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Using a Spendthrift Trust in your Inheritance Planning

September 22, 2017Elder Law, Estate Planning, Events, Family-Owned Businesses and Farms, Financial Planning, Legal Education, LGBT Planning, News, Probate, Retirement Planning, Special Needs Planning, Tips and Help Getting Started, Tips and Help Getting Started, Trust Administration & Probate, Uncategorized

inheritance planning attorney

More likely than not, you are already familiar with trusts. They are agreements between a trustee and the person making the trust (the grantor) that is based on trust and confidence. In creating a trust, you must first draft a trust agreement that will provide the trustee with the authority needed to manage the trust assets and distribute them to the named beneficiaries. These actions are taken only in accordance with the terms of the trust document. A spendthrift trust is just a special type of … [Read more...]

The Difference Between a Living Trust and a Durable Power of Attorney

September 20, 2017Elder Law, Estate Planning, Events, Family-Owned Businesses and Farms, Financial Planning, Legal Education, LGBT Planning, News, Probate, Retirement Planning, Special Needs Planning, Tips and Help Getting Started, Tips and Help Getting Started, Trust Administration & Probate, Uncategorized

living trust lawyers

There are many different estate planning options, all of which can help you achieve your goals in preparing for the future. A living trust and a durable power of attorney are two common examples. Clients are often confused as to the difference between the two estate planning tools. Let our living trust lawyers explain the similarities and differences between a living trust and a durable power of attorney.What is a Living Trust?A "living trust" is a particular type of trust that goes into … [Read more...]

Louisville Inheritance Planning and Taxes

September 18, 2017Elder Law, Estate Planning, Events, Family-Owned Businesses and Farms, Financial Planning, Legal Education, LGBT Planning, News, Probate, Retirement Planning, Special Needs Planning, Tips and Help Getting Started, Tips and Help Getting Started, Trust Administration & Probate, Uncategorized

Louisville inheritance planning

Even though you may be receiving an unexpected inheritance, you may still have some valid concerns about what that means.  The primary concern is whether you will be forced to pay taxes on that inheritance.  Whether you will be required to pay inheritance tax depends on the applicable state law.  Kentucky inheritance tax is something you will be required to pay.  Here is what you need to know about Louisville inheritance planning and taxes.What is an inheritance tax?An “inheritance tax” is … [Read more...]

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I have been a client of Gersh Law Offices since 2005. I can’t say enough good things about them. Absolutely first rate! Thanks to the team, my estate and trusts are set up and my family won’t have to deal with an unorganized mess when I am gone.

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