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.
Written by Jim Worthington on April 28, 2016
For an article about some of the difficulties that will be associated with Prince’s estate administration, see this Slate article.
Written by Jim Worthington on April 27, 2016
News reports have surfaced that Prince died without a will. I don’t want to say too much too soon but here’s an interesting question. Prince had some very particular ideas about how to manage his artistic repertoire. A will or trust would have provided an opportunity for him to…Read More
Written by Jim Worthington on April 9, 2016
The Estate of Sarah D. Holliday Tax Court case mentioned briefly last month was a win for the IRS but hasn’t generated much buzz in the estate planning community. Essentially, the Tax Court held that the late Ms. Holliday’s family limited partnership was nothing more than an estate…Read More