Posted in Triplett & Carothers on September 2, 2023
The Tax Cuts and Jobs Act largely winds down at the end of 2025. Maybe. Many of its provisions are political, so much depends on who’s in the White House and who has control of the House and Senate at that time. Before you start planning, glean some understanding of what the TCJA does and… read more
Posted in Triplett & Carothers on August 4, 2023
Garage sales can be ubiquitous in some communities, as a driveway is suddenly populated with a fondue set that hasn’t been used in 20 years, an old power drill that still works, furniture exiled thanks to a major redecoration, and books that have been crowded off shelves. The owners make money from the sales and… read more
Posted in Triplett & Carothers on August 3, 2023
If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances and taxes. According to IRS regulations instituted in 2020 (with significant updates later), the majority of beneficiaries who inherit IRAs must withdraw their portion… read more
Posted in Triplett & Carothers on August 2, 2023
FICO credit scores range from 300 to 850, with most lenders considering a score of 800 or higher to be excellent. The most important factor in determining your credit score is your payment history. Certain monthly payments — such as those for your mortgage; auto, student or personal loans; and your credit card payments —… read more
Posted in Triplett & Carothers on August 1, 2023
We are excited to share that our office expansion is nearly complete; we have nearly doubled our space in our Louisville location to accommodate our growing firm, our expanding professional team and our active client base. Looking back … when we moved into this space in 2018, we purchased the first floor and leased the… read more
Posted in Triplett & Carothers on July 6, 2023
Applying for a mortgage? Your debt-to-income ratio is a key number. Lenders care about how much money you spend each month on your credit cards, student loans and auto loans. The less of a financial burden your monthly debts are, the more likely you are to not miss any mortgage payments. What exactly is your… read more
Posted in Triplett & Carothers on July 5, 2023
Most lenders today rely on your FICO credit score to determine whether to approve your application for a mortgage and when assigning an interest rate to your loan. Generally, the higher your FICO score, the lower your interest rate. Most lenders consider a FICO score of 800 or more to be excellent. You can expect… read more
Posted in Triplett & Carothers on July 3, 2023
The issue of raising the debt limit has been resolved, at least until January 2025, and we can all breathe easier now that the United States can continue to pay its debts. Hopefully, in the future, Congress will find a way to eliminate this boondoggle or at least to work around it, as was done… read more
Posted in Triplett & Carothers on July 1, 2023
Jessica joined our legal team in August 2022 as an Estate Planning Paralegal, bringing more than ten years of experience in the legal field. Known for her strong work ethic, Jessica assists clients with the preparation of their estate plans, including drafting trusts, wills, and health care powers of attorney and overseeing the signing meetings…. read more
Posted in Triplett & Carothers on June 2, 2023
Since the turbulent days of the Great Financial Crisis, the US banking sector has been relatively stable. Rock-bottom borrowing costs and a COVID-19 powered demand for digital services had kept inflows surging. But cracks began to appear, as rising interest rates took a toll, and customers pulled out deposits in classic bank runs from two… read more
