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...
Medicaid Planning and Applications by Non-Lawyers, A Risky Proposition
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...
An Overview of Powers of Attorney in Kentucky
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...
The Steps to Creating a Trust in Kentucky
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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The Probate Process in Kentucky
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...
An Overview of Revocable and Irrevocable Trusts in Kentucky
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...
Reasons to Update Your Estate Plan in the New Year
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...
What is the Role of an Estate Planning Attorney?
Estate planning is all about ensuring that your family understands your desires regarding your affairs and assets in the event of your incapacitation or death. However, many people find the estate planning process intimidating. This is where an experienced estate planning attorney can help. If you are interested in creating an...
Reasons to Avoid Probate in Kentucky
One of the primary advantages of estate planning in Kentucky is the avoidance of probate. Probate is a legal process by which a deceased person’s assets and debts are addressed by the court. During probate, the court takes stock of the deceased’s assets, pays his or her debts, and distributes the...