Estate Planning

A Last Will and Testament is a legal document that outlines how a person’s assets and affairs should be handled after their death. This document allows a person to specify their wishes regarding the distribution of their property, guardianship of dependents, and any other directives they may have regarding their estate. If an individual passes…

A power of attorney (POA) is a vital legal document enabling individuals, especially seniors, to designate a trusted person to make decisions on their behalf when they cannot do so due to health issues or other circumstances. This arrangement guarantees that someone who understands the individual’s preferences and values can manage financial, legal, or medical…

When a person passes away, their belongings are typically distributed among their heirs, including family members, close friends, or organizations explicitly named in their Last Will and Testament or other estate planning documents. The legal process overseeing this distribution is known as probate. Probate is a court-supervised procedure designed to ensure that the deceased person’s…

Probate can bring out the worst in people. Too often, families end up in bitter disputes over estates because the planning wasn’t handled properly. Worse still, some take advantage of elderly family members to gain control over assets. The good news? These problems are avoidable. With a thoughtful plan in place, you can protect loved…

Kentucky does not impose an estate tax, meaning that individuals who pass away in the state will not have their assets taxed at their death. This can benefit estate owners as it allows them to transfer their wealth to their beneficiaries without a significant tax burden on the estate itself. However, it is important for…

Estate planning involves making important decisions about your finances, including how to manage and distribute your money and property after your death. It also encompasses planning for your medical care and ensuring your dependents receive the support they need. These decisions help address various issues that may arise when a person passes away, providing clarity…

Coping with the passing of a loved one can be an emotionally challenging experience. Having to deal with probate issues adds additional complexity and stress to the grieving process, as probate involves managing the deceased person’s estate. Although it can be particularly daunting to navigate the probate process in Kentucky, especially if you are unfamiliar…

In Kentucky, there is a widespread misunderstanding that merely having a Last Will and Testament in place will bypass the probate process. However, this is not the case. Even if you have a Will, your estate may still need to go through probate proceedings. More importantly, it is critical to understand the specific types of…

Certainty is a luxury that is never guaranteed, making preparing for the unexpected an essential task for individuals and families with something worth protecting. While estate planning is traditionally associated with the later stages of life, it’s still significant for individuals at every life stage, including those just starting their adult journey. Contrary to popular…