2024-05-03 11:17
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 co… Read More
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Your Louisville Probate Lawyer can help you with this and also help you understand every other thing you need to know to settle your loved one’s estate. Our firm focuses primarily on estate planning and living trusts.
2024-05-03 11:07
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… Read More
2024-05-02 11:08
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… Read More
2024-05-01 11:09
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… Read More
2024-04-05 11:28
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… Read More
2024-04-04 11:28
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 th… Read More
2024-04-03 11:24
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… Read More
2024-04-01 11:38
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 spe… Read More
2024-03-01 14:55
ON A PERSONAL NOTE …
At Triplett & Carothers, we are certainly foodies, enjoying all the gastro culture available here in Louisville.
We stumbled across Harvey’s Café&hell…Read More
2024-03-01 14:40
Have you wished for something between full-time work and retirement? Phased retirement programs allow workers nearing retirement age to cut back on hours while keeping some pay and benefits… Read More
2024-02-29 14:42
Most email scams end up involving requests to send money, cash checks, establish business relationships or requests for information. The names and details of these scams change over the year… Read More
2024-02-28 14:44
Downsizing to a smaller home — typically when you reach your sunset years — comes with several benefits. The big one? Owning a smaller home can provide financial relief.
Your new… Read More
2024-02-02 14:53
The CTA is a law that requires business entities it identifies as reporting companies to disclose certain information about the company and its owners to the US Department of the Treasury&rs&hell…Read More
2024-02-01 21:50
Over three-quarters of the respondents in Fidelity’s 2021 American Caregivers Study understood how difficult taking care of a disabled family member was. They insisted they had no othe… Read More
2024-02-01 21:45
The beginning of the new year is the time for taxpayers to start gathering their documents for filing their 2023 returns. And the IRS has announced some important enhancements taxpayers sho… Read More
2024-01-31 21:47
Below are federal payroll tax rates and benefits contribution limits for 2024.
Social Security tax
In 2024, the Social Security tax rate is 6.2% for employers and employees, unchan… Read More
2024-01-06 19:03
Most mortgage lenders reserve their lowest rates for borrowers with FICO credit scores of 800 or higher. But what if your score is significantly lower? What are some reasons explaining why y… Read More
2024-01-05 19:03
There is no shortage of opportunities for those inclined to provide their time and effort for volunteering. These opportunities exist at every nonprofit organization for both retirees and yo… Read More
2024-01-04 19:07
I say “Choose a guardian for your children,” and your knee-jerk answer is your parents or a very close friend. How about choosing alternates in case your first choice is unable t… Read More
2024-01-03 19:12
ON A PERSONAL NOTE …
The Legendary Count Basie Orchestra! Don’t miss this epic event on Monday, February 5th presented by my alma mater, the U of L School of Music. I’ll… Read More
2023-12-01 15:44
Wishing the happiest of holidays to all of our clients, colleagues and friends … and a new year of peace, health and joy.
The post Happy Holidays ! appeared first on Roz Law Read More
2023-12-01 15:42
To find meaning in retirement, consider becoming a teacher. This change need not necessarily involve training young people to take exams in a traditional context. The activity can take place… Read More
2023-12-01 15:39
If you have not yet had a serious conversation with your children about your plans and hopes for retirement, you are not alone. According to a survey by GOBankingRates, 73% of over 1,000 res… Read More
2023-12-01 15:36
It’s never too early to think about taxes!
The IRS has already issued numbers to help you understand what the 2024 tax situation will be like.
Below is a summary.
The standard deducti… Read More
2023-11-06 15:58
You may have to make difficult decisions while you still have the mental and physical capacity to deal with financial, legal and health care issues. Personal and health affairs management, e… Read More
2023-11-05 16:01
A trust is an estate planning document that disposes of your assets after your death. Trusts are an effective planning tool for those with detailed plans for their worldly goods. Will your t… Read More
2023-11-04 16:02
If you’re the executor of an estate, part of your job is to oversee the valuation of assets. Finding out how much the estate is worth and how that value is distributed will determine y… Read More
2023-11-03 16:06
Scott became a lawyer in 2008, following in the footsteps of his father, and schooled to think like a lawyer. He is a member of the Kentucky Bar Association and his membership in the Indiana… Read More
2023-10-06 14:28
Your 65th birthday is a landmark date for many, as you plan for your senior years. There’s a lot to think about, and your decisions will be based on your income and savings and on your… Read More
2023-10-05 20:51
The SECURE Act of 2019, followed by SECURE 2.0 in 2022, was intended to facilitate the implementation of retirement plans for companies of all stripes. A major goal was to reduce administrat… Read More
2023-10-04 20:51
Depending on the loan type, you can qualify for a mortgage with a downpayment that is as low as 3% of your home’s final purchase price. And for some loans — such as a VA loan or… Read More
2023-10-01 14:36
It was a great day for appreciation and giving in September when Triplett & Carothers made a donation to the University of Louisville Cardinal Marching Band (CMS).
The firm’s ongoi… Read More
2023-09-05 13:51
Shelby has been a Paralegal with Triplett & Carothers since May 2022. She assists clients in all aspects of trust and estate administration from start to finish. She is known for her uns… Read More
2023-09-04 12:59
Streamlining and consolidating multiple old retirement accounts can help you organize your retirement finances. Most employees move around these days, typically switching jobs 12 times over… Read More
2023-09-03 12:59
During an appraisal, an appraiser will visit the home you are buying or the home you currently own. This professional’s goal is to determine how much the home is worth.
Appraisers cons… Read More
2023-09-02 13:00
The Tax Cuts and Jobs Act largely winds down at the end of 2025. Maybe. Many of its provisions are political, so much depends on who’s in the White House and who has control of the Hou… Read More
2023-08-04 14:41
Garage sales can be ubiquitous in some communities, as a driveway is suddenly populated with a fondue set that hasn’t been used in 20 years, an old power drill that still works, furni… Read More
2023-08-03 14:43
If you find yourself in a position where you recently inherited an IRA, you might feel as though you’re at a crossroads filled with many planning tasks pertaining to estates, finances… Read More
2023-08-02 14:45
FICO credit scores range from 300 to 850, with most lenders considering a score of 800 or higher to be excellent.
The most important factor in determining your credit score is your payment h… Read More
2023-08-01 15:27
We are excited to share that our office expansion is nearly complete; we have nearly doubled our space in our Louisville location to accommodate our growing firm, our expanding professional… Read More
2023-07-06 19:44
Applying for a mortgage? Your debt-to-income ratio is a key number. Lenders care about how much money you spend each month on your credit cards, student loans and auto loans. The less of a f… Read More
2023-07-05 19:46
Most lenders today rely on your FICO credit score to determine whether to approve your application for a mortgage and when assigning an interest rate to your loan. Generally, the higher your… Read More
2023-07-03 19:47
The issue of raising the debt limit has been resolved, at least until January 2025, and we can all breathe easier now that the United States can continue to pay its debts. Hopefully, in the… Read More
2023-07-01 13:15
Jessica joined our legal team in August 2022 as an Estate Planning Paralegal, bringing more than ten years of experience in the legal field. Known for her strong work ethic, Jessica assists… Read More
2023-06-02 13:46
Since the turbulent days of the Great Financial Crisis, the US banking sector has been relatively stable. Rock-bottom borrowing costs and a COVID-19 powered demand for digital services had k… Read More
2023-06-02 13:43
Investors have a mystery to solve, as challenging as a tale by Dame Agatha Christie or Sir Arthur Conan Doyle: Why is it that returns from stocks have generally wildly outperformed those fro… Read More
2023-06-01 13:44
Contesting a will can be an expensive and painful struggle. But suppose the will has already been probated (accepted by the court as valid) and the assets distributed to the beneficiaries? T… Read More
2023-05-31 13:48
Kim Weddington is responsible for assembling the client trust binders and the will folders for our estate planning clients. She is also the funding paralegal for funding trusts. She gets the… Read More
2023-05-03 16:35
Roz Carothers was recently profiled by the Community Foundation of Southern Indiana in its Advisor Spotlight.
“Music was Rosalyn “Roz” Carothers first love.
Classical, to b… Read More
2023-05-03 16:23
A tax credit known as the Retirement Savings Contributions Credit is designed to offset a percentage of the initial $2,000 that taxpayers put toward their individual retirement accounts or o… Read More
2023-05-02 16:24
Those who are at or nearing retirement age may require extra determination and energy to switch to a new career. While fellow retirees are making travel plans or enjoying additional family t… Read More
2023-05-01 16:25
Every time you make a mortgage payment or if your home’s value rises, you build your equity. But what is equity? It’s the difference between what you owe on your mortgage and wha… Read More
2023-04-03 15:53
Cissina joined Triplett & Carothers in August of 2021. She frequently assists families with the Kentucky and Indiana probate and trust administration processes. Cissina establishes stro… Read More
2023-04-03 11:54
In 1965, two astronomers in Crawford Hill, New Jersey, were monitoring radio emissions from the Milky Way when an annoying hum interrupted their work. Was it coming from nesting pigeons who… Read More
2023-04-02 15:53
Some of the hardest choices you will ever make involve coming to terms with your own illnesses or incapacity. It is normal to shy away from dwelling on terminal scenarios. Besides, beliefs a… Read More
2023-04-02 15:53
A family mission statement is not just for family businesses and the ultra-wealthy. Any family looking to provide guidance for future generations can benefit from creating a written document… Read More
2023-03-03 14:48
As part of the firm’s unswerving commitment to the University of Louisville, the Triplett & Carothers team hosted two 2023 fundraisers — featuring a watch-party, game night… Read More
2023-03-02 15:32
The step-up tax adjustment has been under siege for decades but has so far survived the onslaughts. The provision, which reduces capital gains tax for estates, has been controversial since t… Read More
2023-03-01 15:49
You may want to use your estate to influence your heirs in your absence. To a certain extent, this might be possible, but the process is delicate, and it requires well-designed structures.
B… Read More
2023-03-01 15:35
Digital estate plans are effective ways by which you can successfully protect yourself online. They can help you safeguard yourself against identity theft and the illegal reception of moneta… Read More
2023-02-03 15:37
Lena manages the trust and estate team covering all aspects of trust and estate administration. Her greatest joy is meeting with family members to assist them in the administration process f… Read More
2023-02-03 15:26
Maybe you have been named executor in a will. Or, for an added wrinkle, suppose there is no executor, or those named are either dead or unavailable. Compounding the problem, imagine you have… Read More
2023-02-02 15:29
With tax time coming, you will need to ask yourself: Do I itemize my deductions or do I accept the standard deduction? In brief, the standard deduction lets you lower your income by a flat r… Read More
2023-02-01 15:32
Julius Caesar’s wife was not a trustee, but she was (rather unfairly) expected to act like one. When she rebuffed a man who had tried to seduce her, Caesar divorced her anyway on the g… Read More
2023-01-06 13:39
There is an unbelievable number of companies across a wide array of industries, which may lead you to believe that the creation of a succession plan must be a unique and one-off process. For… Read More
2023-01-05 13:39
There’s been buzz about new retirement plan provisions for weeks, and now they’re final, bringing about changes to various federal rules and adding flexibility for current and fu… Read More
2023-01-04 16:00
According to the Social Security Administration, approximately 70 million Americans will see an 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payment… Read More
2023-01-03 15:56
We are pleased to welcome Brooks Alexander to our firm as of counsel. Brooks brings decades of experience in estate planning as well as business succession planning to our clients, most rece… Read More
2022-12-04 17:12
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 l… Read More
2022-12-03 17:17
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… Read More
2022-12-02 17:18
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 c… Read More
2022-12-01 17:36
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 simplif… Read More
2022-11-04 11:18
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… Read More
2022-11-03 11:14
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, inclu… Read More
2022-11-02 11:19
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… Read More
2022-11-01 14:59
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 Glen… Read More
2022-10-05 16:17
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, whi… Read More
2022-10-04 16:17
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 whi… Read More
2022-10-03 16:18
In late September, the IRS 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 o… Read More
2022-10-01 16:53
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 th… Read More
2022-09-03 12:51
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 incompet… Read More
2022-09-02 13:50
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 free… Read More
2022-09-01 13:51
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… Read More
2022-08-31 13:55
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 wave… Read More
2022-08-05 18:41
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 eve… Read More
2022-08-04 18:41
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… Read More
2022-08-03 18:42
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… Read More
2022-08-01 18:51
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 Resourc… Read More
2022-07-05 13:46
When beginning your estate plan, your first task will be to inventory what you own. You may be surprised by all the tangible and intangible assets you have. Estimate some values, but obtain… Read More
2022-07-04 13:47
Having a legal will with an independent executor and clearly identified beneficiaries can lessen the stress and emotional upheaval that stem from your death. Problems can occur when propert… Read More
2022-07-03 13:49
How could someone possibly choose with ease the person who will fill the role of guardian for their children? The gravity of the decision is enough to weigh anyone down, and sometimes it&rs&helli…Read More
2022-07-01 13:55
June’s adventure in our Better Health, Longer Life series took our operations manager/client concierge Reggie Garcia to a floatation therapy spa. (We like to say that while our work at… Read More
2022-06-03 13:53
Pictured here is Lynn from Oxybaric with Reggie Garcia in front of the pod
Our Better Health, Longer Life feature this month is all about oxygen therapy. While our work at Triplett & Car… Read More
2022-06-03 12:28
Take a moment to think about what your obituary would look like. How long would it be? What would it say about you?
Like many other people, you may want to be remembered as someone who prov… Read More
2022-06-02 12:48
Can’t shake the feeling that you should be contemplating estate planning, but you have too many questions, so you put it off again? Want some answers before you have to navigate compl… Read More
2022-06-01 12:30
For many people, their reason for starting the process of estate planning is family. Estate planning is the best way to set up your family for success in the aftermath of your death. While i… Read More
2022-05-06 12:25
When you’re making your estate plan, you can choose between many types of trusts. But whichever kind you choose, you’ll have to select a trustee to oversee your and your loved on… Read More
2022-05-05 12:25
What do you want to do when you retire? At first, many people answer, “As little as possible.” Or perhaps they decide to take a few trips they’ve been putting off. But in m… Read More
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