Written by Jim Worthington on August 12, 2018
Word is getting around that Kentucky has a new power of attorney law. The new law went into effect on July 14th(the same day that most newly passed Kentucky laws went into effect). Among other things, it requires that Kentucky powers of attorney be witnessed by two disinterested persons. The…Read More
Written by Jim Worthington on April 14, 2018
Subject to Governor Bevin signing it, Kentucky’s partial adoption of the Uniform Power of Attorney Act will become law. It’s passed both houses of the General Assembly. Among other important changes, it no longer requires that powers of attorney state that they survive a person’s incapacity, adds a two-witness requirement…Read More
Written by Jim Worthington on June 2, 2017
Estate planning is more than just having documents. Planning includes arranging your affairs to prevent leaving a mess behind for your family and friends. Here’s a list of questions that must be answered to see if you’re ready.
- Where are your documents? You need to share the location of important…Read More
Written by Jim Worthington on May 24, 2017
Many high school graduates will be 18 years old when they move out of their parents’ home for college or soon after doing so. Do you know what would happen if you needed to help your son or daughter with a bank account after the move? Or, what if you…Read More
Written by Jim Worthington on May 14, 2017
I’ll reluctantly acknowledge that there are some online tools that some people can use to make an acceptable will. But, there are many people for whom these services will never be suitable. Use the linked flowchart below to see which group you’re in. If it turns out you might be a candidate…Read More
Written by Jim Worthington on May 10, 2017
Your family can start the next school year with a current estate plan.
If you are one of the many Americans without an up to date estate plan, why not make this the summer to change that? Why would you do this in the summer? Isn’t summer about travel…Read More
Written by Jim Worthington on April 30, 2017
Putting your affairs in order for retirement is a perfect reason to have a living or revocable trust. The ideas in this post also work if you have been diagnosed with an illness that will weaken your mind or body. Either way, taking these steps will simplify your financial life…Read More
Written by Jim Worthington on April 27, 2017
- don’t have kids under 18 or other special needs beneficiaries,
- don’t own property in more than one state, and
- don’t have a particular reason to keep your will private,
you don’t need a living or revocable trust.
This advice may be different than what you’ve read elsewhere on the internet….Read More
Written by Jim Worthington on January 9, 2017
As I’m starting out the new year, I want to give a shout out to my friend and coach, Stacey Vicari. Stacey’s business and life consulting practice, Ideal Life, has been invaluable for me to keep on track. (I’m certainly not saying I don’t have work to do, but Stacey is the voice…Read More
Written by Jim Worthington on May 12, 2016
I’m happy to announce that I was elected chair of the Kentucky Bar Association’s Probate & Trust Section for the 2016-2017 year. I look forward to working with the section’s many members and continuing the long tradition of excellent presentations. Look for more news in the near future.