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?...
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Estate Planning
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...
What happens when your loved one dies intestate in Kentucky?
Like most Americans, a good number of Kentuckians do not have a will that provides direction on the future of their estate when they die. The legal term for when someone dies without a will is “dying intestate.” If your loved one dies intestate, you may wonder what...
Estate planning mistakes to avoid
When planning the future of your estate, you cannot afford any loose ends. Otherwise, you may not achieve your estate planning objectives, and your loved ones may be left dealing with the consequences. Some of the common mistakes many make are avoidable and fixable...
What assets can bypass probate in Kentucky?
When someone dies, it can create a lot of hardship. Of course, there is immense grief for the surviving loved ones to process in the wake of the loss. The planning of the funeral, traditional memorial rites or celebrations of life can feel like an impossible load to...
2 financial obligations that can pass to the executor during probate
Managing someone's estate is a lot of work. You have to locate their will, secure property, resolve financial matters and distribute property according to state law or their will. You will likely have to sacrifice time at work to attend court or manage estate affairs....
It’s never too early to make a will
The idea of creating a will may have seemed a bit premature while you were still finishing your degree at Kentucky State University. But, now that you've settled into your career and expecting your first child, the thought is more on target. You may still think that...
If tragedy strikes, what happens to your kids?
Upon the birth of a child the priorities of most young parents change quickly to focus on the baby. Wanting to make sure their children are well cared for and safe usually remains a focus for parents throughout childhood. Despite these motivations, many young parents...
What is an Estate Plan?
Estate planning is a topic that touches everyone's life, yet many people are reluctant to create an estate plan. Learn why it's critical to create an estate plan if you have a family and what the components of an estate plan are. What is Estate Planning? Estate...
