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Trusts. A trust offers a more reliable method that works in nearly any circumstance. To keep assets from going directly to stepchildren on your death, you can set up a trust and name your spouse as the trustee. If you do this, however, your spouse will decide where assets go, so they may still go to stepchildren.
Unlike most other states, Kentucky utilizes the ?dower and curtesy? inheritance structure. If a spouse dies without a will, the spouse receives the dower share, but not the entire estate. Because of these laws, you'll want to consider a will to designate how you want your assets distributed, despite being married.
If you are unmarried, but have children, your children inherit everything. This includes adopted children, but not foster children or stepchildren if they were never legally adopted. If you are married and have children, your spouse gets one-half of your property and your children get the other half.
Unlike most other states, Kentucky utilizes the ?dower and curtesy? inheritance structure. If a spouse dies without a will, the spouse receives the dower share, but not the entire estate. Because of these laws, you'll want to consider a will to designate how you want your assets distributed, despite being married.
If a decedent is survived solely by children, those children are afforded the entirety of the intestate estate, ing to Kentucky inheritance laws. Other than that, the children are given half of the estate if their deceased parent was married at the time of his or her death, ing to dower and curtesy laws.
If you are unmarried, but have children, your children inherit everything. This includes adopted children, but not foster children or stepchildren if they were never legally adopted. If you are married and have children, your spouse gets one-half of your property and your children get the other half.
Survivorship property and property payable on death passes to the surviving co-owner shown on the deed or instrument, unless a disclaimer was filed, and not by the terms of the will or by the laws of intestate succession.