Serving as someone’s agent under a power of attorney, personal representative of their estate, or even trustee—all of whom are fiduciaries— means taking charge of all their property. That includes bank accounts, investment accounts, retirement accounts, and residences. Whether these fiduciaries knew it or not, that property has also included…Read More
The Kentucky General Assembly’s 2020 session led to several new laws that affect trust and estate planning and administration. It’s time to look at how those changes will affect us since the chapter on this year’s legislation is closed; the 2020 Regular Session ended by adjourning sine die on April…Read More
I drove home from my office on Friday, March 13, 2020, knowing that schools and courts were closing due to concerns about the coronavirus. I remember calling a financial advisor that day to suggest that we postpone our business lunch for two weeks. We both thought that surely things would…Read More
Kentucky Supreme Court Chief Justice Minton announced that Kentucky courts would be closed to most in-person services through Sunday, May 31, 2020.
North Carolina Supreme Court Chief Justice Beasley issued an order on April 13, 2020 granting an automatic extension until the close…Read More
On Monday, March 30, 2020, Governor Andy Beshear signed HB 150 to provide a variety of relief during the COVID-19 state of emergency. Section 1(11) of that Bill allows for remote signing and notarization in Kentucky. “Notwithstanding any state law to the contrary,” it is effective…Read More
Three big changes to Kentucky power of attorney law will take effect sometime this summer because Kentucky has adopted the parts of the Uniform Power of Attorney Act that it did not adopt when the law last changed in 2018. (Click here for an article about…Read More
On Thursday, March 26, 2020, the Kentucky Supreme Court extended the court closings two more weeks. Courts will be open for very few cases through Friday, April 24, 2020. The details are in the order, which is linked here.
Worthington Law Firm will be working remotely as long as #healthyathome is the Commonwealth’s policy and law. We expect that the decision to change that will be driven by data and expert recommendations. We will be available to meet for document signings. For those meetings, we’ll follow the CDC’s recommendations…Read More
Chief Justice Minton has issued an emergency order, AdminOrder2020-08ReCOVID-19Emergency, cancelling in-person court appearances for most matters. The order is effective from March 16, 2020 through April 10, 2020. Based on phone calls I’ve made, the circuit court clerks and chief district and circuit court judges will…Read More
A new law that has important financial and estate planning implications takes effect January 1, 2020. Everyone will need to review their planning but it particularly means that parents who have trusts for minor or young adult children should review and possibly amend their estate plans very soon. Doing so…Read More