Estate planning can seem daunting to anyone. But for parents of special needs children, it's particularly serious. Families in Kentucky should understand the role a special needs trust can play in a disabled child's life. The basics of special needs trusts Trusts are...
Estate planning for physicians and other professionals
Estate planning is important for physicians and other professionals in Kentucky because without an estate plan, the state will decide what happens to a person's assets. A lack of planning for incapacity can mean that people who cannot communicate their wishes could...
Why you need an estate plan
Many Kentucky families are lacking an estate plan when they need it the most. When asked about why they don't have an estate plan, many people will answer that they never knew they needed one. However, you need to know that estate planning is for everyone and not just...
Benefits of health care surrogates and durable powers of attorney
Many families across the United States face the devastating diagnosis of terminal cancers or the catastrophic effects of debilitating car crashes. Yet thinking about your assets and medical care if you are injured or fall ill proves difficult.Especially as we age, it...
Protecting Disabled Beneficiaries
A recent study from the Institute on Disability in New Hampshire reported that in 2015, approximately 10% of the adult population under 65 was disabled. Although those statistics are the median for the United States as a whole, in some places those statistics may be...
You have a Power of Attorney – you’re covered! Or are you?
We often have clients tell us that they have all of their paperwork in order, then proceed to pull out a one-page Power of Attorney and a one-page Will. I will be the first to say that the length of a document does not determine the validity or the value. However, a...
Who Needs a Will?
The short answer to this is that everyone needs a will. Having a Last Will & Testament is not only your final determination of where your property will go at your death, but it also determines what happens to property in unusual situations. For example, if you...
What is Probate and How can I Avoid it?
There are many horror stories about probate. Everyone seems to have a story about someone they know who had a will contest or whose family was fractured because they fought about the property of a loved one. No one wants to go through this or for their family to go...
What is Guardianship and how can it be avoided?
Everyone wants to be in control of their own life. They want to make their own financial, personal, and medical decisions. Unfortunately, situations, such as stroke and dementia, arise which prevent people from making decisions for themselves. When this occurs,...
Veteran’s Benefits for Seniors: Special Monthly Pension Benefits
For most people, Veteran's Benefits seem almost mythical. You may have heard of a relative of a friend who was able to receive some assistance to cover medical expenses, but are unsure if you qualify and where to even begin.The Special Monthly Pension benefits provide...