Relationships between parents and children can be complicated. Over time, certain life events can break down once-strong relationships, sometimes leading to years of estrangement. As a parent, deciding to disinherit a child from a will is a major decision. You may have various completely valid reasons for no longer wanting to leave your child an [...]
Personal representatives accept a weight of trust and level of legal obligation not for the faint-of-heart. Whether named in the will or appointed by the court, duties placed upon them require a delicate balance balance to the interests of both the deceased and beneficiaries. A perceived failure to abide in good faith to the interests [...]
As we enter our twilight years, Medicaid becomes much more important, if not vital to our long-term planning. After all, nursing homes can cost well over $100,000 a year, and this cost is not covered by Medicare. And, for each dollar that goes to your long-term care or the nursing home, is another dollar taken [...]
Receiving a dementia diagnosis for an elderly parent can be emotionally devastating. You and your family will have a lot of choices to make during this very difficult time, including who will make certain decisions for your parent. The process can feel confusing and overwhelming, especially if you are going through it while trying to [...]
Family relationships can be complicated, to put it nicely, and you may conclude that you do not want to leave an inheritance to your adult child. Perhaps there is bad blood between you and your child or perhaps you simply feel your child does not need the inheritance and you would rather leave your estate [...]
\Estate planning can provide benefits for you and your loved ones, but it does come with a lot of terminology which you may find unfamiliar or intimidating. One such estate planning vocabulary term could be “living trusts,” also known as, inter-vivos trusts. These estate planning tools can help during your lifetime and allow your assets [...]
When Kentuckians sign their wills, they assume that the probate court will give legal effect to the terms of the will as written. Occasionally, however; an heir of the deceased will feel cheated by the will’s specific bequests. In such cases, the heir’s only remedy is the commencement of a will contest. Commencing the will [...]
Being fully prepared for the future means making difficult decisions. Kentucky residents are planning for their futures and those of their family members should consider naming a health care surrogate. What powers do health care surrogates have? The law is specific as to what powers are granted a health care surrogate. The person who gives [...]
In a sense, Hollywood has glamorized the reading of a will. They often depict family members sitting in a room or at a large table while a loved one’s will is read. They patiently wait to hear what is bequeathed to them. This either results in an end where each family member is satisfied with [...]
Do you or your parents think that estate planning looks easy? If so, then you’re in the same boat as a lot of Kentuckians. But don’t let the perception of simpleness dupe you into thinking that you can forego formal estate planning or that you can successfully create the estate plan that you need on [...]
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