Triplett & Carothers
What Doesn’t Your Credit Score Take Into Account?
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
Office Expansion Accommodates Growing Firm-Team-Client Base
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
Do You Know Your Debt-to-Income Ratio?
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
Why Are There So Many Credit Scores?
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
What Happened With the Debt Limit?
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
Meet Jessica Coon, Estate Planning Paralegal
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
Savers Can Sleep More Soundly at Night
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
You Deserve a Reward for Taking More Risk
Posted in Triplett & Carothers on June 2, 2023
Investors have a mystery to solve, as challenging as a tale by Dame Agatha Christie or Sir Arthur Conan Doyle: Why is it that returns from stocks have generally wildly outperformed those from bonds and other fixed income going back about a century? The enigma has been thoroughly researched for almost 40 years, yet economists… read more
Clawing Back Assets After Probate
Posted in Triplett & Carothers 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 in Triplett & Carothers 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