If you have been named as an executor of a will for a loved one’s estate, it may be helpful familiarize yourself with the basic duties of an executor in Kentucky. While each state has its own laws governing the probate process and the duties of an executor, there are some basic responsibilities that are common to all probate courts. Let our estate planning lawyer explain those basic duties. The general steps in the probate process In Kentucky, the probate process is begun in the district … [Read more...] about Executor of a Will: What to Expect
Child Suffering from Apert Syndrome Receives Life-Changing Treatment
Aiden Skees, a 9-year-old from Prospect, was born with Apert Syndrome. This rare genetic defect affects only around 50 children in the United States every year. Apert Syndrome is a defect in which the bones of the skull, face, and hands are fused, which prohibits normal growth and affects the shape of the head and face. Children like Aiden can benefit a great deal from a properly drafted special needs trust. The results of Aiden’s last surgery were life-changing Aiden underwent his fifteenth … [Read more...] about Child Suffering from Apert Syndrome Receives Life-Changing Treatment
Let Our Louisville Estate Planning Lawyer Draft Your Will
Even the most basic estate plans include a last will and testament. A simple will is relatively easy to draft if you understand the basics. Without a last will and testament, the decision as to who gets your property will be left to the laws of intestate succession in your state. If you have minor children, the court will also determine who will raise them if they are still minors when you die. Let our Louisville estate planning lawyer help you draft your will. The basic requirements for … [Read more...] about Let Our Louisville Estate Planning Lawyer Draft Your Will
Using a Spendthrift Trust in your Inheritance Planning
More likely than not, you are already familiar with trusts. They are agreements between a trustee and the person making the trust (the grantor) that is based on trust and confidence. In creating a trust, you must first draft a trust agreement that will provide the trustee with the authority needed to manage the trust assets and distribute them to the named beneficiaries. These actions are taken only in accordance with the terms of the trust document. A spendthrift trust is just a special type of … [Read more...] about Using a Spendthrift Trust in your Inheritance Planning
The Difference Between a Living Trust and a Durable Power of Attorney
There are many different estate planning options, all of which can help you achieve your goals in preparing for the future. A living trust and a durable power of attorney are two common examples. Clients are often confused as to the difference between the two estate planning tools. Let our living trust lawyers explain the similarities and differences between a living trust and a durable power of attorney. What is a Living Trust? A "living trust" is a particular type of trust that goes into … [Read more...] about The Difference Between a Living Trust and a Durable Power of Attorney
