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Managing an estate during probate can feel overwhelming, especially if you are new to the process. It’s easy to make mistakes that could cause delays, conflicts or legal issues. Understanding the potential pitfalls as an estate executor can help avoid unnecessary...
Earlier this year, we provided a brief overview of intestate succession in Kentucky. When a person dies without a will in Kentucky, their assets are distributed according to the state's intestate succession laws. These laws determine who inherits the deceased person's...
When creating a will, an individual has the right to leave most of their assets to whomever they wish. This can sometimes lead to hurt feelings and conflict among family members. What do you do, however, if you believe that someone exerted undue influence over the...
When someone passes away, their financial assets are going to be passed on to the next generation. This is sometimes done through a will. A parent who has $300,000 and three children may state that each person should get $100,000 from their estate. These types of...
Some people believe that only wealthy people with complicated assets need wills. However, contrary to this belief, anyone may benefit from preparing a will. With a will, heirs will have an easier time accessing assets that the testator left to them. Moreover, it...
If someone makes a will, they typically can determine how much, if anything, to leave adult children (assuming they’re independent or at least have the ability to be). They generally have no legal responsibility to leave anything to parents, siblings or other adult...
When planning your estate, your hope and intention is to better ensure the smooth running and distribution of your assets according to your wishes after you pass away. One of the primary tools used to achieve this is a will, which outlines how you want your property...
When someone dies intestate, it just means that they died without an estate plan – even a will. There are no legally recognized instructions for their family members or other beneficiaries regarding what to do with their assets. This can lead to some negative...
Items with sentimental value can be a wonderful thing during the asset distribution process, after someone passes away and while the estate administrator ensures that the instructions in the will are followed. These items are often family heirlooms, allowing them to...