Celebrity Estate Planning Blunders

Celebrity Estate Planning Blunders

Pitt & Emison Estate Planning

Actors seem to have it all, but money and fame do not prevent poor estate planning! Although most of us will never have tens of millions of dollars in our estates, the planning mistakes of these celebrities illustrate why having a well-designed estate plan is essential. Comedian, Robin Williams, left the majority of his estate to his three children, and ...
5 Common Estate Planning Mistakes

5 Common Estate Planning Mistakes

Pitt & Emison Estate Planning

Mistake #1: Thinking you don’t need a plan. Everyone over 18 needs some estate plan. Estate planning is not just for the old and wealthy. No matter how small your estate, having a plan significantly increases your control over how your assets are distributed upon your death, and decreases the burden on your loved ones. Even college students should have ...
Medical Authorization from Your Over-18 Children

Medical Authorization for Your Children

Pitt & Emison Estate Planning

My parents sent me off to college, and although they expressed concern about a variety of issues, never once did the need for emergency medical care ever come up.  I'm willing to wager that your parents didn't mention it to you either.  I'm now a parent, and my daughter is still a few years from college, but I'm sure she'll ...
Kentucky Uniform Trust Code

Kentucky’s Uniform Trust Code

Pitt & Emison Estate Planning

As of July 15, 2014, the Kentucky Uniform Trust Code (“UTC”) went into effect.  The full text of the UTC can be found in KRS Chapter 386B.  The UTC applies to all enacted express trusts, including those which were in existence prior to July 15, 2014. The UTC is full of information about which we could spend hours discussing.  Here ...
VA Pension Benefits

VA Pension Benefits

Pitt & Emison Estate Planning

Many wartime veterans and their surviving spouses are currently receiving long-term care or will need some type of long-term care in the near future. The Veterans Administration has funds that are available to help pay for this care, yet many families are not even aware that these benefits exist. Types of Benefits: Pension with Aid and Attendance pays the highest ...