First of all, breathe. The ones we lost want us to move on. They want us to live our best lives, and they want us to find happiness again. Though, because it is devastating, surviving spouses are likely not focusing on their financial well-being. But, there are some...
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Estate Planning
Estate planning in a blended family when you own a business
Estate planning can be an important aspect of your wealth preservation. While that may sound obvious, you’d be surprised at how many people either fail to create an estate plan or create one that is so basic and bare bones that the plan itself doesn’t provide enough...
Reasons for contesting a will
There are many wills that go through the probate process without any disruption. The estate’s debts are paid, the beneficiaries receive the property designated for them in the will and the estate is closed. However, there are situations where a person may decide to...
What is breach of fiduciary duty?
You place a lot of trust in the hands of an executor after someone dies. As a fiduciary, they have an obligation to fulfill a duty. In this case, to execute the deceased person’s will with accuracy and honesty. However, not all fiduciaries act with integrity....
What does it mean to be of sound mind?
A will is an excellent testamentary tool that can be included in a Kentucky resident’s comprehensive estate plan. There are many requirements that a will must satisfy in order to be considered valid though. One of those requirements is that the will’s creator must be...
What are a personal representative’s responsibilities in probate?
People in Kentucky may acquire various property throughout their lives. They may also throw away, give away or sell property throughout their lives as well. However, when people die any property that they own will remain and it is important that people have a plan for...
How to plan for incapacity as part of an estate plan
There is the potential for any of us to become incapacitated at some point and unable to manage our own medical care or financial affairs for ourselves. For that reason, an important part of an estate plan is a plan for incapacity if that day comes. How to plan for...
Estate planning should include changes to account for new laws
In Kentucky and across the United States, people who are vigilant and preparing for the future will take the necessary steps in creating a viable and comprehensive estate plan that suits their individual needs. Of course, situations vary and what suits one person is...
How to select a good executor for your estate
Executors may have to handle disputes associated with the estate planner’s estate which is why it is important to carefully select an executor. As part of the process of designating an executor, it is useful to know what to take into account to determine who will make...
Why are wills challenged in probate?
A will is an important testamentary document. Kentucky residents who choose to execute estate plans often include them when they prepare for the distribution of their wealth at the end of their lives. A well-drafted will provides information and clarity to those who...

