How Kentucky Residents Can Sign Wills Without Physically Going to a Law Firm

Posted by John Crow | Apr 18, 2020 | 1 Comment

If you live in Kentucky and are considering preparing a will, trust, or power of attorney, you must have a notary and witnesses. During this time of the coronavirus pandemic, finding those essential persons can be challenging. However, with the passage of a new law in Kentucky, estate attorneys are able to conduct document signings through remote online conferencing.

What Happens to Your Horses in Kentucky after You Die?

Posted by John Crow | Apr 05, 2020 | 0 Comments

Kentucky is known as the horse capital of the world. Horses are loved animals, but they are also an investment to large extent. If you live in Kentucky and own horses, you need to decide whether you will care for them in perpetuity or sell the horses to boost the liquid value of your estate. Either way, the process is complex and to succeed to avoid probate, your estate plan must be specific and clear.

What is a Buy-Sell Agreement?

Posted by John Crow | Apr 02, 2020 | 0 Comments

Whether you’re the owner of a new business or of a mature company, the need for succession planning is the same. The future of your business is only as successful as the plan you have in place. One way to ensure the safety and success of your business is to create a buy-sell agreement for your business.

When It Comes to Trusts – You Have Options in Tennessee

Posted by John Crow | Apr 02, 2020 | 0 Comments

For people with a significant amount of wealth, trusts are often an important and advanced tool used in an estate plan. But you do not have to have a certain amount of wealth in order for you or your loved ones to benefit. Many people use trusts like credit-shelter and irrevocable life insurance trusts to minimize taxes and avoid probate. But there are other -- though not as well-known but just as useful -- trusts available. In this article, we identify some of those trusts.

The Five Rules to Follow to be the Perfect Trustee

Posted by John Crow | Mar 22, 2020 | 0 Comments

When you’re appointed as a successor trustee of a living trust, you have enormous responsibilities. The trustee must take charge of the legal and financial realms to ensure that accounts and properties are managed appropriately. In this article, we outline five rules to for a trustee to know for them to be successful in their role.

Estate Planning: Do It With Purpose, Not Out of Fear

Posted by John Crow | Mar 22, 2020 | 2 Comments

The coronavirus is a serious threat to our health, our economy and our personal finances. It's natural that in times like these, we think about safeguarding our loved ones and making sure they have what they need if something happens to us. But when unexpected challenges arise, decisions shouldn't be made rashly. Take a step back, analyze the situation. It is best to avoid making life decisions when rational thought prevail. Good estate planning should not be impulsive and reactive but proactive and strategic.

Can You Name a Beneficiary to an LLC in Tennessee?

Posted by John Crow | Mar 04, 2020 | 0 Comments

If you own an LLC, chances are your interest in the company is valuable. You want to make sure that those interests are passed on to your heirs and beneficiaries at your death. In this article, discover the best ways of passing on your interests in your LLC and whether you can name a beneficiary to your LLC.

Avoid Common Mistakes in Charitable Giving

Posted by John Crow | Mar 03, 2020 | 0 Comments

Charitable giving as part of your estate plan is a great way to do good in society, leave a legacy, and still give to your loved ones, too. But making sure it's done right is key to its success. Here are three common mistakes people make.

Why Do You Need a Living Will in Kentucky

Posted by John Crow | Feb 25, 2020 | 0 Comments

Living wills are an important part of your estate plan. Having the right to choose your medical care means in part being able to decide whether you wish to have a machine hooked up to you to keep you alive. It can also also mean avoiding family conflict over what your healthcare wishes are at the end of your life.

Setting Up a Trust for a Child In Kentucky

Posted by John Crow | Feb 12, 2020 | 0 Comments

When it comes to estate planning, a top priority for most of us is making sure our children are taken care of after we die. The hope is that our children are adults by the time we pass; unfortunately, we all know this wish is not guaranteed. If your children are under 18, strongly consider putting their assets in trust. In this article we explain why that is such a good idea.

Blunders People Make Assigning Beneficiaries to Financial Accounts

Posted by John Crow | Feb 09, 2020 | 0 Comments

One of the most important aspects of estate planning is determining who you want to be the beneficiaries of certain financial accounts. You want to make sure your hard-earned assets go to the ones you love, without delays and other problems arising. However, far too often, three mistakes are committed that can upset the purpose of your estate plan. Learn about those mistakes in this blog.

How Do Special Needs Trusts Work?

Posted by John Crow | Feb 03, 2020 | 0 Comments

If you are planning your estate, you may be concerned about the best way to leave certain assets to a person with a disability. Special Needs Trusts are almost always the best solution to that problem. In this article we review the basics of how these types of trusts work.

Tennessee Estate Plans & New Year Resolutions for 2020

Posted by John Crow | Dec 30, 2019 | 0 Comments

Estate plans are a great way to start the New Year off right. Whether you need to form a plan or need to review and update a current one, you should make sure it is done right. In 2020, resolve to get your affairs in order by executing a plan that is tailored to you individual circumstances so that you can better protect those you care about.

When is Probate Required in Kentucky?

Posted by John Crow | Dec 24, 2019 | 0 Comments

Probate is generally required in Kentucky when you have assets greater than $15,000. It is not required when you have less than that amount or you have assets that are jointly owned or are transferred automatically at death. Find out more about what type of estates must go through probate in Kentucky.

Congress Passes Substantial Changes to Your Retirement Plans through the SECURE Act

Posted by John Crow | Dec 21, 2019 | 0 Comments

The purpose of the SECURE Act is to incentivize individuals to save more. In so doing, it makes substantial changes to certain retirement provisions. Individuals can now work longer and contribute to their retirement plan as well as delay the age in which required minimal distributions must be taken. Additionally, the new law provides small businesses certain credits and motivations to help their employees save.

Advantages of the Tennessee Investment Services Trust for Real Estate Investors

Posted by John Crow | Dec 15, 2019 | 1 Comment

If you are a real estate investor, considering forming a TIST. They are a great alternative to traditional business entities such as partnerships, LLCs, and corporations. This type of trust provides superior asset protection and allows the creator to have significant control over the investment of the assets within the trust. TISTs avoid the franchise and excise tax and no filing fee is required.

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Your Legacy Matters

Your legacy matters because it is the impact you have on your family and community after you are gone. Your legacy is your story, it is what you leave behind. What do you care about the most? What are you passionate about? At Crow Estate Planning and Probate, our job is to protect what matters to you most. We want to make sure that the success you have had in your own life will be passed down to your children and generations to come.

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