Posted in Triplett & Carothers on October 3, 2022

In late September, the Internal Revenue Service sent out some new details on student loan relief, which was announced earlier this year. It has also provided links for further information. Meanwhile, opponents of loan relief are taking legal action to try to prevent it, although the administration continues to proceed. Who’s Eligible You are eligible if you have most federal… read more

Posted in Triplett & Carothers on October 1, 2022

 This month, Reggie Garcia, Operations Manager and Client Concierge, visited the Louisville Salt Cave for our regular series “Better Health, Longer Life.” (We like to say that while our work at Triplett & Carothers often includes drafting estate plans to provide for disability and death, our goal is to put off using them as long… read more

Posted in Triplett & Carothers on September 3, 2022

The first tip is to always question where you are planning to get your advice from when it comes to tax and finance tips for seniors. There are a lot of scams out there — from incompetent and so-called experts to downright crooked “professionals.” So says Julian Block, an attorney and former IRS special agent. Be especially suspicious… read more

Posted in Triplett & Carothers on September 2, 2022

If you opt to keep your will at home, discreet hiding places probably come to mind. Some popular spots include the back of the toilet water tank (always taped in a waterproof bag!), the freezer, the pantry, on a bookshelf, under floorboards, in a closet or even buried (in a can or jar) in the… read more

Posted in Triplett & Carothers on September 1, 2022

When you use a trust, you bypass probate, a lengthy legal process that validates your will, and you leave precise, legally binding instructions for how to distribute and potentially maintain your assets. Have a beneficiary with special needs who’s ill equipped to manage the inheritance? Bequeathing complex assets that require ongoing attention after you’re gone?… read more

Posted in Triplett & Carothers on August 31, 2022

Red light therapy is designed to help everything from reducing wrinkles to clearing skin conditions to relieving pain. It is known to improve mood and energy … all using specific wavelengths of light. Our own Operations Manager/Client Concierge Reggie Garcia recently visit Restore Hyper Wellness on Brownsboro Road in Louisville, working with Tatum and Joseph… read more

Posted in Triplett & Carothers on August 5, 2022

Pour-over wills are a way of ensuring that any assets that the trustor neglected to add to his or her trust, whether accidentally or on purpose, will be incorporated as part of the trust even after the execution of the applicable will. Essentially, a pour-over will grants supplemental protection for trustors because it requires assets… read more

Posted in Triplett & Carothers on August 4, 2022

Consider Irene, who recently became a widow when her husband, Henry, died. Like most married couples, they held the title to their home in joint ownership with the right of survivorship. In plainer language, this means that co-owner Henry’s death results in his loss of all ownership in their dwelling. Surviving co-owner Irene automatically acquires all… read more

Posted in Triplett & Carothers on August 3, 2022

A blended family can be a blessing. However, it does mean you have to take special care with your estate plan — although you want to take care of your spouse and stepchildren, you don’t want to inadvertently cut out your biological children. Take the following steps: Check your beneficiaries. Who is the beneficiary of your… read more

Posted in Triplett & Carothers on August 1, 2022

The Kentucky Bar Association, along with the Bar Association’s Young Lawyers Division, and a variety of other agencies came together in December to prepare a Disaster Recovery Resources page on the Kentucky Bar Association website.  The page has information on services available to citizens of Eastern Kentucky. The Bar Association is taking steps to aid… read more