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...
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...
Estate planning strategies may be approached differently depending on whether you are a millennial or a baby boomer.
A millennial is considered to be anyone born between the years of 1981 and 1996 (ages 27-42), whereas a baby boomer refers to a member of the generation born between the...
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...
In Kentucky, pets fall in the same category as your automobile, furniture, clothing, or other assets. This is despite the fact that our pets are beloved members of our family. It is useful to prepare ahead of time with the guidance of an attorney to make sure that your pet is...
The intricacies of estate planning make it an area where professional legal guidance is often crucial, particularly for the protection of your loved ones. Opting for a DIY approach to estate planning may seem appealing, but it often lacks the comprehensive detail and legal foresight necessary to secure your assets effectively....
People with special needs often rely on family members and others for assistance. For example, many people with special needs are unable to work, and they rely on financial support from their families to survive. Others need help performing the activities of daily life, such as going to the store, bathing, etc....
Many people believe that estate planning is only for seniors or people with a lot of money. This isn’t true, however. In fact, most young adults should have an estate plan in place. Because if you are a young adult and don’t have an estate plan, the court will make important decisions...
Estate planning is important. In fact, most adults need an estate plan regardless of wealth or age. If you fail to put an estate plan in place, your assets, ability to make certain decisions, and other important matters will be placed in the hands of the court. And there is a good...
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.
