Law Office of Allan E. Dunaway

10/18/2022

The Biden-Harris Student Loan Debt Relief application is open now through December 31, 2023. Republican lawmakers continue to look for ways to challenge the Biden-Harris program so it is advisable to apply for relief immediately to take advantage of the student loan relief. Click here to fill out th...

10/13/2022

The application for student loan relief under the Biden-Harris Student Loan Debt Relief Plan is going live in October, 2022, and the deadline to apply will expire in December, 2023. The White House has now released a preview of the application/process (this opens a link to the White House Twitter fe...

10/07/2022

Whether/when to update older estate documents is usually met with the lawyerly answer of “it depends.” A basic estate plan consists of (1) power(s) of attorney (“POA”), (2) living will directive, and (3) Last Will and Testament. These documents are all governed in Kentucky by statutes. This ...

10/05/2022

What is a Power of Attorney? The simplest way to think about a power of attorney (“POA” for short), is as being just a delegation of legal rights. For example, I have the “right” to manage my money, choose where I live, choose what medical treatment to receive, etc. My spouse has those same ...

08/24/2022

President Biden campaigned on canceling student loan debt, and just under two years into his presidency there’s finally been an announcement that the Department of Education will cut up to $10,000.00 of federally guaranteed student loan debt for borrowers making up to $125,000.00 per year. Like an...

03/17/2022

Most states, including Kentucky, have something called a homestead exemption established by legal statute. An “exemption” is basically a protection for homeowners that “exempts” a portion of real estate from creditors. Kentucky actually has two homestead exemptions, and which one is applicab...

03/14/2022

What is probate? Why does Kentucky have/need it?

Over the course of 20+ years of meeting with estate planning clients in Kentucky, the most common misperception I hear pertains to the probate process – what it is, what is does, and why we have it. It’s not surprising that probate remains a mystery to so many – it is not something taught in [...

02/28/2022

One of the biggest mysteries to many of my estate planning clients is the concept – and purpose – of a living trust. At its core, a trust is simply a contract between a grantor (the person creating the trust) and the trustee (the person/entity managing the trust property) for the benefit of a be...

02/22/2022

Many estate planning clients I meet with express the legitimate concern that upon their death creditors may take their heirs’ inheritance. This is because the probate process in Kentucky (as well as other states) gives creditors the right to receive payment from the assets of the decedent’s esta...

02/11/2022

When I meet with married clients about estate planning, I often hear “we don’t think we really need Wills because we are married, we get each other’s stuff anyway.” Many married couples have the misconception that the fact of being married means each spouse is entitled to the other’s prope...

02/10/2022

The short answer is NO, unless you have consulted with an attorney that is an expert on debt management and reorganization! Even then, if an attorney recommends that option I suggest getting a second opinion. Individuals can face overwhelming debt for numerous reasons including divorce, job loss, me...

01/16/2022

With an estimated $1.7 billion of outstanding student loan debt in the United States, it is no surprise that student loan servicer Navient’s settlement with several state attorneys general was major news recently. The headlines of this news screamed “student loan borrowers to have student loan d...