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Estate planning allows you to plan for incapacity and protect your loved ones when you die. You can determine how your assets will be distributed, who will inherit your business, who will raise your kids and so on. So, why do some people avoid it? Here are three...
When a testator (someone who writes a will) dies, their named executor will take the will to probate. If the probate court approves the executor's appointment and determines the will is valid, the executor will give a copy of the will and a notice of probate of will...
Marriages fall apart for many reasons, but when yours ends, you may find yourself navigating residential, custody and other major changes. When you have so much going on, it may not occur to you to update your estate plan. However, failing to do so may lead to trouble...
Writing out your will can be a stressful process due to the fact that you do not want your decisions regarding your estate to cause discord amongst your heirs once you are gone. Some in Owensboro might even try to tell you to bypass the process altogether and instead...
You may have completed vital estate planning and life planning documents, including your last will and testament, your power of attorney document, and a health care directive. Where you place these documents, however, may cause problems if your heirs or family members...
Nothing surpasses the joy you feel when you bring your new child home for the first time. Whether (s)he came to you through birth or adoption, becoming a new parent changes everything. You may not realize, however, that your estate plan is one of the most important...
Americans are living longer than ever these days, and seniors in Kentucky are no exception to this rule. While a longer life span is of interest to almost everybody, it is also important to think about the realities of your golden years. That is, many people will...
A Kentucky estate plan is not just about what happens to individuals’ assets when they die; it should also be about what happens to them and their assets if they become incapacitated. These are the primary concerns of the estate planning tools known as power of...
Once you have children, your focus shifts from you to them. While new parents make many plans for their kids, one plan might not have been considered yet - an estate plan. You need to think about what you want to happen with your children when you pass away so that...
One concern that some individuals have when they are creating an estate plan is what will happen if things change with their situation. The good news is that with the exception of an irrevocable trust, it is fairly easy to change the estate plan as necessary. Whether...