The thought of retirement planning may be stressful, especially when it comes to making sure you have sufficient savings or income to have a comfortable retirement. Many clients are confused and concerned about when they should start saving and which method is the best for doing so. These are all reasonable concerns, but they should not be discouraged. With the help of your estate planning attorney, you can reach all of your retirement goals. But first, you need to be aware of these five … [Read more...] about Mistakes to Avoid in Retirement Planning
Planning Your Retirement with an IRA
If you have not started on your retirement plan, it isn’t too late to start. The misconception that you can rely solely on your Social Security benefits when you get ready to retire could leave you with insufficient financial resources and a less than comfortable retirement. You need to have a plan in place that you can trust will meet your future needs. Retirement planning can take many shapes. Individual Retirement Accounts are one great way to start your plan. How an Individual … [Read more...] about Planning Your Retirement with an IRA
Mistakes to Avoid in Kentucky Trust Administration
Being asked to serve as the trustee of someone's trust is an important responsibility. The role of the trustee is a key part of successful Kentucky trust administration. As trustee, you are the person responsible for making sure the provisions of the trust document are followed. Essentially, the trustee is the one who is ultimately responsible for managing the trust property and keeping accurate records of all transactions made in relation to the trust. Here are four common mistakes you … [Read more...] about Mistakes to Avoid in Kentucky Trust Administration
The Need for a Healthcare Power of Attorney
A property power of attorney can be a very helpful estate planning tool because it provides a way for you to select a person you trust to manage your affairs if you are unable to do so. As the principal, or creator of the power of attorney, you have the authority to choose who you want to act on your behalf as your “agent” or “attorney-in-fact.” A durable healthcare power of attorney is probably the best option when it comes to making healthcare decisions should you become incapacitated. The … [Read more...] about The Need for a Healthcare Power of Attorney
A Family Trust isn’t only for the Wealthy
Estate Planning is necessary for everyone regardless of economic status. If you have been fortunate enough to create a strong financial base for you and your family, it is even more important that you plan ahead for your family’s future. Family wealth planning allows you to determine ahead of time exactly how you want your legacy passed on. If you don't, your family may not benefit from your hard work in the end. One way to accomplish this is through a family trust. What is legacy planning … [Read more...] about A Family Trust isn’t only for the Wealthy
