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Individuals with a serious intellectual and/or physical disability typically receive federal benefits, including Medicaid and SSI, which have strict asset and income limits. To protect their assets and maintain a high quality of life, specific parties can petition the...
Probate is the legal process of settling a deceased person's estate, involving paying outstanding debts and distributing assets. All estates in Kentucky worth over $15,000 must go through probate. However, if your estate exceeds the state's threshold amount, these...
It is important that they take steps to establish a will or trust. Some special considerations may need to go into coordinating an estate plan for a blended family. Planning ahead enables family members to avoid several potential negative ramifications of probate. It...
Over the years, you may have accumulated significant assets. Even if you only have modest holdings, you want to protect them as well as you can. Trusts can provide you with asset protection. However, depending on your circumstances, you might also consider creating a...
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 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...
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...
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...
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...
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...