Posted in Triplett & Carothers on January 4, 2024

I say “Choose a guardian for your children,” and your knee-jerk answer is your parents or a very close friend. How about choosing alternates in case your first choice is unable to take on the role? What attributes do you want in a guardian? A married twosome—Seems like a stable arrangement, but divorce happens. Which… read more

Posted in Triplett & Carothers on January 3, 2024

ON A PERSONAL NOTE … The Legendary Count Basie Orchestra! Don’t miss this epic event on Monday, February 5th presented by my alma mater, the U of L School of Music. I’ll be there and I wanted to share the event details. “The University of Louisville School of Music proudly presents the 29th annual African… read more

Posted in Triplett & Carothers on December 1, 2023

Wishing the happiest of holidays to all of our clients, colleagues and friends  … and a new year of peace, health and joy.

Posted in Triplett & Carothers on December 1, 2023

To find meaning in retirement, consider becoming a teacher. This change need not necessarily involve training young people to take exams in a traditional context. The activity can take place in a classroom one-on-one. From kindergarten to high school to college level, from leisure activities and hobbies to sports, all offer opportunities to enrich others’… read more

Posted in Triplett & Carothers on December 1, 2023

If you have not yet had a serious conversation with your children about your plans and hopes for retirement, you are not alone. According to a survey by GOBankingRates, 73% of over 1,000 respondents had never addressed it with their families. Why not? Money is often a taboo subject. Twenty-two percent felt it was not… read more

Posted in Triplett & Carothers on December 1, 2023

It’s never too early to think about taxes! The IRS has already issued numbers to help you understand what the 2024 tax situation will be like. Below is a summary. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. For single… read more

Posted in Triplett & Carothers on November 6, 2023

You may have to make difficult decisions while you still have the mental and physical capacity to deal with financial, legal and health care issues. Personal and health affairs management, estate planning and administration, and long-term care and how to pay for assisted living or nursing home care are needs that must be addressed by… read more

Posted in Triplett & Carothers on November 5, 2023

A trust is an estate planning document that disposes of your assets after your death. Trusts are an effective planning tool for those with detailed plans for their worldly goods. Will your trust achieve the purpose it was created for? Not if you make one of the following errors: Failure to fund. You have to fund… read more

Posted in Triplett & Carothers on November 4, 2023

If you’re the executor of an estate, part of your job is to oversee the valuation of assets. Finding out how much the estate is worth and how that value is distributed will determine your approach to probate, the allocation of the assets among the heirs and how much the estate will pay in taxes…. read more

Posted in Triplett & Carothers on November 3, 2023

Scott became a lawyer in 2008, following in the footsteps of his father, and schooled to think like a lawyer. He is a member of the Kentucky Bar Association and his membership in the Indiana Bar Association is pending. Scott joined Triplett & Carothers in 2016 as a probate attorney after ten years with various… read more