FCS5-425: Estate Planning Part 5: Wills and Probate in Kentucky

Nichole Huff | April 7, 2022 (Revised)

Unless you have made other provisions, such as a trust, your will is the way to make certain that your property is transferred or disposed of according to your wishes. Your will is also the document that allows you to designate who will be responsible for seeing that your wishes are carried out. This person is known as the executor of your estate. If you fail to make a will or some other legal document for the transfer of your property, Kentucky law will determine how your assets are transferred.

FCS5-436: Estate Planning Part 9: How to Settle an Estate

Nichole Huff | April 7, 2022 (Revised)

There are only three basic steps to settling an estate. But working on each step requires time and patience. Settling an estate is done in these three steps: 1. File a petition to probate the will and appoint the executor or fiduciary. 2. File an inventory of the estate. 3. Submit a final accounting of the estate's affairs.

FCS5-428: Estate Planning Part 10: A Glossary of Terms

Nichole Huff | April 7, 2022 (Revised)

A glossary of estate planning terms.

FCS5-423: Estate Planning Part 3: Selecting Your Team

Nichole Huff | April 7, 2022 (Revised)

Attorneys who specialize in estate planning are the most likely legal professionals to be up-to-date on state and federal laws related to wills, trusts, and taxes. Choose one with estate planning experience to help assure that your plans are carried out correctly. If you are considering establishing a trust, choose an attorney who also has experience in writing trusts.

FCS5-427: Estate Planning Part 7: Federal and State Estate Taxes

Nichole Huff | April 7, 2022 (Revised)

When a person dies, the value of his or her estate is subject to federal estate taxes. Estate taxes must be paid before the executor can transfer ownership of the property to the heirs. A professional accountant or attorney who specializes in estate planning can help you calculate your potential estate tax.

FCS5-420: Estate Planning Part 1: Getting Started

Nichole Huff | April 7, 2022 (Revised)

Many people fail to make plans to transfer their property and possessions at the time of their death. Some people think such plans are only for the rich. Other people think that they can plan for the transfer later and then never take time to do it. Some people think they do not need estate planning and that everything will be all right for their families when they die.

FCS5-474: Moving out of Your Parents' Basement: Should You Buy or Rent?

Caitlin Grasson, Jennifer Hunter | December 12, 2019 (New)

It is increasingly more common for emerging adults to live with their parents for longer or to move back in with them after college. Either way, emerging adults (and their parents) have a goal of eventually being fully independent. Before moving out of your parents' house, there are some things you need to know, things you can be doing to prepare, and some things to consider. Let's start with some basics you may need to know before you get out into the real world by yourself.

FCS5-472: Savvy Sellers and Bargain Hunters: Online Edition

Alex Elswick, Jennifer Hunter | October 4, 2019 (New)

For centuries, the town marketplace has been the hub of buying and selling. The same is true today, although the nature of the marketplace has changed. Buying and selling is shifting from brick-and-mortar-type stores to online retailers. The U.S. Census Bureau reported nearly $453.5 billion in e-commerce sales in 2017. As a consumer, it is important to know the pros and cons of online marketplace transactions. It is helpful to be aware of potential pitfalls when buying and selling online, ways to protect your identity, and which online marketplaces are available.

FCS5-473: Understanding Credit and Credit Scores as a Young Adult

Caitlin Grasson, Jennifer Hunter | October 4, 2019 (New)

Talking about credit and credit scores can be both boring and overwhelming for young adults. However, it is important to know what credit is and how it impacts your future. Do not put off learning about credit scores until you are ready to buy your first house or car. Being proactive can help you avoid future headaches and put you on a path toward being an independent adult.

FCS5-469: Travel Arrangements

Alex Elswick, Brooke Jenkins-Howard, Sally Mineer | July 2, 2018 (New)

Going on a vacation is supposed to be a relaxing, stress free experience. Unfortunately, you cannot relax until you have made all of the arrangements for your vacation. Where will you go? How will you get there? How will you spend your time? Giving adequate forethought to get ready for your trip will make for a more enjoyable vacation. One option for consumers is to seek professional help from a travel agent or other travel professional.