Author: Jane Proctor
Major Program: Estate Planning
During a person’s lifetime, resources and assets are accumulated. Many people fail to make plans to transfer their property and possessions at the time of their death, therefore leaving others to settle their estate, pay tax obligations, and handle family disputes which can be added time and money. In order to address this concern, the Trimble County Cooperative Extension agent for Family and Consumer Science partnered with a local attorney to conduct an Estate Planning workshop
Author: Linda Brown-Price
In Kenton County with a population of 166,051 with 14.1% over 65 years of age, many are beginning the planning process needed to distribute their assets. Managing financial risks is an important part of financial stability. Regardless of how many assets are owned, estate planning is needed to protect, and help ensure, personal and financial goals are realized after death. Many individuals fail to plan for the transfer of their possessions and property. Leaving others to settle the estate, pay ta
Author: Amanda Hardy
Regardless of net worth, estate planning is important to protect, and help ensure, your personal and financial goals are realized after death. Unfortunately many people fail to properly plan for transfer of their possessions and property at the time of death. A properly executed estate plan can reduce family stress, reduce federal and state tax obligations, and allow the estate to be settled in an expedient fashion saving both time and money. Many individuals perceive e
Author: Matti Coffey
According to a study by BMO WealthManagement, 52 percent of Americans do not have a will and 40 percent of parents have not had a conversation about estate planning needs with their family. Only 28 percent knew their parent's "legacy wishes." While these statistics are staggering, it makes you self reflect about your own situation. A request was made by a community member to learn more about estate planning and how to prepare better for any situation that could arise.Because of thi
