Kentucky Estate Planning And Administration Law Blog
How to encourage your clients to make prompt payments
Being paid on time is important for every business. However, it is especially important for startups and companies that are trying to grow. These businesses may not have the financial capital as a backup for missed payments. In short, a series of missed payments could...
The differences between venture capital and venture debt
If you’re considering starting a new business, you’re likely familiar with venture capital (VC) and firms that provide this capital to entrepreneurs. You may not, however, be as familiar with the term “venture debt.” Both of these methods for getting needed capital...
Tips for choosing an estate executor
People who are creating an estate have to think about several things. While they may be focused on who gets what assets and how to make that happen, they also need to think about how their estate will be handled when they pass away. You must name an estate executor...
The great wealth transfer is underway
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...
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...
How to pick an effective business partner
There are billions of potential business partners out there. While you are unlikely to get the choice of that many, you still have ample options. So, how do you narrow down your search and find the right one? Here are some tips to help you choose: Do you really need...
4 tips for making successful debt collection calls
Calling clients to ask for delayed payments or business debts is not everyone’s typical day in the office. Making debt collection calls is an art that takes time to master and involves effective strategies and techniques. The following are some tips for making...
2 important legal steps for startup companies
Starting a new business is a brave step and it can be very rewarding for business owners both personally and financially. Nonetheless, the reality is that many startups fail within the first year. There are several reasons for this, but sometimes it’s as simple as...
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...
Pros and cons of choosing a similar business partner
If you’re interested in starting a business, doing so with a business partner can be beneficial. They can make your business stronger and more likely to succeed. Of course, choosing the wrong business partner can also make your business less likely to succeed and...