Kentucky is a great place to live, but the roads can often be difficult to navigate. Elizabethtown has many major routes passing in and around it, like Interstate 65 and U.S. Highway 62. The reality is that these busy roads bring in traffic from all over the state as...
Better Solutions For Your Family, Future And Finances.
Year: 2021
Can you collect from heirs if a client passes away?
If you have a client or customer who owes you money, and they pass away, you might consider contacting their heirs to ask them to pay back the debt. You are sorry for their loss, but you could still be looking at thousands of dollars in debt that needs to be repaid,...
Consider these factors when enlisting a new business partner
Although you may have done much of the groundwork on your own, there will probably come a time where you need some help with growing your business. There are numerous options open to you at this point, including seeking out a new business partner. Choosing the right...
What is the biggest personal risk you take as an executor?
The executor or personal representative of an estate has a lot of responsibilities. They manage the entire process, communicate with the probate courts and distribute property to beneficiaries. In addition to having a lot of personal responsibility, the executor of an...
Bringing up estate planning with your elderly mom and dad
There are some topics that are hard to tackle with your folks in Kentucky no matter how solid your relationship may be. One of those topics is estate planning. They may not realize how important it is to make arrangements for the distribution of their assets...
When can a will be rendered invalid in Kentucky?
A will is a legal document that speaks for you after your passing. It communicates how you wish to have your property distributed. It also names a guardian for your children if you pass on before they become adults. You can also use your will to leave specific...
Have you acted to protect your farmland for generations to come?
Many farmers believe that their profession is in their blood. They may have grown up on a farm or may have lived their whole life with a strong attraction to working outside. Whether you engage in crop production or animal husbandry, the farm where you work is likely...
How a lien helps you collect on a debt
Collecting on a past-due debt isn't easy. People who don't want to pay their debts may take extreme measures to avoid financial responsibility. They might quit a job after the court applies a garnishment to their wages. They might cancel their phone service and move...
Top reasons for contract disputes
One of the main reasons to use a contract is to avoid a dispute by getting all of the details in writing. It also provides some level of guarantee that goods or services will be rendered, or that an employee or business partner will act in a certain way. ...
Understanding your fiduciary duty as the executor of an estate
As someone's executor or personal representative, it is your job to manage the probate process and settle their unresolved business. You will need to file taxes, pay debts and distribute assets to family members. You do all of that while bound by a fiduciary duty to...