Kentucky Estate Planning Data Sheet

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State:
Multi-State
Control #:
US-0283-WG
Format:
Word
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Estate Planning Data Sheet
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FAQ

If the estate is $30,000 or less, and there is no real estate, then either the surviving spouse, surviving child or a preferred creditor may file a petition to dispense with administration of probate.

Get a head-start on planning and follow these 7 easy steps: Take Inventory of Your Estate. First, narrow down what belongs to you. ... Set a Will in Place. ... Form a Trust. ... Consider Your Healthcare Options. ... Opt for Life Insurance. ... Store All Important Documents in One Place. ... Hire an Attorney from Angermeier & Rogers.

There are specific estate planning documents, like healthcare power of attorney and will or trust. A successful estate plan also includes provisions allowing your family members to access or control your assets, should you become unable to do so yourself.

Lay out Your Assets & Think About Final Wishes. ... Consider Your Digital Assets. ... Gather Documents Needed for Will Preparation. ... Choose Your Executor & Beneficiaries. ... Nominate Guardians. ... Sign Your Will. ... Store Your Will. ... Update or Amend Your Will.

4 essential estate planning documents A will distributes assets upon death. A power of attorney manages finances. Advance care directives manage your health. A living trust is an alternative to a last will.

Settling the Estate The settlement may not be filed until at least six months from the date the personal representative was appointed. KRS §395.190. If settling the estate takes more than two years, a periodic settlement may be required.

The Estate Planning Process: 6 Steps to Take CREATE AN INVENTORY OF WHAT YOU OWN AND WHAT YOU OWE. ... DEVELOP A CONTINGENCY PLAN. ... PROVIDE FOR CHILDREN AND DEPENDENTS. ... PROTECT YOUR ASSETS. ... DOCUMENT YOUR WISHES. ... APPOINT FIDUCIARIES.

So call us today! Create an Inventory of Your Possessions. ... Consider Your Family's Needs After Your Death. ... Decide Who Your Beneficiaries Will Be. ... Indicate How You Want Your Estate Divided. ... Store Your Documents Properly. ... Update Your Estate Plan Regularly. ... Seek Help from a Trusted Estate Planning Lawyer.

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Kentucky Estate Planning Data Sheet