Timothy Barrett, Trust Counsel
Senior Vice President, Argent Trust Company
Timothy Barrett is a senior vice president and trust counsel with Argent Trust Company. His expertise in multiple states for trust and estate planning, family governance, special needs trusts, business succession and wealth transfer furthers Argent's clients' personal and generational financial success.
Prior to Argent, he served as a wealth adviser for J.P. Morgan Private Bank and PNC Private Wealth Management, and had a private law practice focusing on tax, trusts and estate law. Timothy is a graduate of the Louis D. Brandeis School of Law at the University of Louisville.
Timothy is a board member of the Metro Louisville Estate Planning Council, past president of the Estate Planning Council of Southern Indiana, member of the Louisville, Kentucky and Indiana Bar Associations, the University of Kentucky Estate Planning Institute Program Planning Committee, and volunteers for the Center for Women & Family as an advocate and public speaker.
Office: 502.242.7561
Mobile: 502.744.5008
E-mail: TBarrett@ArgentTrust.com
Website: argentfinancial.com
For Entrepreneurs, Confidence in Your Advisers Is Your Most Important Investment
entrepreneurship
For Entrepreneurs, Confidence in Your Advisers Is Your Most Important Investment
When your business and estate are at stake, can you really count on the people who are helping you? Trust in your team starts with asking the right qu…
November 24, 2021
Generation-Skipping Transfer Tax Basics
tax planning
Generation-Skipping Transfer Tax Basics
If your estate is big enough, you should know how generation-skipping transfer taxes work, and how to avoid paying more than you must.
October 22, 2021
How Does a Spendthrift Trust Differ from an Asset Protection Trust?
estate planning
How Does a Spendthrift Trust Differ from an Asset Protection Trust?
Spendthrift trusts include similar protections to an asset protection trust and are more widely respected in other states, but they also come with the…
August 6, 2021
What Role Should Your Children Play in Your Business Succession Plan?
small business
What Role Should Your Children Play in Your Business Succession Plan?
A well-structured business succession plan covers a lot of ground: taxes, trust strategies, market valuations and much more. But some of the trickiest…
June 28, 2021
Legal Advice for Parents with Kids in That ‘Awkward Stage’ of Semi-Adulthood
personal finance
Legal Advice for Parents with Kids in That ‘Awkward Stage’ of Semi-Adulthood
Your child is over 18 and legally an adult, but still your dependent. Say he’s away at school and is in a car crash. Would you have the right to talk …
April 26, 2021
Getting the Best of Both Worlds from an Irrevocable Trust
estate planning
Getting the Best of Both Worlds from an Irrevocable Trust
Irrevocable trusts open the door to important tax strategies, but they mean the loss of control of the assets held in the trust … or do they? Today’s …
April 5, 2021
Your Relationship with Your Financial Adviser? It’s Complicated
Financial Advisers
Your Relationship with Your Financial Adviser? It’s Complicated
Social scientists theorize that people have two main decision-making styles: mostly emotional or mostly rational. This can make a financial adviser’s …
March 4, 2021
2 Key Traits Smart Investors Share with Great Chess Players
investing
2 Key Traits Smart Investors Share with Great Chess Players
Watching “The Queen’s Gambit” got me thinking about how investing and chess have some fascinating similarities. To be successful, you must look many m…
December 17, 2020
The Politics of Election-Year Financial Planning
retirement
The Politics of Election-Year Financial Planning
The competing candidates for president are polar opposites in terms of taxes, adding a new urgency to year-end tax planning. Just what are they propos…
October 24, 2020
When Businesses Fail or People Can’t Pay Bills, Liability Limits Can Save the Day
personal finance
When Businesses Fail or People Can’t Pay Bills, Liability Limits Can Save the Day
From LLCs to trusts, protections are here to help — not just companies and individuals, but our whole economy itself. So, anyone struggling in these t…
September 18, 2020
How to Take Control of Your Future in the New Economy
personal finance
How to Take Control of Your Future in the New Economy
Businesses have tightened their belts and found new ways to earn money, and so should you.
August 21, 2020
Who Can Still Do a Stretch IRA after the SECURE Act: Explaining the Exceptions to the Rule
IRAs
Who Can Still Do a Stretch IRA after the SECURE Act: Explaining the Exceptions to the Rule
Many beneficiaries who inherit IRAs lost a major tax break recently, but five types of people still qualify for this “stretch IRA” benefit. Are you am…
August 3, 2020
The Secret to Post-COVID Networking? Being There
retirement
The Secret to Post-COVID Networking? Being There
The days of happy hours, conferences and corporate mixers seem long ago, thanks to coronavirus. But there is an effective, surprisingly low-tech way t…
June 3, 2020
Wealth Advisement Could Change Due to Coronavirus
retirement
Wealth Advisement Could Change Due to Coronavirus
Businesses of all types are adjusting to the new normal, and wealth advisory services are changing with the times, too. Some of these changes eventual…
April 1, 2020
Tax Planning Strategies for the 1% Are a Gamble
taxes
Tax Planning Strategies for the 1% Are a Gamble
Families with $30 million to $60 million in low-cost-basis assets must put their chips down on one of two bets: Count on the current high federal esta…
February 13, 2020
Spot the Warning Signs of Fiduciary Financial Abuse
retirement
Spot the Warning Signs of Fiduciary Financial Abuse
Fiduciaries are expected to do right by those they represent, but that isn't always the case. They often work with little or no oversight, so abuse is…
November 27, 2019
Protecting Teens' Mental Health Is a Wise Investment
college
Protecting Teens' Mental Health Is a Wise Investment
As kids settle into college life, parents and teachers need to be on the lookout for signs of anxiety and depression and be ready to step in to help.
November 7, 2019
How a Special Needs Trust for Your Child Can Fall Apart
retirement
How a Special Needs Trust for Your Child Can Fall Apart
One woman's struggle to keep a roof over her head and food on the table for herself and her disabled daughter shows what can happen when an ex or othe…
September 18, 2019
Why I Hate Monte Carlo Analysis and Other Financial Projections
retirement
Why I Hate Monte Carlo Analysis and Other Financial Projections
The problem with these types of plans, which reassure people that they will be OK "no matter what," is that they are used to comfort investors rather …
August 14, 2019
Trusts 101: Why Have a Trust?
retirement
Trusts 101: Why Have a Trust?
Trusts aren't just for very wealthy or complicated estates. They could be helpful for many "average" folks, too. Here are the basics of trusts: what t…
June 11, 2019
Estate Planning for Single Parents
estate planning
Estate Planning for Single Parents
How to get started making some of the most important decisions a parent can make.
May 20, 2019
How Transfer-on-Death Accounts Can Fit Into Your Estate Planning
retirement
How Transfer-on-Death Accounts Can Fit Into Your Estate Planning
Also known as joint accounts, these types of accounts let their owners pass on small estates in a simple way.
March 18, 2019
Why You May Need a Pro Trustee: Trust Administration is Not Just Common Sense
retirement
Why You May Need a Pro Trustee: Trust Administration is Not Just Common Sense
Even smart, ethical, well-intentioned trustees could find themselves in trouble, possibly facing a judgment that they could be forced to pay from thei…
January 14, 2019
How to Choose the Right Trustee for Your Estate
retirement
How to Choose the Right Trustee for Your Estate
Who is the right person to watch out for your interests after you're gone: A family member, a member of your financial team, a bank, a professional tr…
November 27, 2018
Wealthy People Have Smart Financial Habits. But There's More.
retirement
Wealthy People Have Smart Financial Habits. But There's More.
Having enough money for a sweet retirement takes more than just saving. It takes smart spending and discipline. If you're falling behind, it's time fo…
October 9, 2018
What Makes an Investment Right or Wrong for Your IRA?
investing
What Makes an Investment Right or Wrong for Your IRA?
When you think about IRAs, you're probably thinking stocks and bonds. But private equity investments can open new doors to some retirement savers.
September 6, 2018
Is Your Child at Risk of Catching 'Affluenza'?
retirement
Is Your Child at Risk of Catching 'Affluenza'?
Kids from wealthy families aren't immune to behavioral problems. In fact, in some ways, they may be more at risk. As we see with the case of Ethan Cou…
August 20, 2018