Writing a will is one of the most important steps you can take to protect your loved ones and ensure your wishes are honored. A well-crafted will provides clarity and guidance, making what can be a challenging time for your family a little easier. Without a valid will, Kentucky law will determine...
Many people believe that once they’ve set up their estate plan, the process is over. In truth, estate planning is an ongoing project, and reviewing your plan every year is essential for protecting your interests and your family’s future. If you haven’t looked at your estate plan documents in a while,...
Planning for the future is a crucial step in ensuring your loved ones are cared for and your assets are distributed according to your wishes. When it comes to estate planning, two of the most common tools are wills and trusts. Understanding the differences between these legal instruments and their respective...
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...
Estate planning is the most important thing you can do for your family’s future. Even if you don’t have many assets, there are multiple benefits to executing an estate plan. Of all the estate planning documents, two most common are wills and trusts. In this article, we examine wills and trusts...
If you have a Special Needs child or loved one, a Special Needs Trust may allow you to leave them an inheritance without disqualifying them for public benefits (for example SSI or Medicaid).
Creating this type of Trust for someone else is called a Third Party...
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,...
