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Estate Planning

Have you acted to protect your farmland for generations to come?

On Behalf of Cooper & Cooper Law Offices, PLLC | Oct 22, 2021 | Estate Planning

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...

Will your children’s marriages affect your family farm?

On Behalf of Cooper & Cooper Law Offices, PLLC | Sep 21, 2021 | Estate Planning

Whether you bought your acreage yourself or inherited it as a third-generation farmer, your farmland property represents your family's financial future and its heritage. You have likely invested substantially in the maintenance and improvement of your farmland and...

Why doesn’t everyone have an estate plan?

On Behalf of Cooper & Cooper Law Offices, PLLC | Aug 27, 2021 | Estate Planning

Almost everyone has assets to pass on. You don’t have to be rich to think about how you will transfer those assets to your children. Estate planning also gives you the chance to think about medical decisions, long-term care needs, and other health-related issues....

What to expect if you are the executor of someone’s estate

On Behalf of Cooper & Cooper Law Offices, PLLC | Jul 30, 2021 | Estate Planning

Being named as the executor (sometimes referred to as a personal representative) of someone’s estate in Kentucky or elsewhere can certainly be considered an honor. It typically goes to someone who is reliable, trustworthy, has integrity and is adept at dealing with...

3 reasons to use a trust for your grandchildren’s inheritance

On Behalf of Cooper & Cooper Law Offices, PLLC | Jul 20, 2021 | Estate Planning

Grandchildren can provide a lot of joy and happiness in your golden years. If there is anything more powerful and affirming than watching your children succeed, it is watching your grandchildren develop into their own unique people. You may want to give each of your...

Choosing more than one guardian is an option in your estate plan

On Behalf of Cooper & Cooper Law Offices, PLLC | May 28, 2021 | Estate Planning

If you have a child, then it’s a good idea to have a minor guardianship. This legal guardianship should be established to make sure that your child will have a guardian in the case that you can no longer care for them or pass away. Usually, in two-parent households,...

A business succession plan is crucial to good estate planning

On Behalf of Cooper & Cooper Law Offices, PLLC | May 5, 2021 | Estate Planning

You might be feeling a sense of relief after completing your will, powers of attorney, advanced life directives and other instruments of estate planning. However, if you are the owner of a company or small business, you will be remiss in your duties without first...

Estate planning during pregnancy

On Behalf of Cooper & Cooper Law Offices, PLLC | Mar 30, 2021 | Estate Planning

Pregnancy is a magical time for you and your partner. You can enjoy the anticipation of meeting your newborn child, and prepare for an exciting future. However, you'll also likely have some fears about the future along with hope and excitement. You may start to find...

Why should you have a trust in addition to a will?

On Behalf of Cooper & Cooper Law Offices, PLLC | Mar 26, 2021 | Estate Planning

If you want to keep your estate planning simple, you might be considering just having a will. You’re familiar with trusts, but you think they’re only for very wealthy people or those with complicated family situations. Why spend the time and money creating a trust?...

You can plan to protect your farmland from creditors and taxes

On Behalf of Cooper & Cooper Law Offices, PLLC | Feb 9, 2021 | Estate Planning

As a farmer, your land is your most valuable possession. While farm machinery is also quite valuable, it is worthless without property. Whether you are the third generation of your family to work this land or are the first member of your family with a passion for...

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