If you are young and healthy, you probably think of estate planning as something only older or ill individuals need to worry about. However, even if this is the case, it is still prudent to consider your estate planning needs. Engaging in estate planning is not about being pessimistic, but it is...
Estate administration in Kentucky involves a series of steps that ensure the decedent's assets are distributed according to their will (if one exists) or Kentucky's intestacy laws (if there is no will). It can be a complex process, but understanding the key steps and strategies can help ensure the administration process goes...
Life insurance planning is crucial for securing your financial future and providing peace of mind for your loved ones. Whether you are considering the purchase of your first policy and want to incorporate estate planning in that as well or looking to simply change your coverage, understanding some estate considerations and tax...
Once a person passes on, someone has to attend to and wrap up their financial affairs. This is referred to as settling the estate. It involves collecting the deceased’s assets, paying their debts, and distributing the remaining assets according to the terms of the will or according to the state law in...
While not a pleasant topic of discussion, circumstances sometimes arise where a loved one is no longer able to take care of themselves or manage their own affairs. When that occurs, you might find yourself contemplating whether having a court appoint a guardian is appropriate. If you determine this might be beneficial,...
Are you contemplating either becoming a power of attorney for a loved one or needing to appoint a power of attorney on your behalf? In Kentucky, powers of attorney play a crucial role in granting individuals the authority to make decisions on behalf of others regarding legal and financial matters. These...
Are you aware of the Kentucky inheritance laws that could affect your estate? Understanding these laws is key to planning for the future and protecting your loved ones. Here’s what you need to know.
What Happens to Your Assets If You Die Without a Will in Kentucky?
Estate planning for unmarried long-term partners is essential for legal protection, clarity in asset distribution, and ensuring the security and wishes of both individuals are upheld. Couples like Goldie Hawn and Kurt Russell recently made headlines when they explained why they never married. Estate planning is crucial for unmarried long-term partners,...
Our “'digital footprint” encompasses everything from social media profiles and email accounts to photos and videos, as well as online banking information. As we navigate through the digital age, the importance of incorporating these virtual elements into estate planning has become increasingly apparent. Just as we plan for the distribution of...
In general, a beneficiary might be able to petition for the removal of an executor if there are valid reasons. Executors In Kentucky have fiduciary duties, and beneficiaries might seek their removal for breach of these duties or other serious issues.
Common Grounds for a Beneficiary to Remove...