Creative Solutions For Your Kentucky Families Seeking Legal Security
If you undergo the effort to create an estate plan or will, you want to create documents that will have legal authority in the Kentucky probate courts. You do not want to end up in a situation where the documents you draft fail to achieve the intended results because...
We all understand the importance of having a will. It's a way to ensure that your loved ones receive the inheritance you've worked so hard to acquire for them over the course of your lifetime. Additionally, you want to make sure that your family's adjustment into...
If you're like most people, you probably think of wills when you think about estate planning. But there's another important tool that can be part of your estate plan: trusts. Trusts can be used for various purposes, from avoiding probate to managing assets during...
When you include the right documents in your estate plan, you can protect yourself throughout your golden years, as well as your dependent family members. Some documents largely protect you as the testator or specific family members. Powers of attorney benefit...
Usually, assets that may be probated are titled under your name. Such assets may include your bank accounts, investments, home and vehicles. If you die and these assets are under your name, they’ll have to go through probate before they’re transferred to your heirs or...
Working with a business partner has been both positives and negatives. However, if you maximize the pros and find ways to solve the cons, you and your partner can create a successful business in Kentucky. You can either choose a business partner during formation or...
A Do Not Resuscitate order, often known as a DNR order, is set up to prevent medical professionals from restarting someone’s heart or their breathing if either process ceases. The individual does not want to be kept on life-support, and they don’t want machines to be...
Disinheriting someone means cutting them out of your will even if they would have otherwise expected to be in that estate plan. For instance, simply not leaving money to a family friend doesn’t mean that you’re disinheriting them. They should not have expected to...
Undue influence is one common reason that is cited when someone wants to challenge a will. They believe that the will does not reflect the deceased person’s wishes, and the reason that they give is that the elderly person was manipulated. This usually means that...
If you’re a business owner, you may have heard of the three-generation rule. It is certainly not an official rule, but more of an observation about how things tend to play out. The rule states that most family businesses will fail by the third generation. This means...