Blog
Clawing Back Assets After Probate
Posted on June 1, 2023
Contesting a will can be an expensive and painful struggle. But suppose the will has already been probated (accepted by the court as valid) and the assets distributed to the beneficiaries? Then a challenge becomes exponentially harder, especially as the assets may have been sold or disposed of. New information might have come to light…. read more
MEET KIM WEDDINGTON, ESTATE PLANNING PARALEGAL
Posted on May 31, 2023
Kim Weddington is responsible for assembling the client trust binders and the will folders for our estate planning clients. She is also the funding paralegal for funding trusts. She gets the work done for our clients with maximum efficiency. Kim graduated from the University of Kentucky in 1979, with a degree in elementary education, and… read more
Advisor Spotlight: Rosalyn “Roz” Carothers
Posted on May 3, 2023
Roz Carothers was recently profiled by the Community Foundation of Southern Indiana in its Advisor Spotlight. “Music was Rosalyn “Roz” Carothers first love. Classical, to be exact. Growing up in Louisville, she had a fascination with a variety of instruments that made up music’s sweet symphonic sound. The art of music was so alluring to… read more
Save for Retirement Now; Get a Tax Credit Later
Posted on May 3, 2023
A tax credit known as the Retirement Savings Contributions Credit is designed to offset a percentage of the initial $2,000 that taxpayers put toward their individual retirement accounts or other retirement accounts established through their employers. Also called the Saver’s Credit, this IRS-backed tax credit makes it possible for people with disabilities to contribute to… read more
Unretiring Is the New Retirement Path
Posted on May 2, 2023
Those who are at or nearing retirement age may require extra determination and energy to switch to a new career. While fellow retirees are making travel plans or enjoying additional family time, do you really want to commit to further education, retraining or even showing up at a workplace on scheduled days? Is it a… read more
Your Home’s Equity: Why It Matters
Posted on May 1, 2023
Every time you make a mortgage payment or if your home’s value rises, you build your equity. But what is equity? It’s the difference between what you owe on your mortgage and what your home is currently worth. An equity example: Say you owe $250,000 on your mortgage and your home is worth $350,000. You now… read more
Meet Cissina Tanner, Probate & Trust Paralegal
Posted on April 3, 2023
Cissina joined Triplett & Carothers in August of 2021. She frequently assists families with the Kentucky and Indiana probate and trust administration processes. Cissina establishes strong client relationships and firm clients find her easy to talk to. She graduated from Sullivan University in 2008 with an associate degree in Paralegal Studies, at which time she… read more
What To Do About Financial Noise
Posted on April 3, 2023
In 1965, two astronomers in Crawford Hill, New Jersey, were monitoring radio emissions from the Milky Way when an annoying hum interrupted their work. Was it coming from nesting pigeons who left droppings inside their antenna? In fact, the astronomers had been observing the cosmic background radiation of the universe. In financial markets, too, low-level… read more
Tackling Tough Health Decisions With a Health Care Proxy
Posted on April 2, 2023
Some of the hardest choices you will ever make involve coming to terms with your own illnesses or incapacity. It is normal to shy away from dwelling on terminal scenarios. Besides, beliefs and desires often evolve over time. If you were very sick, would you prioritize your comfort over prolonging your life? Whom would you… read more
How to Create a Family Mission Statement
Posted on April 2, 2023
A family mission statement is not just for family businesses and the ultra-wealthy. Any family looking to provide guidance for future generations can benefit from creating a written document that outlines their principles. The mission statement goes beyond intergenerational transfers of wealth. A broader examination asks this question: what can we do with our wealth… read more