Imagine stepping into the next thrilling chapter of your life as newlyweds, a world filled with shared dreams, laughter, and togetherness. Yet amidst the joy, an unexpected question lingers, one concerning the fate of your assets, your hard-earned financial reserves, in the unfortunate event of something happening to you. You might...
The passing of ownership from parent to child, or other family member, is fairly common in a family-run business. What might have started first as a necessity has, through time, become tradition and is still a point of pride among many business owners. As the business owner, you will want to provide...
Being the executor of an estate can be a time-consuming job, depending on the size and complexity of the estate. A simple estate can take a few months and not require a huge time commitment. However, if there are problems, the job can drag on for years.
Legislative changes in July 2020 saw the exemption amount for Kentucky probate estates double from $15,000 to $30,000. This means that the living spouse of the person who passed away is entitled to receive the first $30,000 of the deceased spouse’s estate before any of the estate will be used to...
Check out this great article (featuring our own, Josh Berkley!) for insight into how debt is treated upon death. This is just one of the many issues on which estate and probate attorney Josh Berkley provides personal consultation as part of our estate planning services.
As always,...
