You may have been told that avoiding probate should be the number one priority of your estate plan. Whether it is a top priority or not, there are several things you need to know about the Kentucky probate process in order to have any chance at avoiding it. Probate avoidance can be a goal of estate planning if you do it the right way. The purpose of the Kentucky probate process The estate of the deceased must go through probate so that the property can finally be transferred to the intended … [Read more...] about Ways to avoid the Kentucky Probate Process
Important Living Trust Benefits of Which You Should Take Advantage
As with all other available estate planning tools, living trust benefits are far-reaching. Living trusts provide effective probate avoidance from which every estate can benefit. Many clients would prefer to avoid the long, expensive probate process, which a living trust can accomplish, while allowing you, the grantor, to continue to control your property. Here are some of the most important living trust benefits. First, what is a living trust? A “living trust” is a complete will substitute … [Read more...] about Important Living Trust Benefits of Which You Should Take Advantage
Cochran Gersh Law Office Scored Big in the 2016 Bridgehaven Golf Challenge
June 13, 2016 was a big day for golfers in Louisville, Kentucky, but an even bigger day for the many people who receive rehabilitation and recovery services from Bridgehaven Mental Health Services. Cochran Gersh Law Office participated in this special fundraising event and exceeded its goal with the help of many wonderful sponsors. Supporting individuals with special needs and their families is something Cochran Gersh Law Office takes very seriously. The 2016 Bridgehaven Golf Challenge The … [Read more...] about Cochran Gersh Law Office Scored Big in the 2016 Bridgehaven Golf Challenge
All You Need to Know about a Special Needs Trust
Trusts are key estate planning tools because they provide a trust account that can hold money and other assets for your beneficiaries, to be used when and how you instruct in your trust document. This is an especially useful arrangement if you have a loved one with special needs. In fact, there is a particular type of trust referred to as a special needs trust created specifically for that purpose. This article will give you basic information about special needs trusts, what they are, how they … [Read more...] about All You Need to Know about a Special Needs Trust
The Dangers of Using a DIY Will
If you are considering drafting your own will maybe you shouldn't. Certainly, do-it-yourself estate planning products like wills and powers of attorney have become more readily available. However, an inexpensive, computer generated DIY will cannot compare to a professional drafted legal document. Even if the DIY will you purchase may appear to be professional, there are always certain dangers in using DIY products. The risk is that it may not work the way you expect or it may even be … [Read more...] about The Dangers of Using a DIY Will