Welcome Mihika Deo as Summer Intern

We welcome Mihika Deo as our summer intern at Triplett & Carothers. Mihika is a law student at the Louis D. Brandeis School of Law at the University of Louisville; she is Treasurer of the International Law Society and Vice President of Finance for the Student Bar Association. Mihika received her  undergraduate degree — BSBA… read more

Why A Will May Not Be Enough

A will has no legal power until it is admitted to probate and a personal representative is appointed by the court. But courts don’t act on their own after your death; someone must file the necessary paperwork. This is a built-in delay that can slow down the process significantly. Further, probate is a public process;… read more

Retirement Plan Options for the Self-Employed

Working for someone else will not necessarily guarantee you a retirement plan, as the financial and administrative costs of providing a retirement program can be prohibitive for smaller employers. But if you are self-employed (whether full time or part time) there is no reason you cannot fund your own retirement and reap the tax benefits… read more

Common Challenges of Retiring

When you retire from your job, you may feel as if you’ve lost all sense of commitment and involvement. This process often brings a mix of emotions, including sadness, grief, loneliness and disorientation — feelings that are completely normal. Saying goodbye to established routines and schedules can be challenging. Taking time to reflect on what… read more

Stay Cool: Cold Weather Places in Which To Retire

For many people, retiring to a cold weather place feels like just the right move. The trend now is for people to age at home or as long as they can, even if that means dealing with harsh weather conditions. If you asked people if they would consider retiring to Minnesota, a place with long… read more

Understanding Medicare Plans

Let’s start with Medicare Advantage plans, if only because there is so much about them on television and so many flyers in your mail. We’ll then turn to other Medicare plans — some that you may never have heard of. Medicare Advantage plans (Part C) Medicare Advantage plans are offered not by the federal government… read more

Strategies to Manage Overspending in Retirement

Are you at risk of overspending and jeopardizing your retirement security? Many people ask themselves this question in the early years after leaving the workforce. For some, overspending stems from travel dreams or luxury purchases. Others face unexpected medical bills, a higher cost of living and/or accumulated credit card debt. Any of these factors can… read more

Meet Attorney Jim Fine

We welcome James L. Fine to Triplett & Carothers, effective January 1, 2025. He is an estate planning and tax lawyer who works with wills and trusts and probate in Kentucky and Florida. Based in Louisville, KY and Naples, FL, he known for his quick turn-around, easy access, and extensive experience resulting in the skills… read more

BOI Reporting Obligations Reinstated

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is the agency that enforces the Corporate Transparency Act (CTA). Recently, FinCEN sent out a notice indicating a new deadline of March 21 for small businesses to comply with its beneficial ownership information (BOI) reporting requirement. That said, if your reporting deadline is in April because you… read more

Seniors Can Wake Up to Joy with Ikigai

Seniors especially can draw lessons from ikigai in their ongoing search for meaning in later years. Ikigai is more than just happiness. It also embodies a positive anticipation for the future, even when the present is a struggle. The philosophy focuses on the sum of the small joys in life, as well as the more… read more