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Kentucky Estate Planning And Administration Law Blog

4 trusts to think about including in your estate plans

On Behalf of Cooper & Cooper Law Offices, PLLC | Jul 28, 2023 | Estate Planning

An estate plan gives you many opportunities to plan out what happens to your estate after your passing. While many people only create a will to instruct who should benefit from their estate, some people create trusts to provide their estates with more security. There...

What occurs during a shareholder freeze-out?

On Behalf of Cooper & Cooper Law Offices, PLLC | Jul 21, 2023 | Business law

Shareholders typically play a very important role at a corporate entity. They invest in the business, which helps the company grow. They also have certain rights that can help influence the direction that the company takes. Shareholders may attend meetings where they...

What’s the best strategy for dissolving a business partnership?

On Behalf of Cooper & Cooper Law Offices, PLLC | Jul 5, 2023 | Business law

In the ever-changing business landscape, partnerships sometimes reach a point where they no longer align with the goals and vision of the involved parties. When this happens, it can become necessary to dissolve the partnership and explore new opportunities that better...

Will you have to pay your parents’ debts during probate?

On Behalf of Cooper & Cooper Law Offices, PLLC | Jun 27, 2023 | Probate

When your parents pass away, they have remaining debt. Maybe you and your siblings discover that they owe a significant amount of money on credit cards, they still have a mortgage on their house and they have other outstanding debts they haven’t paid. This could even...

Farmers have unique estate planning considerations

On Behalf of Cooper & Cooper Law Offices, PLLC | Jun 20, 2023 | Estate Planning

Estate planning is a crucial task for everyone, but it features unique complexities for farmers. In addition to personal assets, farmers must consider many other factors, including land, livestock, equipment and, often, a deeply rooted family legacy. This intricacy is...

Is a living will enough?

On Behalf of Cooper & Cooper Law Offices, PLLC | Jun 14, 2023 | Estate Planning

You could make a living will as part of your estate plan. This is a type of advance directive. It can be used to spell out your medical wishes so that future doctors can see what you want if you become incapacitated and you can’t make those wishes known on your own....

When can creditors call?

On Behalf of Cooper & Cooper Law Offices, PLLC | May 30, 2023 | Debt Collection

When creditors have an outstanding debt, they will certainly attempt to contact that individual when they fail to pay the debt back on time. They may do this by email, by sending a letter in the physical mail or by making a phone call. That being said, there are...

Can a trust help your beneficiaries manage their finances?

On Behalf of Cooper & Cooper Law Offices, PLLC | May 16, 2023 | Estate Planning

If you’re like most people, you’ve probably heard of trusts before, but you might not have given them much thought. At their core, trusts are legal agreements that allow you to transfer assets to a trustee, who will then manage them on behalf of your beneficiaries....

2 solutions for contract violations that affect business operations

On Behalf of Cooper & Cooper Law Offices, PLLC | May 16, 2023 | Business law

Negotiating a business contract is a way to make company operations more predictable. Having employees under contract and vendors bound by agreements to deliver supplies on a specific schedule can help a company more effectively schedule its operations and control its...

Do you have to leave all heirs the same amount?

On Behalf of Cooper & Cooper Law Offices, PLLC | May 11, 2023 | Estate Planning

Heirs often expect to get the same amount of assets from their parents. For instance, maybe you have three children and you’re going to be dividing up $750,000. If the children know that you have this money as part of your estate, it’s likely that they would all...

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