This sixth article focuses on how taxes should be considered in planning an estate. This is part of a series of blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs.When planning, taxes are an important consideration. Of course, that does not mean they are the only consideration, or even the most important consideration. That’s the reason taxes appear as the final estate planning consideration on the list. Taxes really break down into … [Read more...]
Estate Planning Considerations – Beneficiary Designations
This article focuses on beneficiary designations and the need for coordinating them with the overall plan. This is part of a series of blogs on important estate planning considerations. I’ll intersperse these blogs with other timely blogs.The first article in the series showed how an estate plan prepares one for incapacity during life and not just for the distribution of assets at death. The second article in the series focused on how an estate plan should take into consideration the … [Read more...]
Last Will and Testament 101
Estate Planning: Last Will and Testament 101I hear people all the time say why do I need a last will; it’s all going to go to my spouse anyway. Then I tell them the following story. I recently ran into an old friend whose spouse had passed away unexpectedly. She soon found out that her spouse did not have a will. She assumed that because they were married, everything would go to her when her spouse passed. Boy was she wrong. When a Kentucky married resident dies without a will, their … [Read more...]
Planning for the Unexpected
Estate Planning is not just for people you consider "old"; it is for everyone. Take Charlotte Fox for example. She was one of the most famous mount climbers ever, who fell down her stairs at home. Are you planning for the unexpected? This article looks at the elements of a basic plan.Planning for the UnexpectedJune 6, 2018 by Steve Hartnett 0 CommentsCharlotte Fox was an adventurous woman. She was a serious mountain climber and reached the summit of some of the world’s … [Read more...]
Life Changes
Life changes...Heraclitus said, “The only thing that is constant is CHANGE.” As our children create new chapters in their lives and we begin new phases of ours, we look upon these milestones years later and remember life’s changes. As Christina’s children, Ethan and Ella, get ready to go to new schools, Windy’s child, Abigail, embarks on a new journey as she faces school for the first time. Life is constant change.We will all face changes and transitions as we travel through life: going to … [Read more...]
