Add Formulas and Calculations Legal Kentucky Estate Planning Forms For Free

There isn't one universal answer to the question of how to organize your estate planning documents, but in general, keep wills, trust documents, powers of attorney, and other estate planning documents in the same place. You might consider keeping everything in a fireproof metal box or file cabinet, or with your lawyer.

State law does not require notarization for a will to be a valid and enforceable testamentary instrument. What testators need is to have two competent adult witnesses present. Typically, two other adults must be present to witness the testator signing the will.

In Kentucky, the term “next of kin” is often used synonymously with the term “heirs.” Next of kin heirs for purposes of intestate inheritance in Kentucky are generally the: Surviving spouse. Children and descendants. Parents.

If you die as a resident of Kentucky without a Last Will and Testament, your assets will go to your closest relatives under Kentucky's intestate succession laws. In Kentucky, an intestate probate proceeding takes place in the District Court located in the county where the deceased resided.

Estate planning checklist: 10 documents you need to put your affairs in order Last will and testament. Revocable living trust. Beneficiary designations. Advance healthcare directive (AHCD) / living will. Financial power of attorney (POA) ... Insurance policies and financial information. Proof of identity documents.

If the decedent died intestate, or the named executor is not available, or willing to serve, the probate court will appoint someone to serve as administrator. If there is a surviving spouse, he or she has first priority to be appointed as administrator.

Who Gets What in Kentucky? If you die with:here's what happens: children but no spouse children inherit everything spouse and descendants spouse inherits 1/2 of your personal property and 1/2 of your real property to sell or give away descendants inherit 1/2 of your personal property and the remainder of your real property4 more rows

The children of the person who has died inherit the whole estate. This applies however much the estate is worth. If there are 2 or more children, the estate will be divided equally between them.

If you pass away without an estate plan in place, the laws of the state where you reside at the time of your death determine the distribution of your assets among your spouse, children, parents, and in some cases, other closest living relatives.