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
What steps do you need to take? Write your business plan.Figure out funding for your business.Choose a business structure.Choose your business name.Register your business.Get federal and state tax IDs.Apply for licenses and permits.Open a business bank … [Read more...] about Is your New Year plan to finally start that new business?
By: Dustin Humphrey How do you prepare for the future? Do you need a will or a trust? There are so many options these days it can often become overwhelming. Our team at Skeeters, Bennett, Wilson and Humphrey wants to provide you with a basic breakdown between these two common estate-planning … [Read more...] about Wills vs. Trusts: What is the Difference?
As a property owner, it is important to understand the government’s power over that property and your legal rights as an owner. Eminent domain, often called condemnation, is generally identified as the power of the Commonwealth of Kentucky to take private property for a public use without the … [Read more...] about Eminent Domain: What Every Property Owner Should Know
By: Terry Bennett When most people consider estate planning, they usually think about what will happen after their death. Unfortunately, many underestimate the need to prepare for their risk of disability. While a will does not take effect until death, a General Durable Power of Attorney protects … [Read more...] about Preparing for the Risk of Disability