Marriages fall apart for many reasons, but when yours ends, you may find yourself navigating residential, custody and other major changes. When you have so much going on, it may not occur to you to update your estate plan. However, failing to do so may lead to trouble...
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What if you die without a will?
On Behalf of Foreman Watson Holtrey, LLP | Mar 30, 2020 | Estate Planning
Writing out your will can be a stressful process due to the fact that you do not want your decisions regarding your estate to cause discord amongst your heirs once you are gone. Some in Owensboro might even try to tell you to bypass the process altogether and instead...
Where you keep estate documents is important
On Behalf of Foreman Watson Holtrey, LLP | Jan 22, 2020 | Estate Planning
You may have completed vital estate planning and life planning documents, including your last will and testament, your power of attorney document, and a health care directive. Where you place these documents, however, may cause problems if your heirs or family members...
Why do new parents need an estate plan?
On Behalf of Foreman Watson Holtrey, LLP | Jan 21, 2020 | Estate Planning
Nothing surpasses the joy you feel when you bring your new child home for the first time. Whether (s)he came to you through birth or adoption, becoming a new parent changes everything. You may not realize, however, that your estate plan is one of the most important...
Will Medicare pay for long-term care?
On Behalf of Foreman Watson Holtrey, LLP | Oct 7, 2019 | Estate Planning
Americans are living longer than ever these days, and seniors in Kentucky are no exception to this rule. While a longer life span is of interest to almost everybody, it is also important to think about the realities of your golden years. That is, many people will...
Two documents that belong in a good estate plan
On Behalf of Foreman Watson Holtrey, LLP | Aug 26, 2019 | Estate Planning
A Kentucky estate plan is not just about what happens to individuals’ assets when they die; it should also be about what happens to them and their assets if they become incapacitated. These are the primary concerns of the estate planning tools known as power of...
Estate planning: Consider planning for minor children
On Behalf of Foreman Watson Holtrey, LLP | Jun 12, 2019 | Estate Planning, Firm News
Once you have children, your focus shifts from you to them. While new parents make many plans for their kids, one plan might not have been considered yet - an estate plan. You need to think about what you want to happen with your children when you pass away so that...
Changes in circumstances that should start an estate plan review
On Behalf of Foreman Watson Holtrey, LLP | Mar 11, 2019 | Estate Planning, Firm News
One concern that some individuals have when they are creating an estate plan is what will happen if things change with their situation. The good news is that with the exception of an irrevocable trust, it is fairly easy to change the estate plan as necessary. Whether...
Including charities in your estate plan should be done early
On Behalf of Foreman Watson Holtrey, LLP | Dec 20, 2018 | Estate Planning, Firm News
Many people focus on what they want to leave to their family members when they pass away. This is a good thing to do, but there are some individuals who look at other options for their estate. Sometimes, the person might want to hand some money or assets over to a...
Customize your estate plan to meet your goals
On Behalf of Foreman Watson Holtrey, LLP | Oct 23, 2018 | Estate Planning, Firm News
Creating an estate plan can be a challenge for many people. This isn't because it is a hard thing to do. It is because it can be difficult to decide who gets what. You don't want your heirs to think that you are favoring one person over another, but you want to make...
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