Creative Solutions For Your Kentucky Families Seeking Legal Security
The probate courts oversee the transfer of resources from one generation to the next. When an individual dies, their property becomes their estate. The Kentucky probate courts help ensure that the assets in the estate transfer to the appropriate parties. That process...
You might have thought you should keep your estate plan to yourself, perhaps only sharing details with your spouse if you have one. However, there are many advantages to sharing some details with your children, too. Here are some of the reasons why this can be useful....
As a business owner, you may enter into professional relationships with other companies. It’s best to do these with a contract. If you’re purchasing services or products, and if large amounts of money may exchange hands, it’s crucial to get everything in writing in...
The best estate plans feature custom terms based on an individual's unique circumstances. The family members and other beneficiaries receiving property from the estate can influence the best strategies and tools to use. The assets that belong to the testator also play...
An estate plan is generally binding. When someone has put a will in place specifying how they want their assets to be distributed among their beneficiaries, the estate executor's job is simply to follow those instructions. However, in some cases, an estate plan may...
When someone owes a significant amount of money to another party, various tactics may be used to collect the balance. It often begins with simply contacting the debtor to inform them of the issue—perhaps the debt was merely overlooked or forgotten, and they will pay...
Starting a business comes with a significant degree of risk. A substantial percentage of new businesses fail in the first five years. Even companies with unique offerings can be vulnerable due to litigation or sudden changes in operational costs. Aspiring...
One of the things you need to do when estate planning is to name a health care surrogate. This is someone who will make health care decisions on your behalf if you lose your ability to decide for yourself. They will follow the instructions included in your living will...
It’s not uncommon for a testator to make several copies of their will and put them in the hands of loved ones for safekeeping. However, that original document is the one that ultimately needs to be submitted to the probate court. What happens if you can’t find it?...
Simply putting personal wishes in writing isn't enough to create an estate plan. Testators have to ensure that their documents comply with state law and that their loved ones know where to find their documents after they die. Some people write their own wills by hand,...