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A will is the most basic option when creating an estate plan. For people in Kentucky, having a will is a protective device that will ensure their property goes where they want it to go after they have died. However, it is not uncommon for family members and people who...
Estate planning is how you plan for your medical wishes, end of life and what you want to happen after you pass. However, while Kentucky estate planning laws are similar to those of other states, there are some unique quirks that you should be aware of. Estate tax...
When you are appointed a personal representative for someone’s estate in Kentucky, you must go through the probate process. If you have never done this before, you are likely to have many questions about probate and what it involves. Probate is the process of settling...
Have you considered creating a revocable living trust? According to Kentucky Revised Statutes Chapter 386B.4-020, a grantor has to be of sound mind, possess an intention of establishing a trust and have an intended beneficiary to create a living trust (or any other...
It’s natural to want to do the right thing by your family, but the last thing on your mind is planning for your death. However, we all have to go at some point, and you won’t take your assets with you. For these reasons, it’s crucial that you choose an executor for...
A will help plan how someone's estate will be handled after they pass away. A will may even establish who will be the executor and power of attorney. Many people write one or two wills during their lifetime. You may have been talking to your parents recently when the...
A new year is a great chance to get your estate plan taken care of. If you’re one of the adults who doesn’t have one yet, now is the time to put everything in writing so your loved ones know what to do when you pass away. Creating your estate plan also provides...
One of the key goals for most people in estate planning is making things as uncomplicated as possible for their loved ones after they’re gone. If you’ve got some substantial assets you’re going to leave to family members or other beneficiaries (like a home, a car and...
Nearly all families in America have that one relative who cannot seem to control the way they spend. They often spend large sums of money on questionable investments, frivolous luxury items or extravagant gifts for friends. When this is your adult child or another...
Estate planning is a topic many Russell, Kentucky, residents avoid, usually because it is strongly associated with end-of-life matters. We know thinking about a time when you are not around for your loved ones is hard. However, once you address estate planning, you...