Estate Planning

When a person in Kentucky dies without an estate plan, the assets they have are distributed according to the intestate laws in the state. The law dictates who will inherit property based on the person’s relationship to the decedent.  Intestate succession in Kentucky...

Many people know that estate planning has to do with ensuring that their assets are passed down according to their wishes. Some may not realize that a part of the estate planning process has to do with setting instructions for what happens if they become...

If you’re planning to divorce and you already have an estate plan (even if it’s just a will), you will likely need to make some modifications to it. How extensive those modifications need to be depends largely on how many estate plan documents you have and how complex...

When creating an estate plan, a trust is a tool that you can use to hold assets. It is essentially funded with your own financial assets – or tangible assets – and then these can be transferred to the beneficiary by the trustee. For example, you could put $100,000 in...

If you’ve been named as the estate executor, you may be wary about disputes. You know that they can get complicated. But people who are direct descendants or who were included in the estate plan may have a right to challenge that plan. One important thing to do is to...

Old movies and plays sometimes show all the family seated together in a room waiting for their loved one’s will to be read out to them all at once. That rarely happens these days. Instead, people are generally notified individually of what the will says. Nonetheless,...

A power of attorney (POA) is a document that empowers an agent or representative to act on behalf of an individual or “principal.” The POA has the authority to make decisions that would be in the best interests of the principal.  There are several things you should...

During the testator’s life, they appointed a trusted executor in their estate plan. The executor’s main role is to settle the estate by carrying out the instructions laid out in the testator’s will.  The executor has many duties to fulfill before an estate is settled....

If you’re like a lot of people, you’ve postponed creating your estate plan until you’re well into your senior years. Maybe you have one in place, but you haven’t updated it in some time (or ever), and you want to make some significant changes. You may have some...

Suffering from a disability or other impairments can take a significant toll on an individual. When these conditions make them incapacitated, they may need help from someone else to make personal and medical decisions on their behalf, which typically happens in...