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,...
Category: Estate Planning
Understanding Kentucky Powers Of Attorney
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...
Kentucky Inheritance Laws You Should Know
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?Why Long-Term Unmarried Relationships Should Have An Estate Plan
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,...
Practical Considerations to Include Your “Digital Footprint” In Your Estate Plan
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...
When Does a Beneficiary Have the Right to Remove an Executor?
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...What Significant Life Events Would Warrant A Call to Your Estate Planning Attorney?
Proper estate planning ensures that one's assets and healthcare wishes are followed according to an individual’s desires when they make decisions for themselves and their families. Certain significant life events often warrant a review and/or change to your estate planning documents. Berkley Oliver PLLC has experienced estate planning attorneys who can help...
How Can You Protect Your Home From Medicaid?
Protecting your home from Medicaid in Kentucky can be a complex and sensitive issue. Very often our home is our greatest asset. As a result, the thought of losing it can provoke anxiety when trying to plan for Medicaid eligibility.
Medicaid is a federal and state program that provides...
Benefits of Preparing an Inventory of Your Assets and Documents For Your Loved Ones
An estate planning inventory is a comprehensive list of all of an individual's assets, liabilities, and other relevant information that will be essential for estate planning purposes. Creating an inventory can simplify the estate planning process, and is particularly useful in ensuring that all assets are considered when creating or updating a...
Blended Families: What to Consider in Your Estate Plan
Estate planning for blended families can be more complicated than for traditional families due to the unique dynamics and potential for conflicts among step-relatives. We have all heard of situations where one spouse dies in a second marriage and there are biological children involved from the first marriage or relationship. They may...