While financial planning can help you to build wealth over time, through the wise management of your resources, and retirement planning focuses on directing a portion of today’s income and assets toward tomorrow’s needs, your estate plan must to bring these strategies together in a comprehensive way. A well thought out estate plan can preserve and distribute the wealth, you have worked so hard to accumulate, to the next generation and beyond. Everything doesn’t work out automatically You may … [Read more...]
What Happens to My Property if I Die Intestate in Ashland Kentucky?
Our law firm does a great deal to educate people about the importance of estate planning. A lack of knowledge often leads to inaction. Surveys are conducted periodically, and they consistently find that most people have not executed the proper estate planning documents. If you die without having done so, you will die intestate. What Happens If You Were to Die Intestate in Ashland Kentucky? What would happen to your property if you were to die intestate? The answer to this question is going to … [Read more...]
4 Shocking Kentucky Intestacy Facts
Intestacy laws apply if you die without a will or trust. In fact, the state of Kentucky has an estate plan for you and it’s called “intestate succession.” This may not be the estate plan you want. And, it certainly isn’t the estate plan your spouse wants you to have. Here are 4 shocking Kentucky intestacy facts. 1. Any real estate you own in your individual name does not pass entirely to your spouse. Your spouse has a right under state dower laws to 1/2 of surplus real estate -- the rest … [Read more...]
