When you’re doing your estate planning, you may decide to pick a guardian for your children. This is a common tactic for relatively young couples who may be new parents and who are thinking of estate planning as something that can protect their children, not just pass...
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Estate planning
3 liabilities that can decimate what you leave for loved ones
You want your legacy or lasting impact on others to be positive. Between your assets and your life insurance, you may anticipate leaving a significant inheritance or potentially making a substantial contribution to a charitable cause. Sadly, the reality of estate...
3 ways to handle your home in your Kentucky estate plan
Passing on your property to loved ones is one of the reasons people create an estate plan. Testators want to protect their spouses, children or other dependent family members from financial stress or hardship after they die. Few pieces of property will be as valuable...
2 common reasons to add a trust to your estate plan
Many people have an estate plan that includes their will and perhaps information about a pre-purchased burial plot. Other people may include advance directives explaining their medical preferences or powers of attorney that give someone else financial authority if...
Here are the essential components of a smart estate plan
Contrary to popular belief, estate planning is not just for the rich and famous. When it comes to estate planning, the decision on who will inherit your assets when you are gone is an enormous one. With a solid estate plan in place, you will have peace of mind knowing...
Avoid common estate planning mistakes
Estate planning serves a number of important purposes, from financially supporting loved ones to communicating wishes regarding medical treatment. If you want to get the most out of your estate plan, here are a few common mistakes to avoid. Not being clear enough One...
What happens to sentimental items in someone’s estate?
An estate plan typically addresses the most major, valuable assets that a person has. It instructs the heirs on what to do with the house, for instance, or a vacation home. They learn how to split up investments, cash and other financial assets. But what about all of...
Challenging a will is possible in some cases
When a person writes a will, it’s meant to reflect their wishes. Unfortunately, there are some instances in which this might not happen. Challenging a will is possible if there is a valid reason to believe that those wishes weren’t accurately reflected in the...
Passing your guns to your heirs could be trickier than you realize
You’ve always loved fine weapons, and you have a few that you definitely want to pass down to your heirs. Maybe there’s even a pistol or a rifle in your collection that was handed down to you. But times have changed. You can’t easily pass firearms down to your heirs...
Who will care for your finances if you are incapacitated?
When you’re creating an estate plan, you may be focused on what you’re going to do with your assets. But, there’s another consideration you need to think about when you’re getting things together. This is who will pay your bills and care for your financial matters if...