Elizabethtown, or “E-town” as it is regionally known, is one of the two largest towns along I-65 between Louisville and Nashville. Located less than 40 minutes from the Louisville International Airport, this charming small town still possesses all of the vibrant attributes of a much larger city. With a population of about 24,000, Elizabethtown is seated in the 4th largest county in Kentucky, Hardin County.
Historical sites in Elizabethtown for visitors to relive the past
The Hardin County History Museum exhibits memorabilia associated with the three Civil War Forts in Hardin County: Fort Sands, Fort Boyle, and Fort Duffield. Interesting memorabilia such as training manuals, photos, and a telegraph dispatch from President Lincoln to Union General Rousseau while stationed at Camp Nevin can be found on display. Camp Nevin was, in fact, a Union training camp to the south of Elizabethtown at Nolin, which numbered 15,000 men and it was the last stopping point for troops bound for southern battles.
Don’t miss Mammoth Cave located less than an hour from Elizabethtown
Less than an hour’s drive from Elizabethtown is the longest known cave system in the world – Mammoth Cave. With in excess of 400 miles of explored cave passages, the cave allows visitors to take tours with wide ranging difficulties – from strenuous to easy. There is even a tour that is perfect for families with small children or the elderly, called the Frozen Niagara. On the other hand, if you crave real adventure, take the physically demanding Wild Cave Tour.
Another highlight on the Kentucky Bourbon Trail
Kentucky’s distilleries have crafted the world’s finest bourbon for more than 200 years. The secret recipes have been passed down through the generations. If you are looking to really experience the culture of Kentucky Bourbon Country, you don’t want to miss a renowned trip through the Kentucky Bourbon Trail or simply a quick stop at your favorite distillery for a tour. If you are unfamiliar, the Kentucky Bourbon Trail features nine of the state’s distilleries, which includes Jim Beam, Maker’s Mark, and Woodford Reserve. All of these distilleries are within driving distance from Elizabethtown.
Why the Elizabethtown Community Needs Estate Planning
In order to ensure that your assets will be protected and distributed according to your wishes at the time of your death, then estate planning is necessary. If you don’t have an appropriate estate plan drafted by a Louisville estate planning attorney, then your family will be left to deal with taxes, expenses and other legal issues. Not having an estate plan also means that the decisions regarding your estate may be left to a judge, instead of you making those decisions for yourself, ahead of time.
The basic benefits of estate planning
If you want to be sure your family will be taken care of in the future and prepared for what happens after you die, you need a plan. Estate planning provides a way to be prepared for unexpected incapacity as well. Planning ahead should be an important goal for everyone, no matter how small you believe your estate may be.
Constructing a plan gives you the advantage of identifying who you want to inherit your property when you die. A plan also helps you to reduce the potential estate taxes, which will ultimately benefit your family. In case you become temporarily or permanently incapacitated, your estate plan can provide the security you and your family will need when you are incapable of making decisions on your own.
Estate planning is not only for the rich
Contrary to popular belief, estate planning is not only for people who have a lot of money or assets. Estate planning actually protects anyone who has anything they want to leave behind for the ones they love. Even the smallest estate should have a plan in order to protect not only the assets but also the beneficiaries who you want to receive them. One of the main reasons to have a plan in place is that most middle class families will have a serious challenge ahead when the family’s breadwinner is no longer there to provide support.
Including asset protection in your plan
Asset protection planning essentially involves strategies to protect your assets from claims made by creditors. This is done by placing them out of reach, but within the bounds of the law. Although citizens are allowed to engage in asset protection, there are also laws that protect creditors from debt avoidance. So, the key is that your asset protection plan must be in place before any legal claims arise or judgments are obtained by creditors. In that way, when you transfer your assets, it will not appear that you are attempting to defraud your creditors.
If you have questions regarding the benefits of having an estate plan or any other estate planning issues, contact Gersh Law Offices, P.S.C. for a complimentary consultation either online or by calling us at (502) 423-7023.