Posted on February 2, 2023

With tax time coming, you will need to ask yourself: Do I itemize my deductions or do I accept the standard deduction? In brief, the standard deduction lets you lower your income by a flat rate. It makes the math easy and you don’t have to work your way through piles of records. However, you… read more

Posted on February 1, 2023

Julius Caesar’s wife was not a trustee, but she was (rather unfairly) expected to act like one. When she rebuffed a man who had tried to seduce her, Caesar divorced her anyway on the grounds that she must never even be suspected of unseemly behavior: “Caesar’s wife must be beyond suspicion.” The highest ethical standards… read more

Posted on January 6, 2023

There is an unbelievable number of companies across a wide array of industries, which may lead you to believe that the creation of a succession plan must be a unique and one-off process. For instance, family businesses in particular carry distinctive cultures and reflect idiosyncratic histories in ways that might be challenging for outsiders to… read more

Posted on January 5, 2023

There’s been buzz about new retirement plan provisions for weeks, and now they’re final, bringing about changes to various federal rules and adding flexibility for current and future retirees. The Secure 2.0 Act of 2022, part of the Consolidated Appropriations Act of 2023, includes the following modifications, some of which are immediate, and others that… read more

Posted on January 4, 2023

According to the Social Security Administration, approximately 70 million Americans will see an 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, according to the SSA, Social Security benefits will increase by more than $140 per month starting in January. Why the big bump? As the SSA… read more

Posted on January 3, 2023

We are pleased to welcome Brooks Alexander to our firm as of counsel. Brooks brings decades of experience in estate planning as well as business succession planning to our clients, most recently working for 41 years at Middleton Reutlinger, which was one of Louisville’s best-known and oldest law firms. Brooks often helps clients with the… read more

Posted on December 4, 2022

While Britney Spears’ conservatorship case and her multimillion-dollar fortune were extraordinary circumstances, her legal condition is not uncommon: Over 1.3 million U.S. adults are living under guardians or conservators, who control about $50 billion of their assets, according to the National Center for State Courts. There is some confusion over distinctions between guardians and conservators…. read more

Posted on December 3, 2022

Unlike a unilateral will, a prenup is a bilateral agreement crafted between two people. Ideally, a prenup will be drafted in alignment with the corresponding will. However, in situations in which the two documents are in direct contradiction with one another, courts tend to prioritize the prenup over the will as long as the former… read more

Posted on December 2, 2022

When the FTX exchange collapsed and filed for bankruptcy in November 2022, reverberations rippled across the cryptocurrency universe. Investors across the board lost millions, from venture capitalists, hedge funds, and large asset managers (known as “whales”) to tiny accounts of a few thousand dollars. Stunned observers are still piecing together what went awry and what… read more

Posted on December 1, 2022

We celebrated year-end of 2022 with an updated team photo showcasing our attorneys and professional staff. These skilled, dedicated, and caring legal professionals work diligently to simplify the complexities of life and death decisions for our clients. We focus on explaining how an estate plan works and what actions should be taken during one’s lifetime… read more