Most debt is personal and doesn’t pass to your family when you die. But co-signed accounts, joint debts, and secured loans are real exceptions. Here’s how it works in Kentucky.
Financial Power of Attorney Dos and Don’ts A financial power of attorney is a legal document that can ensure that a trusted person is handling your financial affairs when you are not mentally or physically capable of doing so yourself. This document can be used for a specific need or to grant a chosen individual […]
We tell every married client the same thing, and we say it plainly: if you are married in Kentucky, both of you need a Last Will and Testament. Not one will for the household. Two. And the right time to sign them is not “someday” – it is when you get married, when a child […]
A will does two kinds of work. The part everyone knows about distributes your property. The part that matters most to parents of young children does something no other document can: it tells the court who you chose to raise your children if you are not there to do it. For a parent of a […]
Every estate planning article says you need a plan. Here is the specific reason it’s true when a child stands to inherit: minors cannot legally receive or manage an inheritance directly. A seventeen-year-old cannot take title to a house, control a brokerage account, or sign for a life insurance payout – and Kentucky law does […]
Probate has a grim reputation – slow, costly, bureaucratic – but it exists for reasons that matter to every family. The purpose of probate in Kentucky is to make sure that when someone dies, their property ends up in the right hands, their legitimate debts are resolved, and no one – not a forger, not […]
Depending on the circumstances, probate may be needed if there is no will. A Kentucky probate attorney can help you determine if probate is needed in your individual situation. Many people believe that if you have a will in Kentucky, then there is no need for probate when you die, but this is not true. […]
There is never a wrong moment to take a snapshot of where your estate plan stands – a new year, a birthday, a marriage or a birth in the family, a diagnosis, or simply the realization that your documents were signed a decade and two life changes ago. Whether you are updating an existing plan […]
In the view of some people, estate planning is easy — have an attorney draw up a will, leave what you want to whom you want, and hope for the best. However, there is far more to it than that. Through estate planning, you can achieve many goals. You can give to charity, make arrangements […]
When you bought your last car, you compared models, prices, dealers, and options before signing anything. A funeral deserves at least the same diligence. The national median cost of a funeral with viewing and burial is roughly $8,000 to $10,000 before cemetery costs, and often considerably more once a plot, a marker, flowers, and an […]
