Estate Planning

When a loved one passes away, financial questions often arise alongside grief. One common concern in Kentucky is whether an inheritance will be taxed—and if so, who is responsible for paying that tax. Kentucky’s inheritance tax rules are frequently misunderstood, and many people assume all inheritances are taxed. In reality, that is not the case….

Trusts are an important part of estate planning for many Kentucky families, but choosing the right type of trust can feel overwhelming. Two of the most common options are revocable trusts and irrevocable trusts. While both can help manage and distribute assets, they serve different purposes and come with different legal consequences. Understanding how each…

When a loved one passes away and you discover that their will does not reflect your expectations, you may experience shock and emotional pain. Sometimes, a family member may have legitimate reasons to contest the validity of a will.  However, under Kentucky law, there are strict time limits as to when a will contest can…

Many people assume that if they pass away, their property automatically goes to their spouse or children. However, that’s not true – without a valid will, Kentucky law decides who inherits.  This process is called intestate succession. It follows a specific legal order under Kentucky Revised Statutes (KRS) Chapter 391.  In this article, we will…

In Kentucky, estate planning will often mean that you create a will, a living trust, or sometimes – even both. In order for families to plan efficiently and minimize any complications after a loved one has passed, it’s important to understand the differences between the two.  Whether your goals are to avoid probate, to manage…

Planning for a minor child’s care is an essential step in estate planning. If you do not appoint a designated guardian in your Kentucky will, the court may choose someone else for your children, someone who may not be aligned with your wishes.  To avoid this unpleasant outcome, Kentucky law allows parents to appoint a…

Owning a small business is more than a job—it’s a dream, a source of income, and often a family legacy. But what happens to that business if you can no longer run it or unexpectedly pass away? Without a clear estate plan, years of hard work could be put at risk, leaving your family and…

When most people think about estate planning, they picture wills, homes, and bank accounts. But in today’s world, there’s another important category to consider: digital assets. These can hold financial value, sentimental meaning, or both. Let’s break down what digital assets are, why they matter, and how to include them in your estate plan. What…

When people think about estate planning, they often focus on Last Will and Testaments or trusts. But just as critical, and sometimes even more so, are powers of attorney. These legal tools ensure your affairs are handled if you’re unable to speak or act for yourself. Without the right documents in place, your loved ones…