No one likes to think about the possibility of their own disability or the disability of a loved one. However, as we'll see below, the statistics are clear that we should all plan for at least a temporary disability. Disability planning is one area where we can give each and every person and family … [Read more...] about Planning for Disability – The Good, The Bad and The Necessary
What is a Revocable Living Trust? A Revocable Living Trust is a written agreement which creates a trust and contains provisions for the management and distribution of your property. The agreement gives you the power to … [Read more...] about ESTATE PLANNING WITH A REVOCABLE LIVING TRUST
Undue Influence is when someone pressures another in such a way that the person being influenced is not acting by their own free will; they are being coerced into taking a certain action. Undue influence often arises when a friend or family member falls ill. For example, mom has been … [Read more...] about What is Undue Influence?
We have all heard the horror stories of someone badly injured in a car wreck by a person with minimal insurance or none at all. As the victim’s medical bills mount, the negligent party’s state minimum insurance policy is quickly exhausted leaving the victim on the hook for the balance. To avoid this … [Read more...] about UNINSURED AND UNDERINSURED MOTORISTS
Kentucky drivers are required by law to carry car insurance, and to meet the state requirements, drivers must have at least bodily injury liability insurance and property damage insurance. Kentucky law requires these coverage types at the following minimums: $25,000 for bodily injury, per … [Read more...] about KENTUCKY NO-FAULT LAW (AND WHAT IT MEANS IF YOU HAVE BEEN INJURED)
Most of us have heard of Defamation or Slander or used the words, but people don’t know legal nuances of what these words mean. There are varying types of defamation and slander that differ from one another. Merriam-Webster defines defamation as “the act of communicating false statements about … [Read more...] about Defamation, what is it?
We plan to go on vacation. We plan to have dinner with friends. But when it comes to planning for how we will be taken care of as we advance in age, many of us prefer not to think about it, believing it will somehow all work out. Unfortunately, when it comes to long term care … [Read more...] about The Importance of Planning Ahead
If you are a real estate investor and frequently buy and sell real estate, you must know about §1031 exchanges. A transaction structured as a §1031 exchange can defer taxable gains on certain real estate sales. Sometimes referred to as like-kind exchanges, a §1031 exchange allows a person to sell … [Read more...] about Buy and Sell Real Estate? You Must Know About 1031 Exchanges
In general, an uncontested divorce is a better option than a contested divorce so long as there is not a disparity of power or abuse in the relationship. Uncontested divorce requires that both parties want a divorce and are also in agreement as to the resulting issues. Both parties must agree to the … [Read more...] about The Benefits of an Uncontested Divorce