A will makes a one-time transfer of assets after death, while trusts allow assets to be transferred during life and after death. Each one has an important role to play in managing assets and protecting loved ones, reports an article “Estate vs. Trust: Do You Really Understand the Difference” from yahoo!. An “estate” in this sense is everything … Continue reading What’s More Important: an Estate Plan or Trust?
Category: Trustee
Can Executor Take the Money and Run?
What if your executor or trustee decides to run off to the Bahamas with all your assets, leaving heirs with nothing? Kentucky Farmer’s article entitled “What if trustee runs off with assets?” says that safeguards should be in place to protect the heirs of an estate. The most common way to protect against this possibility is a fiduciary … Continue reading Can Executor Take the Money and Run?
Some of the Proposed legislation in Kentucky as of February 22, 2025 (4 of 4)
I am going to make 4 posts, as there are 128 bills pulled and updated out of the over 1000 bills proposed this term. These are currently just some of the proposed bills, this is not a complete list. You can find the current complete list at https://legislature.ky.gov/Legislation/Pages/default.aspx I will update the list throughout the … Continue reading Some of the Proposed legislation in Kentucky as of February 22, 2025 (4 of 4)
Three Ways to Making Trusts Millennial Friendly
If your named beneficiaries are Millennials—born between 1981-1996—you may want to consider three essential points about your trusts, as explained in the article “Trusts For Your Millennial Beneficiaries” from The Street. They’re different from their parents and grandparents, and disregarding these differences is a missed opportunity. This generation’s distinguishing characteristics and traits include: Valuing relations with superiors with … Continue reading Three Ways to Making Trusts Millennial Friendly