The baby boomer generation has accumulated the largest total amount of wealth in American history. They control roughly $84 trillion. This is causing all sorts of problems for younger generations, but those issues won’t last forever. Naturally, as this generation...
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Estate Planning
3 common mistakes people make regarding their wills
If there is one mistake that too many people make when it comes to estate planning, it is probably procrastination. A shockingly high number of adults do not have any estate plan on record and leave both themselves and their loved ones vulnerable in the event of an...
Why estate planning early is crucial for Kentucky farmers
Kentucky farmers make their living off of the land. Some people become farmers, but many people grow up as farmers. Their parents or grandparents work the land, and they acquire that property from their family members to continue that tradition. Oftentimes, generation...
Choosing the right agent for powers of attorney
Power of attorney documents are among the most valuable inclusions in modern estate plans. Someone's power of attorney paperwork can protect them from receiving inappropriate medical care given their personal wishes. Their documents can also protect them against...
Who pays debts during probate?
Probate is the process of settling a person’s estate, generally using their estate plan to do things like taking an inventory of the assets, sending out copies of the will, and then distributing those assets in accordance with the estate planning documents. When...
Why business succession should be part of your estate plan
Creating your business took time, energy and strategy. You watched it grow and flourish and become the successful company you envisioned. To ensure your legacy continues, it's imperative that you create a succession plan as part of your overall estate planning. What...
3 important roles to address in a thorough estate plan
Estate planning can be a very demanding process. People need to take stock of their current circumstances, including their financial situation and their relationships. Often, the primary focus is on the creation of testamentary documents so that someone's selected...
3 estate planning points for new parents to consider
New parents have a lot of tasks they need to take care of. These include the obvious things like buying diapers and feeding the baby. But, there’s something else they need to think about – setting up their estate plan. There are many things that you need to think...
How can you ask your parents about their estate planning?
You may be concerned that your parents haven’t done their estate planning. It’s very common for people to procrastinate, and the next generation may be worried that there isn’t a plan in place. If something unexpected happens, what can they do? As a result, you may be...
4 Powers of Attorney you might benefit from including in your estate plan
Estate planning can be essential in safeguarding your financial future and better ensuring that your wishes are always respected. To navigate this complex terrain effectively, you must be well-informed about the tools at your disposal. One such tool is a power of...