I am going to make 4 posts, as there are 128 bills pulled and updated out of the over 1000 bills proposed this term. These are currently just some of the proposed bills, this is not a complete list. You can find the current complete list at https://legislature.ky.gov/Legislation/Pages/default.aspx I will update the list throughout the … Continue reading Some of the Proposed legislation in Kentucky as of February 22, 2025 (4 of 4)
Category: Trust Administration
How Do I Leave Assets for Heirs?
How to distribute assets to beneficiaries isn’t always a simple decision. Not only do you want to consider how best to distribute your assets, but you also want to consider how and when beneficiaries should be able to access inheritances and then ensure this is all documented in your estate plan. An article from Kiplinger, “Estate Planning? … Continue reading How Do I Leave Assets for Heirs?
What is an Estate Planning Checkup?
The start of the year is the time to review and revisit your estate plan. Just like going to the doctor and dentist for regular exams, it’s basic self-care. An article from Kiplinger, “Need an Estate Planning Checkup? Now is the Perfect Time,” advises having an annual checkup with your estate planning attorney before anything goes wrong. Estate … Continue reading What is an Estate Planning Checkup?
What are the Advantages of Putting Your Home in a Trust?
Property trusts allow you to place your personal residence or any property you own into a trust to be given to a beneficiary, explains an article, “When Should I Put My Home in a Trust,” from yahoo!life.com. Placing your home in a property trust makes it far more likely your home will go to its intended beneficiary. The property … Continue reading What are the Advantages of Putting Your Home in a Trust?
How Can I Relieve My Family’s Stress When I Die?
After losing a family member, people experience pain and grief. The situation gets worse if legal issues are involved, resulting in family conflicts. Such challenges are typically the result of a lack of planning when they could have been much easier if a good plan had been in place, says Scubby’s article entitled “7 Ways To Ease Your … Continue reading How Can I Relieve My Family’s Stress When I Die?
What Is Probate Court?
Probate court is a part of the court system that oversees the execution of wills, as well as the handling of estates, conservatorships and guardianships. This court also is responsible for the commitment of a person with psychiatric disabilities to institutions designed to help them. Investopedia’s an article entitled “What Is Probate Court?” also explains that the probate … Continue reading What Is Probate Court?
Which Documents are in an Estate Plan?
Understanding how estate planning documents work is central to creating an estate plan for each individual’s unique situation. An estate planning attorney needs to know the details of your life, not because they’re nosy. It is because this is how they can create a plan tailored to protect you during your lifetime, plan for long-term … Continue reading Which Documents are in an Estate Plan?
Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary?
If you aren’t thorough with your estate planning, you could create conflict, even with the best of intentions, says an article from yahoo! Entertainment titled “Life Insurance Beneficiary vs. Will: Do I Need Both?” Your life insurance beneficiary designation supersedes your will, so you’ll need to have your life insurance policy and your will aligned to save heirs … Continue reading Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary?
Why You Should Avoid DIY Estate Plans and Use an Attorney
At first glance, developing an estate plan may seem like a simple effort you can approach with a DIY attitude, but when you learn about what goes into one, you’ll quickly understand that it’s not as straightforward as it may initially seem. A comprehensive estate plan doesn’t just include a will but also other documents like trusts, and … Continue reading Why You Should Avoid DIY Estate Plans and Use an Attorney
Are You Ready for 2026?
You may not be thinking about Jan. 1, 2026. Any New Year’s Eve celebrations you are currently thinking about are from January 1, 2025. However, if your estate is worth $5 million or more when the first day of 2026 arrives, your estate planning should begin now. According to a recent article from Forbes, “Is 2026 An … Continue reading Are You Ready for 2026?