In descending order, by date published.
Unless you have made other provisions, such as a trust, your will is the way to make certain that your property is transferred or disposed of according to your wishes. Your will is also the document that allows you to designate who will be responsible for seeing that your wishes are carried out. This person is known as the executor of your estate. If you fail to make a will or some other legal document for the transfer of your property, Kentucky law will determine how your assets are transferred.
A trust is a legal entity that a person creates. It can be a flexible and useful tool in estate planning and can be designed in a variety of ways. A trust provides financial benefits for people and/or organizations designated in the trust document. The document also provides the details and instructions for the trust. The trust document should be written by a professional who has experience in writing trusts and who is familiar with current trust laws. The tax consequences of trusts should also be considered; trusts do not save money for your estate in all situations.
When a person dies, the value of his or her estate is subject to federal estate taxes. Estate taxes must be paid before the executor can transfer ownership of the property to the heirs. A professional accountant or attorney who specializes in estate planning can help you calculate your potential estate tax.
There are only three basic steps to settling an estate. But working on each step requires time and patience. Settling an estate is done in these three steps: 1. File a petition to probate the will and appoint the executor or fiduciary. 2. File an inventory of the estate. 3. Submit a final accounting of the estate's affairs.
Before you see an estate planning professional, do your homework. It will save you time and money if you prepare your legal documents ahead of time, and when your estate is settled. Take time now to put your estate planning information together in three-ring notebooks or folders. Clearly label everything, and let your family or executor know where to find the information at the time of your death. Keeping this information together will also make it easier for you to review it on a regular basis.
A glossary of estate planning terms.
With so much vital information stored online, the nature of estate planning has changed. Although you may still have many important documents in paper format, it is likely that much of your financial documents are digitized. It may seem obvious that important digital information such as online bank accounts should be addressed in estate planning, but other kinds of digital assets such as social media accounts, text messages, or even pictures stored in the cloud may have sentimental value for your loved ones. Email accounts and online retail accounts may house critical personal information that you may wish securely kept. Unfortunately, planning for these kinds of assets is typically neglected by individuals and their advisors. In order to ensure the safety and security of this kind of digital information, you will want to create a digital estate plan.
Many people fail to make plans to transfer their property and possessions at the time of their death. Some people think such plans are only for the rich. Other people think that they can plan for the transfer later and then never take time to do it. Some people think they do not need estate planning and that everything will be all right for their families when they die.
Attorneys who specialize in estate planning are the most likely legal professionals to be up-to-date on state and federal laws related to wills, trusts, and taxes. Choose one with estate planning experience to help assure that your plans are carried out correctly. If you are considering establishing a trust, choose an attorney who also has experience in writing trusts.
The term financial planner is appearing with increasing frequency in advertisements (including unsolicited mail and social media) and news articles. The alphabet soup of financial planning credentials may lead you to believe that someone is a financial planner when in fact he or she is not. Some people who call themselves financial planners are nothing more than salespeople for stocks, tax shelters, insurance, and other investments and have no special training in financial planning. It is important to do your research before hiring someone to advise you financially, or to allocate or invest your financial assets.
So you've heard how blackberries are good for your health. Growing blackberry bushes as a garden project can be quite rewarding, especially if you do it as a group. Your local Cooperative Extension Office or non-profit organization may have the perfect place for planting the bushes where berries can be shared with an identified community. With a little sunshine and good drainage, the right variety, and proper blackberry plant care, a group can work towards a successful harvest.
Blackberries are fresh and in season during the mid summer months. But this does not mean you cannot eat them year round. In addition to buying frozen berries during the winter months, you can also plan ahead and freeze your berries when they're in season. Frozen berries are just as healthy and easy to use as fresh.
Pollution in the environment cannot always be avoided. However, eating for good health may help reduce the effects of pollution in the body. Choosing more nutritious foods, such as those high in phytonutrients, may reduce oxidative stress and protect the body from the negative health effects of pollution.
Individuals and families are planning leisure trips to destinations all over the world. Regardless of which international travel destination you choose, careful planning is a must. While planning an international trip may seem daunting, there are a few tips that you can follow to make sure that you have the best travel experience possible whether you are a novice or seasoned traveler.
Going on a vacation is supposed to be a relaxing, stress free experience. Unfortunately, you cannot relax until you have made all of the arrangements for your vacation. Where will you go? How will you get there? How will you spend your time? Giving adequate forethought to get ready for your trip will make for a more enjoyable vacation. One option for consumers is to seek professional help from a travel agent or other travel professional.
Deciding to go on a vacation is an exciting, and all too often stressful experience. Your fantasies of reading a good book while on the beach may be interrupted by intrusive financial concerns. How should you pay for your trip? How will you protect your finances while you are gone? Should you get travel insurance? What about scams or theft? There are numerous financial issues to take into account when planning a trip. Consider implementing some of the following strategies in order to protect your finances.
Getting sick on vacation is bad news. It has the potential to ruin the trip for everyone. Finding quality medical care while on vacation can be difficult as well. While you may not always be able to prevent illness when travelling, you can be adequately prepared to minimize your symptoms and to get back to reclining comfortably on the beach as soon as possible. Consider the following suggestions to prepare for the possibility of health complications while traveling.
Downsizing to a smaller home has become a recent trend. Older adults in particular can benefit from such a move. Smaller homes typically require less maintenance and can result in significant savings for the homeowner because of lower utility bills, property taxes, and insurance. This publication will help you make decisions and plans for downsizing.
Identifying healthcare wants and needs for you and your family is an important first step to finding a healthcare plan that will provide adequate healthcare coverage at a sufficient price. This publication will help you determine a health care plan that will best suit your needs.
Raising grandchildren can be challenging and rewarding. Keeping children healthy and safe can be simple, but it does take thought and preparation. This publication provides suggestions and guidelines that may help.
When building or repairing your home, the general contractor you hire can be either the biggest help or the biggest source of problems you will encounter. You can learn to protect your interests and avoid financial disaster by becoming an informed consumer.
Various forms of continued education and training are available. They range from a four-year program at an expensive private college or university to a less expensive state university or even a community or technical college. Once you decide where you want to continue your education, you can search out the various forms of financial aid that are available, both from the educational institution itself and from outside sources.
For most students, high school is not the end of their career preparation. Education and training beyond high school provide greater opportunities for finding and keeping a job, particularly in tough economic times. Continued education can have an impact on family well-being.
Parenting involves teaching children to maintain a safe and healthy lifestyle, which includes healthy sexual development. It is an important parenting responsibility to talk to your children about sex, sexuality, and related topics.
Assistive technology allows people to do things that they might not otherwise be able to do. It reduces the impact of a disability and increases the opportunity for enjoying an optimal level of safety and independence.
A well-designed home promotes independence and allows us the satisfaction of being able to stay in control and remain at home as we age or as our needs change.
Universal design allows independence, safety, control and quality of life at home and in the community today and in the future. The following universal design features can make your bedroom a safer and more user-friendly space.
Universal design allows independence, safety, control and quality of life at home and in the community today and in the future. The following universal design features can help make your bathroom a safer and more user-friendly space in your home.
Universal design allows independence, safety, control and quality of life at home and in the community today and in the future. The following universal design features can make your kitchen a safer and more user-friendly space.
The following information will help you find resources and support for improving your residential situations, assessing your needs and determining which modifications and assistive technologies are most appropriate for you.
Whether it is our own or that of someone we love, writing a life story can be a rich and rewarding experience. It is also a gift that can last for generation after generation. To get started, it is important to be organized, prepared, and flexible.
Sharing and documenting life story and health history promotes a quality caregiving relationship. A life story is an account of the series of experiences that make up our lives and define who we are.
Life story also contributes to brain health, as the process of documenting and sharing life story is a form of brain exercise.
Life story focuses heavily on the past, but we can use these experiences to help us think about and plan for the future.
Documenting our life story encourages us to constructively think about and examine both positive and negative personal experiences, the meaning and emotions we attach to our experiences, and the lessons we have learned over time.
This fact sheet describes different types of things that make up a legacy, talks about how we can develop a meaningful legacy, and offers a variety of ways to communicate our legacy to others.
A fall can happen to anyone. A fall often happens suddenly, and the experience can be startling and upsetting regardless of your age. Adults age 65 years and older are at the greatest risk of falling and jeopardizing health and independence. Many falls can be prevented by making simple changes, but it's good to plan ahead in case you do fall.
For adolescents (12 to 17 years old), the normal stressors of development along with the added stressors of parental deployment can be overwhelming. Support for adolescents facing parental deployment is a critical issue for mental health professionals and military families.
With the length of deployment averaging 12 months, this process may be confusing for children of military members, especially those of young ages. Even when close parent-child bonds exist prior to deployment, extended absences may negatively impact this bond. Therefore, military members and their families must be patient in the renewal of attachment bonds following the long separation during a military deployment.
Bullying is a serious issue that has been the subject of discussion for several years. This publication will help parents identify the symptoms of a bullied child, understand why they don't report the abuse and learn how to support them during their coping process.
For young adults ages 18 to 24, sexual health is an important factor in their development. These are the years of greatest fertility and most frequent sexual activity.
Authors: Amy Hosier
Four steps can help older adults and those susceptible to falls to protect their independence and reduce their likelihood of falling.
Authors: Amy Hosier
Physical inactivity leads to muscle weakness and loss, and has a negative effect on flexibility and balance, increasing a person's risk of falling. To significantly minimize the chances of falling, strength, balance, and flexibility must be increased.
Authors: Amy Hosier
Medication causes some older adults to fall. Many seniors are prescribed medications to treat various ailments or diseases, and such drugs may have side effects that lead to falls. Combinations of medicines also create greater chances for adverse drug interaction and/or side effects. Taking four or more prescription and/or over-the-counter medications significantly increases the risk for falling.
Authors: Amy Hosier
About 50 to 75 percent of falls happen in the home. Many of these falls are caused by home hazards that we overlook every day. Falls can be reduced and prevented by identifying and correcting hazards in your home. Remember, falls are preventable!
Authors: Amy Hosier
Whether vision impairment or disease, age-related trouble with vision increases the risk for falling and fall-related injury. A key to safety, wellness, and fall prevention is to keep your eyes healthy. Have regular eye exams, use appropriate prescriptions for glasses and contacts, and work with a doctor to maximize vision in both eyes.
Authors: Amy Hosier
The eight-session, evidence-based falls management program is led by trained volunteer lay leaders. The program aims "to reduce [the] fear of falling, stop the fear of falling cycle, and increase activity levels among community-dwelling older adults."