Wills & Trust Attorneys
Kentucky Wills and Trusts Attorneys
The old adage that you can’t take it with you is terribly true. But even when we’re gone, what we’ve left behind, our legacies, can still be taken care of. With proper research and planning, we can make sure our earthly goods find their way to the places and people we choose, and do so legally and with as little issue as possible. To do so, we use wills and trusts.
Let Bunch and Brock Help
If you would like to explore your options for taking care of your legacy, contact Bunch & Brock, Attorneys at Law, and let us help. For more than 35 years, we’ve served our community’s legal needs from offices in Lexington, Ky., from large corporations to individuals. We will evaluate your situation and help you find what is best for both you and your business. We have experience in all facets of wills and trusts, and will be glad to explain, and help you set up, your different options. We have the knowledge, experiences and resources to help. If you have questions about this topic or would like to schedule an appointment, contact us online or call us today at 859.254.5522.
The Benefit of A Will Attorney
A will is a legal document that spells out how a person wants his or her property disposed of after death. It is revocable and can be changed during one’s lifetime. Wills are especially important in order to appoint a guardian for minor children.
The will we draw up for you, with your valuable input, will comprehensively detail your wishes. Future generations of your family will appreciate the consideration you showed with your efforts and your choice of Bunch & Brock to help you.
Types of Wills
There are several different types of wills; each one serves a specific purpose, and we will be glad to show you your options and help you decide which is best for you. Among the types of wills, with more comprehensive description at Legal Zoom, are:
- Simple Wills: This document will help clearly and legally dispose of what is left behind for your heirs. It requires simply the individual’s name, address, marital status and how the individual wishes their remaining property to be divided. It appoints an executor and a guardian for minor children, if the other spouse is deceased. The will must be is signed in the presence of witnesses, who also sign it.
- Testamentary Trust Wills: This is a will that puts at least part of your assets in a trust. For more information on trusts, see the section on trusts below.
- Joint Wills: Joint wills simply allow two individuals to leave all of their assets to one another, and it specifies how the assets should be divided when the second individual passes. These wills may be changed only with the consent of both parties, so when one party dies the will is irrevocable.
- Living Wills: A living will is different than other types, as it stipulates what kind of medical care you would like to receive should you become incapacitated and incapable of making medical decisions for yourself.
Why You May Need A Trust Attorney
A trust is any arrangement in which property is transferred, either by last will or by a separate document, with the intention that it be administered and controlled by a trustee for the benefit of another person, such as a minor child. A trust can be used to provide for the support of a minor or adult with special needs, or to fund the education of the next generation in your family.
Our attorneys at Bunch & Brock, Attorneys at Law, provide last wills and trusts at an affordable price. We’ll work closely with you, make in-home visits when necessary, and prepare all documents to provide for an orderly transfer of your property according to your wishes.
Types of Trusts
There are several types of trusts you may utilize to fit your specific needs. Bunch & Brock has the experience analyze your situation and determine which is best for your needs.
- Revocable Trust: This trust is set up when the individual is still alive and may be changed during their lifetime. Its benefit is that, by transferring assets before death, it may keep the assets out of probate.
- Irrevocable Trust: This is a trust that cannot be changed. Once property is placed in it, it may not be removed except by the beneficiary, depending on stipulations.
- Charitable Trust: Assets are placed in a trust for a particular charity.
- Spendthrift Trust: This trust does not allow beneficiaries to sell or pledge away the trust’s interest; it is generally used for beneficiaries who have little skill with money.
Kentucky Probate Attorneys
Probate law governs the method by which the assets of a deceased person are gathered, creditors paid, and the remainder of the estate distributed to beneficiaries. In the event of a death in your family, our lawyers can assist you with your local Probate Court, in Fayette County and many surrounding counties in Central Kentucky. We prepare other types of documents too, such as Powers of Attorney and Living Wills.
If you would like to explore your options to protect your assets after death, contact Bunch & Brock, Attorneys at Law, in Lexington, Ky. as soon as possible.. With more than 35 years of experience., Bunch & Brock has the knowledge, resources and experience to assist you with your legal needs. If you have legal questions or would like to set up an appointment, contact us online or call us today at 859.254.5522.