Creative Solutions For Your Kentucky Families Seeking Legal Security
When someone owes a significant amount of money to another party, various tactics may be used to collect the balance. It often begins with simply contacting the debtor to inform them of the issue—perhaps the debt was merely overlooked or forgotten, and they will pay...
Starting a business comes with a significant degree of risk. A substantial percentage of new businesses fail in the first five years. Even companies with unique offerings can be vulnerable due to litigation or sudden changes in operational costs. Aspiring...
One of the things you need to do when estate planning is to name a health care surrogate. This is someone who will make health care decisions on your behalf if you lose your ability to decide for yourself. They will follow the instructions included in your living will...
It’s not uncommon for a testator to make several copies of their will and put them in the hands of loved ones for safekeeping. However, that original document is the one that ultimately needs to be submitted to the probate court. What happens if you can’t find it?...
Simply putting personal wishes in writing isn't enough to create an estate plan. Testators have to ensure that their documents comply with state law and that their loved ones know where to find their documents after they die. Some people write their own wills by hand,...
It’s important not to neglect your estate plan. Simply drafting a will and other estate planning documents is a great first step, and the earlier you do it, the better. Many people put it off, waiting until retirement or until they gather more financial assets....
Unpaid invoices can quickly spiral into a huge financial crisis. You could send payment reminders over and over, make collection calls or even withhold goods and services. However, these techniques are not always effective. At this point, filing a debt collection...
The personal representative or executor of a Kentucky estate has many responsibilities to fulfill. They must secure and properly manage estate resources until they liquidate or distribute them. They need to communicate with those who have an interest in the estate,...
If you are a parent about to make your estate plan, you might be wondering whether you should split things evenly between your children. One recent report found that this is what two-thirds of parents do. While this is what the majority of parents do, you are under no...
When your parents pass away, you know that you may inherit their assets. The estate plan will help to determine how these should be divided. For instance, if your parents pass away with $10,000 in a bank account, they may instruct that you split it between yourself...