It’s one of the first concerns people bring to their first estate tax planning meeting: “I’ve worked my whole life to leave a legacy for my children. How much is the government going to take from their inherited assets?” In th…
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Kentucky does not have an estate tax, but it does have an inheritance tax; understanding this tax burden may change your estate planning, particularly for property located in Kentucky. In this blog, the estate planning attorneys at RKPT explain this…
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Most people avoid estate planning for years. When the moment comes to sit down and design a comprehensive estate plan, many people don’t know where to start. If you’re preparing for your first meeting with your estate planning attorney, this blog…
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If you recently lost a loved one, a complicated legal process is the last thing you want to face. Yet after a death, that is often exactly what an Ohio family must deal with — court filings, inventories, notices to creditors, and months of waiting…
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“Do I need a trust, or is a will enough?” At one point or another, most Ohioans will find themselves asking this question. They may search for answers at a live insurance sales seminar, through DIY software, or talking to a well-meaning o…
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Each stage of our life comes with its own changes and challenges. For those of us in midlife, it is important to be aware of the expected changes in our parents and elderly loved ones. Proactive estate planning allows elderly parents to be part of th…
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While creating your Estate Plan is important, creating one that avoids common pitfalls and mistakes is essential! After all, you don’t want to go through all the time it takes to create a plan to protect your loved ones, just to have it riddled…
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Your estate plan allows you to control who will manage your affairs when you can no longer handle them yourself and identifies who will receive your property upon your death. If you already have an estate plan — congratulations — you are among a…
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We live in a digital age, where more and more of our lives occur online. We create vast quantities of electronic media every year. But have you stopped to consider what will happen to your digital assets when you die? To safeguard digital assets, man…
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Who Pays the Mortgage After the Death of a Loved One? When a loved one dies, their mortgage does not simply disappear. Someone must take responsibility for handling the debts and assets of a recently deceased relative.
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