Posted on October 2, 2024

It’s hard to imagine one’s own death, which is why many people never write a will at all. But if you get past that hurdle, it’s important to be sure that your will is valid. Here is a list of essential steps: Execute your will properly. In many states, a typed will must be signed… read more

Posted on October 1, 2024

We are so proud of Lisa Reger, who is the sister of our Chief Liaison Officer Reggie Garcia. Lisa is running for the Clark County Circuit Court no 4 seat.  She is currently a magistrate with nearly 30 years of experience, handling much of the Clark Circuit 4 docket already. She is the only candidate… read more

Posted on September 1, 2024

The executors are settling an estate — but the decedent owes money. What can the creditors take and what is reserved for the inheritors? There is no easy answer, and a variety of federal and state laws apply. To start with, retirement accounts that qualify under the Employee Retirement Income Security Act are generally protected from creditors,… read more

Posted on September 1, 2024

The final regulations for IRAs — the Secure Act 2.0 — have been issued by the Internal Revenue Service. This new law affects how IRAs are distributed to beneficiaries after the death of the owner. If you have a living trust and an IRA that names the trust as a beneficiary, you may need to… read more

Posted on September 1, 2024

A will is an important way to distribute your assets, financial and otherwise. One major limitation of a will is that you have to die before it can become effective; in other words, if you’re incapacitated, a will has no legal effect, so any health care proxies or durable powers of attorney you might have… read more

Posted on September 1, 2024

Why does your credit score still matter after you retire? If you are still paying off your mortgage loan, you might want to refinance that loan one day to one with a lower interest rate. You’ll need a solid credit score to do this. Even if you’ve paid off your mortgage, you might want to… read more

Posted on August 1, 2024

When starting a family, you might be interested to know that you’re now eligible to claim new credits and deductions, which ultimately lessens the total value of your tax liability. You can start by utilizing the official IRS Withholding Estimator to check your withholding. This will allow you to update your Form W-4, which is… read more

Posted on August 1, 2024

Both wills and trusts dictate who will receive your assets after you die, but they do it in different ways. Each way has its advantages and disadvantages. Wills (sometimes called your last will and testament) tend to be simple documents that describe how to distribute property to your beneficiaries after your death. Wills allow you… read more

Posted on August 1, 2024

Retirees need to understand that the quality of their lives in retirement will depend on how well they have attended to each of the four pillars prior to and during retirement. Most people would agree that what financial freedom looks like in retirement is the ability to do the things you would like to do… read more

Posted on July 31, 2024

In this inaugural issue of Coda, the U of L School of Music newsletter, Roz Carothers was featured for her commitment and contributions. “If it hadn’t been for the School of Music scholarships, I wouldn’t be where I am today. I have deep internal gratitude for the U of L and I enjoy showing others… read more