Estate planning is essential for most people, regardless of income or age. However, many people have misconceptions about the estate planning process. In this article, we explain the estate planning process in Kentucky. For additional information about estate planning in Kentucky, please contact an experienced Kentucky estate planning lawyer.
Most people are familiar with estate planning and its importance. Lesser known, however, is the concept of legacy planning. Legacy planning allows you to leave behind much more than your assets. Specifically, through legacy planning, you can pass along your morals, values, faith, and philosophy to your beneficiaries. In this article, we...
Most adults in the U.S. do not have a will or a trust. According to a survey by Caring.com, only 33% of Americans have one of these estate planning documents. If so many people don’t have a will, you might be wondering whether you need one. Your family can just figure out...
Hello everyone, Josh Berkley here.
I ran across this interesting (and disturbing) article on NJ.com. Folks, be aware that there are non-attorneys out there offering to help people apply and qualify for Medicaid - as you can see in this article discussing the company "Advanta," this can be problematic. In this instance, Advanta...
Everyone is susceptible to injuries and illness. Therefore, the creation of power of attorney documents is an essential part of the estate planning process. By drafting power of attorney documents, you ensure that your wishes regarding your health and finances will be honored should you ever become incapacitated. In this article, we...
A trust is often an essential part of a comprehensive estate plan. Trusts offer several benefits, including the avoidance of probate, which can be an expensive and lengthy process. In addition, there are several types of trusts available in Kentucky, each of which offers specific benefits to grantors and beneficiaries. In...
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Probate is a process that involves the authentication of a person’s last will & testament, the resolution of any outstanding taxes or debts, and the distribution of assets to the deceased’s rightful heirs. Although it is possible to avoid probate by creating a comprehensive estate plan with the assistance of an experienced...
Many people are under the impression that a last will and testament is all that is needed when it comes to estate planning. Unfortunately, however, a will by itself sometimes isn’t enough. Instead, most people require a comprehensive plan that consists of several estate planning documents. One key estate planning tool is...
Many people make New Year’s resolutions. Unfortunately, however, many people also fail to keep them. One resolution that everyone should keep, though, is a thorough yearly estate plan review. A lot can happen in a year, and it’s important that your estate plan reflect this. In this article, we discuss some common...
