Problems with Online Legal Services

With technology and the internet playing an increasingly vital role in our everyday lives, many people have begun using services like LegalZoom or other online legal services to help prepare critical estate planning documents such as Wills and Trusts.  People see these services as a cheap alternative to expensive attorneys.  However, these services cannot replace the valuable legal advice and counseling that you get from an experienced estate planning attorney.  Worse, these services can give you a false sense of security.  When you prepare your own Will or Trust with an online service, you think you have taken care of Read More →

Planning for your Digital Assets

What was the name of your first Pet?  What street did you grow up on?  What was your mother’s maiden name?  These are just a few of the security questions that we all have to answer when setting up an account online, like an email account at Google, online banking, and similar online accounts. So here’s another question:  If you were disabled or deceased, would your family be able access your online accounts?  Would they know where to find your user names, passwords and answers to security questions? This is more than an academic question.  Your online accounts can have Read More →

Terminating Trusts under UTC

In my last post, I gave a brief overview of the new Kentucky Uniform Trust Code.  I specifically discussed two new provisions in the law, specifically that trusts no longer have to be registered with the court and that a parent can represent his minor or unborn children concerning a trust. In this post, I will talk about the ability of a court to terminate a trust upon consent of the beneficiaries. KRS 386B.4-110(2) provides that an irrevocable trust may be terminated if all of the beneficiaries consent to the termination and the court determines that continuation of the trust Read More →
Call us today for a free consultation at (502) 587-7754

Lowry & Lowry, PLLC
Attorneys and Counselors at Law
2225 Lexington Rd
Louisville, KY 40206
Phone: (502) 587-7754
Fax: (502) 416-1184