Posted in Triplett & Carothers on June 3, 2024

After enjoying your birthday cake, be wary of booby traps that could lead you into paying unexpectedly high health care premiums or out-of-pocket costs. Get savvy now to avoid any gaps in coverage or missing out on tax breaks. Worst of all, you do not want to get sucked into lifelong penalties that can build… read more

Posted in Triplett & Carothers on June 2, 2024

Suppose you were invited to a multigenerational gathering, such as a big birthday party or holiday feast. You might find baby boomers, now between the ages of 60 and 78, listening to music and knocking back the booze. Generation Z, currently between the ages of 12 and 27, will likely be quietly focused on their… read more

Posted in Triplett & Carothers on May 3, 2024

Charlie Triplett — the original name partner in Triplett & Carothers — passed away recently and he will certainly be missed. His contributions to his clients and the legal community were abundant and noteworthy. “I first came to work with Charlie in 2008 and in 2018 we formed an official association to create Triplett &… read more

Posted in Triplett & Carothers on May 3, 2024

An executor is responsible for ensuring your assets are distributed according to your wishes — a responsibility that introduces an element of legal and financial exposure. So choosing an executor is a serious decision. The person you select should have strong skills in at least some, if not all, of the following. The potential executor… read more

Posted in Triplett & Carothers on May 2, 2024

One of the perks of owning a home is building equity, the difference between what you owe on your mortgage and what your home is worth. If your home is worth $340,000 and you owe $200,000 on your mortgage, you’ve built $140,000 in equity. You can borrow against that equity in the form of a… read more

Posted in Triplett & Carothers on May 1, 2024

Concierge medicine, also sometimes called boutique medicine, is a health care arrangement whereby the patient pays a board-certified physician a monthly or annual retainer fee for specified services. It used to be available only to wealthy patients, but concierge medicine has become more affordable in recent years. The annual membership costs can run to $10,000… read more

Posted in Triplett & Carothers on April 5, 2024

Are you receiving bill after bill following the death of your loved one? If so, it’s important that you understand the rules of posthumous bills as well as your rights when it comes to paying your deceased relative’s debts. Are you responsible for your dead loved one’s debt? According to the law, family members are… read more

Posted in Triplett & Carothers on April 4, 2024

Your boss tells all employees they have to wear a blue suit and white shirt to the office every day. Since it’s a requirement, you may believe this is a deductible work expense. But that’s not the case. The IRS would argue that you can wear that blue suit and white shirt when you’re not… read more

Posted in Triplett & Carothers on April 3, 2024

If you’re in your mid-60s, you might find yourself contemplating a myriad of important life decisions. From when you should retire to whether or not you should downsize, there are many questions that you need to answer. Another very vital decision that must be made concerns how you will access Medicare. Not only do you… read more

Posted in Triplett & Carothers on April 1, 2024

ON A PERSONAL NOTE … We are gearing up for Derby and that always reminds us to order our favorite bourbon balls.  We love this Southern delicacy from Sweet on You, a bakery specializing in scratch-made, bourbon-infused pound cakes, cupcakes, bourbon chocolate cookies and more. We hope you will enjoy this Derby tradition as much… read more