To many people, estate planning seems like an activity that is reserved for the rich. While those with significant assets certainly need a strong estate plan, the protections provided by estate planning tools can benefit everyone, including farmers. If you own and...
Better Solutions For Your Family, Future And Finances.
Month: July 2020
3 steps to estate planning with the family in mind
When designing an estate plan, parents usually draft their wills and life insurance policies to extend a benefit to their children upon death. Over time, as their children eventually have families of their own, parents often revisit these plans to make adjustments...
Equal distribution among children isn’t always the best estate planning advice
Parents often bend over backwards to treat their children equally so as not to imply that one child is favored over any other. This is particularly true when parents make estate planning decisions – specifically, how their assets will be divided when they die....
4 estate planning mistakes to avoid
While just about everyone could benefit from having an estate plan, very few people do or even know where to start. The right estate plan will protect your assets and loved ones in the event of your death. However, any errors in your plan could leave your family in a...
Encountering the tidal wave of business bankruptcies
The business impacts of the COVID-19 pandemic have been both broad and deep across the country and globally. Many small businesses in the U.S. were unable to secure funds from the federal government through the Paycheck Protection Program and are waiting to see...
Who is in charge of settling an estate?
After a person dies, all their remaining assets and debts become known as their estate. If the deceased left behind a will, the will provides instructions on who should receive the person's property, and it will probably appoint a personal representative who is to be...
What happens when a person dies without a will in Kentucky?
Families understand the importance of a will. A comprehensive will allows a person (the decedent) a final goodbye, provides instructions for funeral arrangements and outlines how they want the probate court to divide their estate among heirs. A person loses out on...
How should parents split the inheritance among their children?
Most parents understand the value of a well-crafted estate plan. These legal documents help families process death and come together during a challenging time. A thorough estate plan helps reassure families, letting them know that, even in death, their parents are...