Posted in Triplett & Carothers 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 in Triplett & Carothers 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 in Triplett & Carothers 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 in Triplett & Carothers 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

Posted in Triplett & Carothers on November 4, 2022

Understanding the Increase in Limits for the Coming Year The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This also applies to 403(b), most 457 plans, and the federal government’s Thrift Savings Plan. Also increasing is the catch-up contribution limit… read more

Posted in Triplett & Carothers on November 3, 2022

Before you can create an estate plan, you need to answer the following questions: What makes up my estate? Your estate consists of all the assets you possess at the time of your death, including: Securities Real estate Interest in a business Personal property Cash Retirement plans and IRAs Life insurance death benefits What’s the… read more

Posted in Triplett & Carothers on November 2, 2022

Probating a will can turn into a drawn-out process, and unfortunately, you can’t always avoid multiple probate processes. When a person dies and leaves property in one state to someone in a different state, it is typically necessary to obtain probate for each jurisdiction. On the other hand, if you plan ahead and take care… read more

Posted in Triplett & Carothers on November 1, 2022

There’s nothing like taking a day out of the office to focus on how to best serve our clients. Our team recently gathered for a full-day office retreat, let by renown facilitator Glenn Finch from Atticus, a national law firm coaching organization. The day included a dynamic exchange of ideas and a deep dive into… read more

Posted in Triplett & Carothers on October 5, 2022

A chamade was a Napoleonic drumroll that signaled to the enemy that an army was ready to surrender or retreat. Modern equities investors follow their own market signals for capitulation, which describes the final gasp during the stampede to the exits when the pain of a bear market has become unbearable. Also called a washout,… read more

Posted in Triplett & Carothers on October 4, 2022

Deductible levies for itemizers include their payments for income taxes, sales taxes, real estate taxes, and personal property taxes. But those write-offs come with strings attached as to which ones qualify, when they’re deductible, and how much is allowable. You should be aware that the IRS sets traps for unwary homeowners. While the IRS says… read more