A Revocable Living Trust is an estate planning option that manages and protects the assets of the individual (grantor) during their lifetime. The Revocable Trust can be amended or revoked as the grantor desires and is included in estate taxes. The Revocable Trust lays out the guidelines of operation for the Trust, what powers the trustee has or does [...]

A Last Will and Testament is a legal document that communicates a person’s final wishes pertaining to assets and dependents at the time of their death. A person’s Last Will and Testament outlines who will receive their residuary estate. It also outlines who is in charge of the administration of their estate (Executor). In [...]

Without a Last Will and Testament your estate will be distributed in accordance  with the Kentucky intestate succession laws. This means that if you are married, your spouse is 4th in line to inherit after your children, parents and siblings. In addition, if you have minor children, their inheritance will be placed in a [...]

A Durable Power of Attorney is a legal document in which you name an individual or entity to act as your agent and attorney in fact on your behalf should you be unable to do so in the future. A Durable Power of Attorney is not affected in any manner whatsoever by reason of [...]

A Guardian must be appointed by the Court. You will be subjected to an examination by a panel consisting of a physician, psychologist and social worker to determine your competency. The Court will appoint an attorney to represent you – known as a Guardian Ad Litem. This will be in addition to the attorney [...]

A Living Will is a legal document in which you have the opportunity to state your wishes regarding life-prolonging treatment and artificially provided nutrition and hydration if or when you no longer have decisional capacity, have a terminal condition, and become permanently unconscious with no hope of recovery as determined by your attending physician [...]

A Special Needs Trust is an Irrevocable Trust used when a beneficiary has disabilities (which can be either physical or mental) and receiving government benefits. This type of Irrevocable Trust is used to preserve eligibility for an individual receiving government benefits for programs through the Social Security Administration such as the Supplemental Security Income [...]

A Prenuptial Agreement is executed prior to marriage and a Postnuptial Agreement is executed after a marriage takes place. If your family is the result of multiple marriages or prior relationships, a Prenuptial or Postnuptial Agreement can be an effective estate planning tool to ensure that children from different marriages or relationships will be [...]

An Irrevocable Trust cannot be altered amended or terminated by the person creating it. Once the assets are transferred into the Trust without retention of any kind of power over the assets, the person creating the Trust can no longer regain ownership of that asset. However, it provides certain benefits that a Revocable Trust [...]

A Miller Trust, also called Qualified Income Trusts, is an Irrevocable Trust that provides a way for Medicaid applicants who have income over Medicaid’s limit to become eligible for Medicaid long term care. In short, income over Medicaid’s limit, is put into a Trust and therefore not counted as income, thus allowing the applicant [...]