Estate planning

When planning your estate, you may wish to provide for your pet’s well-being after you pass away. Many pet owners explore the idea of naming their pet as a beneficiary.  However, in Kentucky, the law categorizes pets as property, preventing them from directly...

When a person passes away in Kentucky, their estate must go through the probate process. This process includes determining the value of the decedent’s gross estate. The gross estate encompasses all the assets owned by the decedent at the time of death, which will be...

Estate planning is an important process that distributes assets according to your wishes after you pass away. One rule often used in estate planning in Kentucky is the '5 or 5 Rule.' This rule is particularly relevant for those who have set up trusts as part of their...

Losing a loved one is difficult, and handling their will as a part of the estate planning process can add to the stress. It may be helpful to understand some key signs that a will in Kentucky should be contested.  Sudden changes to the will If your loved one made...

Marriage is a significant milestone in one's life. For some people, it happens more than once. When you enter into a second marriage, it helps to consider the unique estate planning implications. Kentucky's intestate succession laws Kentucky follows intestate...

From social media accounts to digital files, a digital footprint is becoming increasingly important. Therefore, you should consider not only our physical belongings but also our online presence when planning for the future. Inventory your digital assets Are you one of...

Someday you may have the responsibility of overseeing the assets of a loved one who has died. However, it is not always true that you will administer a last will and testament. Some people put their assets into a trust, which means you might become a trustee to take...

In the journey of life, preparing for the unforeseen is a wise course of action. One aspect often overlooked is estate planning, a powerful tool that goes beyond just distributing assets. It can significantly reduce the burden of tax implications for your loved ones,...

When it comes to passing on assets to heirs, a well-constructed will is of the utmost importance. However, will contests can arise and complicate matters for everyone involved. While you cannot always prevent conflict in your family, some steps can decrease the chance...

Divorce is a significant life change that requires you to look at almost every aspect of your life. One thing that some people don’t realize they should check is their estate plan.  While it might be tempting to change your entire estate plan as soon as you know...