A will is a crucial estate planning tool that lets you decide who will inherit your assets when you die. If you die without a will, Kentucky intestacy laws will determine what happens to your hard-earned assets. And you may not like this. However, in order for your...
A History Of Growing Trust In Kentucky
Estate planning
3 ways to safely handle debt in your estate plan
The debts that you owe influence your monthly budget and your lifestyle. If you don't have your debt under control, it could also play a role in the legacy you leave for the people you love when you die. Your responsibility to repay your debt passes to your estate...
2 important requirements for a valid will in Kentucky
There's a reason that there is so much misinformation out there about estate planning rules. Even those with good intentions could give you advice that won't actually help you. Estate planning laws are different when you cross state lines, which leads to some...
Tips for avoiding estate disputes
When you're making your estate plan, you may be considering the fact that your heirs could wind up in a dispute. You know that this can be very problematic for some families, with people getting into such fierce disagreements that they have a long-term falling out....
Avoiding challenges when you serve as the executor of an estate
Estate administration is largely a technical process. The person handling the estate needs to file specific paperwork with the courts and send formal notice to entities with an interest in the estate. They must be certain to uphold both state law and the instructions...
What actions does a Kentucky financial power of attorney allow?
Powers of attorney are some of the most beneficial estate planning tools. The state of Kentucky allows you to create a financial power of attorney and one that addresses healthcare. For the aging or elderly, these documents offer a great deal of protection and peace...
Will your debts leave your loved ones without an inheritance?
Your will and other estate planning documents provide your executor with guidance about what to do with your property after your death. Most people think about how they want to do distribute their belongings and who will care for their dependent children or pets....
Important estate planning updates when you have a baby
Anytime you go through a major life change, it is important that you review and update your estate plan. One such life change is the addition of a new member into the family through birth or adoption. Whether it is your first child or a later addition, it is important...
What should I include in a will?
You likely know how good of an idea it is to create a will, but do you know what to put in it? Ensuring that your will contains all the pertinent information is vital to making the most out of this estate document. According to AARP, you can include almost anything...
What factors should you weigh when selecting a guardian for your kids?
A pregnancy or birth often makes people conscious of their own mortality and their concern for their child's future -- and that means getting an estate plan in order and selecting a guardian for their child in case they cannot be there to raise that child to...