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So far Kentucky Elder Law has created 80 blog entries.

Wills have limits

A will is one of the most basic and essential estate documents. But there are many laws and documents that govern how your assets may be transferred regardless of what is contained in your will. Retirement accounts Usually, the beneficiaries named on 401(k)s, individual retirement accounts and pensions are entitled to those assets despite what [...]

By |2022-01-20T00:47:25-05:00January 20th, 2022|Estate Planning|Comments Off on Wills have limits

Should you talk to your adult children about your estate plan?

It’s not easy to think about your own mortality. And it might be worrying to think about how your loved ones are going to get by once you’re gone. But you can’t let these fears paralyze you into inaction. Instead, you need to take the steps necessary to ensure that you have a sound estate [...]

By |2022-01-11T04:51:22-05:00January 11th, 2022|Estate Planning|Comments Off on Should you talk to your adult children about your estate plan?

Be careful when estate planning in a blended family

Living in a blended family has a number of challenges. You may struggle to build and maintain relationships with your spouse’s children and finding a balance of time sharing with each side of the family can be difficult. But another aspect of a blended family that you can’t overlook is estate planning. The dangers of [...]

By |2022-01-06T07:49:49-05:00January 6th, 2022|Estate Planning|Comments Off on Be careful when estate planning in a blended family

Do you know what a special needs trust can pay for?

A special needs trust can be a great way to provide for a loved one who may need to rely on government programs for support as he or she ages. This is because assets that are placed into a special needs trust do not count toward income limitations for programs such as Medicaid. This means [...]

By |2021-12-22T04:38:37-05:00December 22nd, 2021|Trusts|Comments Off on Do you know what a special needs trust can pay for?

What happens to my debts after I die?

Most people have debt of some kind, and often have questions about what happens to their debt if they die, particularly if they die without a will. It is natural to not want to pass on the burden of your debt to their surviving family members or loved ones. The simplest way to avoid this [...]

By |2021-12-08T11:17:33-05:00December 8th, 2021|Firm News|Comments Off on What happens to my debts after I die?

Ways to upset an estate plan

An estate plan requires time and effort. But there are common mistakes that people make with their plans that upsets their existing estate plan. Leaving gifts and not changing their will People may use their wills to leave cash gifts to relatives or friends. However, many times that gift was already made after the will [...]

By |2021-11-22T07:46:52-05:00November 22nd, 2021|Estate Planning|Comments Off on Ways to upset an estate plan

Estate planning is essential at any age

Many people think that estate planning is only for older and/or wealthy people, but this is not the case. Everyone can benefit from an estate plan. Young people tend not to think about the end of their lives too much if they are healthy. If they are not healthy, their need to plan probably drives [...]

By |2021-11-08T14:32:14-05:00November 8th, 2021|Estate Planning|Comments Off on Estate planning is essential at any age

Do you want to motivate your loved ones after you’re gone?

Are you worried about what’s going to happen to your assets once you’re gone and they’ve been passed on to your loved ones? If so, take comfort knowing that this is a common concern amongst estate planners. These individuals often fear that the lifetime of wealth that they’ve worked hard to build will be squandered [...]

By |2021-10-25T05:46:28-04:00October 25th, 2021|Estate Planning|Comments Off on Do you want to motivate your loved ones after you’re gone?

How important is a will in estate planning?

In this day and age, there are many things happening around the world that can make people hesitant about planning for the future. But when it comes to taking care of your loved ones after you are no longer here, there should be no question about making a plan that they will be able to [...]

By |2021-10-13T08:26:27-04:00October 13th, 2021|Estate Planning|Comments Off on How important is a will in estate planning?

Understanding the eligibility criteria for Medicaid

Most people reading this blog post would know that Medicaid is a program run jointly by the federal and state governments and it is the largest source of healthcare coverage in the country. Per federal law, states must cover certain groups of people who are known as mandatory eligibility groups. In addition, states may cover [...]

By |2021-09-29T05:40:10-04:00September 29th, 2021|Medicaid|Comments Off on Understanding the eligibility criteria for Medicaid
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