When you pass away without a will in Kentucky, the state steps in to decide how your assets get distributed. This process is called intestate succession, and it follows a specific legal framework that may not align with your personal wishes. How Kentucky distributes...
A History Of Growing Trust In Kentucky
Estate planning
5 common reasons that can slow down probate in Kentucky
You may expect probate to move quickly after a loved one passes away. Instead, the process can take longer than families first expect. That delay can add stress during an already difficult time. If you recently opened an estate, knowing the common causes of probate...
Top 3 major life events that require an estate plan update
If you live in Louisville, Kentucky, your estate plan should reflect your current life. When your family, assets or responsibilities change, you should update your will and trust to match. If you do not, Kentucky law will enforce your existing documents as written and...
Who should serve as executor of your estate in Kentucky?
Who should serve as executor of your estate in Kentucky? Choosing an executor is one of the most important elements of your estate plan. This person will guide your estate through the Kentucky probate process after your death. Your choice affects how quickly the...
How does Kentucky law handle inheritance for stepchildren?
In Kentucky, stepchildren do not automatically inherit from a stepparent unless the stepparent takes specific actions. Understanding how inheritance works for stepchildren can help families create effective estate plans. Inheritance rights without a will When someone...
Is a handwritten will valid in Kentucky?
If a person delays estate planning, they might consider scribbling a last will and testament on a piece of paper, hoping to cover their wishes. This type of document is often called a holographic will, but is it valid? What the law requires State law is specific about...
5 overlooked items to include in a trust
When you create your trust, you may forget to include certain key aspects. A trust can protect your assets effectively, but only if you make it comprehensive. By seeing your estate as a whole, you can prevent gaps and ensure every aspect of your personal plan is...
What is the importance of an estate inventory?
When handling an estate, creating an estate inventory stands as one of the most important steps. An estate inventory lists all assets and liabilities that belong to a deceased person. This process ensures smooth administration of the estate and helps fulfill the...
Important estate planning updates when you have a baby
Having a baby brings excitement and joy, but it also means you need to update your estate plan. Your new family member changes your financial and legal responsibilities significantly. Making timely changes helps protect your child’s future and ensures you clearly...
What is a durable power of attorney?
A durable power of attorney (DPOA) is a legal document that grants someone the authority to make decisions on your behalf. The person you choose, called your agent, can manage financial or healthcare matters if you cannot make decisions yourself. This document remains...