Posted in Triplett & Carothers on July 2, 2024
The SECURE — Setting Every Community Up for Retirement Enhancement — Act was passed in 2019. After that, SECURE Act 2.0 was passed in December 2022 and went into effect Jan. 1, 2023. The secondary SECURE Act establishes new rules regarding the timeline that individuals must adhere to with regard to taking RMDs from their… read more
Posted in Triplett & Carothers on July 2, 2024
If you have reached the phase in life when you plan on leaving the daily grind, you can organize your agenda by dividing your to-do list into stages: the early days (three to five years ahead), the final years (two years before) and the final stretch (the ultimate six months). A stitch in time Start… read more
Posted in Triplett & Carothers on July 2, 2024
ON A PERSONAL NOTE … This month, we are sending a shout-out to our client Pops’ Pepper Patch, a small batch food processor specializing in condiments. Their products range from very mild to unbelievably wild. At Pops’ there’s something for everybody’s range of taste and tolerance for spice. How it all started from Bill Kamman,… read more
Posted in Triplett & Carothers on July 1, 2024
A quitclaim deed is so named because the seller is disclaiming all interest in a property. This type of deed offers no buyer protection. It makes no seller guarantees. Instead, it merely states that the seller transfers any ownership interest to the buyer. If the seller has absolutely no ownership interest in the property, that’s… read more
Posted in Triplett & Carothers on June 7, 2024
ON A PERSONAL NOTE: This month we wanted to give a shout-out to our friends at Ricky B’s Club Café. This is one of our favorite spots for food and fun, drinks and live music. This friendly piano bar hosted by Louisville’s very own Rick Bartlett serves designer cocktails, delicious small bites, and flavorful dinners. … read more
Posted in Triplett & Carothers on June 4, 2024
Your golden years come with perks that allow you to enjoy discounts at your favorite restaurants, grocery stores and retail stores and on leisure activities. Along with these savings, there are also opportunities that are completely free, from taking college courses to admission to national parks. The good news is that many of these benefits… read more
Posted in Triplett & Carothers on June 3, 2024
After enjoying your birthday cake, be wary of booby traps that could lead you into paying unexpectedly high health care premiums or out-of-pocket costs. Get savvy now to avoid any gaps in coverage or missing out on tax breaks. Worst of all, you do not want to get sucked into lifelong penalties that can build… read more
Posted in Triplett & Carothers on June 2, 2024
Suppose you were invited to a multigenerational gathering, such as a big birthday party or holiday feast. You might find baby boomers, now between the ages of 60 and 78, listening to music and knocking back the booze. Generation Z, currently between the ages of 12 and 27, will likely be quietly focused on their… read more
Posted in Triplett & Carothers on May 3, 2024
Charlie Triplett — the original name partner in Triplett & Carothers — passed away recently and he will certainly be missed. His contributions to his clients and the legal community were abundant and noteworthy. “I first came to work with Charlie in 2008 and in 2018 we formed an official association to create Triplett &… read more
Posted in Triplett & Carothers on May 3, 2024
An executor is responsible for ensuring your assets are distributed according to your wishes — a responsibility that introduces an element of legal and financial exposure. So choosing an executor is a serious decision. The person you select should have strong skills in at least some, if not all, of the following. The potential executor… read more
