If you’re the executor of someone’s estate, one of the first things that you’ll need to do is take an inventory of the deceased’s assets. In fact, the probate process cannot move forward until this inventory is completed. Kentucky requires the Inventory and...
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Estate Planning
Kentucky probate when someone passes away without a will
The loss of a loved one is nothing less than devastating. Facing the probate process in the wake of your loss adds confusion and stress, especially if your loved one left no will behind. If your family member died without a valid will, Kentucky intestate succession...
The importance of legal help with probate administration
The probate process can be overwhelming in Kentucky. It can involve complex legal steps and paperwork. This can quickly become frustrating for those unfamiliar with estate administration. Bringing in a seasoned legal representative can help ensure that everything is...
What happens to your assets if you die without a will?
If you die without a will in Kentucky, the state decides how your property is distributed based on intestate succession laws. This can lead to unexpected outcomes, given that the outcome may not match your wishes. In a nutshell, the law will prioritize your closest...
4 common mistakes to avoid during the probate process
When a loved one passes away, going through the probate process can be daunting. In Kentucky, probate law governs the distribution of estates, payment of debts and management of assets. Unfortunately, mistakes can be costly and time-consuming to rectify. By knowing...
When to revise your estate plan
Your life is a journey filled with many twists and turns. Keeping up with changes requires handling them both in the moment and with an eye toward how they impact your legacy. While you drafted your initial estate plan based on your assets and relationships at the...
Estate planning: Why creating your own Will can be risky
While estate planning encompasses various elements, the Will is one of the most fundamental components. This is the legal document that outlines how your property and other assets will be distributed among your heirs and beneficiaries after your passing. It serves as...
What is involved in “disclaiming” an inheritance?
Too often, people develop their estate plan without communicating with their loved ones about what they would or wouldn’t like to inherit. They may not take into consideration whether a particular individual actually wants an asset, let alone how it might impact them...
Can your estate plan contradict a prenuptial agreement?
Estate planning involves using multiple tools to solidify our wishes and preferences regarding future asset distribution. Common estate planning tools include Wills and trusts. But did you know a prenuptial agreement can also be a useful tool in your estate plan?...
2 reasons to update your estate plan after your divorce
It isn't particularly pleasant to think about what could happen in the event of one's death or some kind of medical emergency. However, that is exactly what estate planning requires. Individuals need to contemplate what might happen to their property and loved ones in...
