‘Tis the Season: Giving Gifts

Written by Jim Worthington on November 11, 2018

As the year-end holidays approach, many of us are thinking about giving gifts to our family, friends, charities, and even our employees. Tax law has rules that affect this generosity.

In the tax law, a gift is marked by “detached and disinterested generosity.” The person who makes the gift,…Read More

Domestic Asset Protection Trusts

Written by Jim Worthington on November 7, 2018

DAPTs are trusts established under the laws of a state such as Delaware, Nevada, South Dakota, Tennessee, Ohio, or Alaska that allows self-settled spendthrift trusts. Historically, one could not protect one’s own assets from one’s own creditors by transferring them to a trust. Over the past 20 years, however, a number…Read More

Cybersecurity: Is Client Data Safe?

Written by Jim Worthington on October 14, 2018

October is National Cybersecurity Awareness Month and lawyers should be paying attention to the need to protect their clients’ data. In fact, the Kentucky Bar Association released Ethics Op. E-446 on July 20, 2018, affirming the lawyer’s ethical duty to do so. This opinion follows American Bar Association Formal…Read More

How often should I review my will and the rest of my estate plan?

Written by Jim Worthington on September 30, 2018

Clients often ask how frequently they should review their estate planning documents. The answer varies. One should review them after any major events in a family’s life, such as a birth, marriage, change of employment, retirement, divorce, or death.

After the birth of a child, it is very important to nominate…Read More

What happens in Kentucky if I don’t have a will?

Written by Jim Worthington on September 2, 2018

We’ve learned that the Queen of Soul herself, Aretha Franklin, died without a will. For those of you wondering what that means for her family, the answer to that question depends on where she was a resident when she passed.

This article will answer the question for some hypothetical Kentuckians. The…Read More