Year, from an attorney.
Four Things to do for the beginning of the Year: 1. Update your Will, if you have gotten married, divorced, had anyone in your Will become an adult or pass away; 2. Update your Living Will, also know as your Health Care Surrogate (if you do not update it after you get divorced, do you … Continue reading Four Things to Do for the Beginning of the Year, from an attorney.