All too often, a person dies without a will. Let’s face it, it’s not fun to think about dying. No matter what your age, it’s easy to put off formal planning for all the things that will need to happen after your death. But not making a will can make…Read More
Kentucky estate planners are busy this summer learning about several pieces of legislation that the General Assembly passed, all of which became effective on July 15, 2020. Lawyers and other advisors will be incorporating these new laws into our advice to clients. These new laws are fairly technical and each…Read More
You may think you want to condition your agent’s authority on a medical professional saying you are incapacitated, which means you are unable to manage your property or business affairs. Read More
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.