Estate Planning

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…

When it comes to legal documents, few are as important—or as misunderstood—as a Power of Attorney (POA). Many assume they do not need one unless they’re elderly, sick, or facing a major surgery. However, the truth is that a POA is not just for emergencies. It’s a powerful legal tool that can protect you, your…

Second marriages present a fantastic chance to start fresh, enabling individuals to form relationships based on lessons learned from previous experiences. However, it is important to recognize that remarriage changes family dynamics, creating new relationships and roles while substantially affecting financial circumstances, shared goals, and mutual responsibilities to each other and their families. As a…

Incorporating a charitable donation into your estate plan is known as “planned giving.” This considerate strategy not only enables you to create a lasting legacy that reflects your values and priorities but also inspires others to think about philanthropy within their financial planning. Planned giving also provides numerous advantages, such as lowering your estate and…