For many people, a simple will seems like enough of an estate plan to protect their interests and their loved ones. While that may be the case, the estate planning process can be much more intricate when complex distribution schemes, protection from creditors or tax...
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Estate Planning
Can siblings resolve estate disputes peacefully?
Losing a parent is a challenging time for any family. But when inheritance disputes arise, the situation can become even more devastating. These conflicts can put grieving families into a stressful battle of emotions and competing interests. There are many reasons why...
When should you consider updating your will?
A will is a crucial document outlining the distribution of your assets after you pass. However, life constantly changes, and your will should reflect these changes. But when exactly should you consider updating this important document? Below are key moments that might...
How do I contest a will in Kentucky?
Losing a loved one is a difficult and traumatic time and learning you have been left out of a will are not receiving what you expected can make your experience even more upsetting. When you believe the terms of a will are invalid, you may consider contesting it....
How can I avoid probate in Kentucky?
The assets you leave behind when you die usually go through probate. During the probate process, the court reviews your assets before distributing them to your designated heirs or beneficiaries. Although necessary, probate can be costly, time-consuming and stressful,...
What does it mean to file an inventory of the estate?
Estate planning is a necessity for Kentucky residents regardless of their income, assets or family situation. The simplest way to create an estate plan is to have a will. However, when a person writes a will, they might not fully understand everything that goes into...
Disputes arising during probate or estate administration
Navigating the death of a loved one can be challenging; however, coping with their loss may not be the only difficult task you experience. The probate process can bring about complexities and conflicts, resulting in another emotional process to navigate. Whether you...
Do I really need to update my estate?
One of the few constants in life is that it is constantly changing. And, ensuring your estate plan reflects your current life circumstances is crucial for navigating the unexpected twists and turns of life’s journey. Here is why regularly updating your estate plan,...
A surprising demographic is not vigilant about estate planning
Estate planning is an important step for Kentucky residents regardless of their financial position, family situation and goals for the future. In many cases, people do not write a will or use another estate planning option because they do not think they have enough...
How does a divorce affect a will?
Most Kentucky residents who craft a will do so to ensure their property goes where they want it to go after they are gone. This individual, known as the testator, needs to understand how the law works with a will’s validity in every circumstance. One issue that people...