Easy Questions  
Free Legal Documents

You Owe it to Your Loved Ones to do Estate and Inheritance Planning in Aberdeen, KY

You Owe it to Your Loved Ones to do Estate and Inheritance Planning in Aberdeen, KY


It never dawned on us that life is unpredictable, that one day, one of us could suddenly cease to exist and what then? What would be the joy in having left so much unsaid? With what memories would we fill the empty silence?
 
- Isabel Lopez


A good goal for parents is to make sure they have up-to-date estate plans in place. No matter what life stage you're in, as long as you have loved ones that depend on you, a solid plan is something you need. It doesn't have to be too complicated - a fairly simple will should ensure that your heirs don't have to grapple with the Government or each other after you pass away.

Not all family battles stem from questionable estate plans, but rather from the dysfunction that already permeates an existing family, whose members refuse to acknowledge a perfectly legitimate will. However, a nonexistent or sloppy will or trust can make things much worse.

Why Do People Avoid Estate Planning?

• Ignorance: people don't realize how important estate planning is. Many don't understand the true expense or pain of probate.

• Fear and Denial: people put off getting their estate plan done. It's a tough subject and some folks just don't want to deal with it.

• Indifference: people don't care enough. They have too many other things to worry about. Or they don't really care enough about their legacy.


• Hassle: people think it's too much work.

• Expense: people think it'll cost a lot of money. Not really. You'll spend an inconsequential amount relative to the outlay your heirs will face if your estate goes to probate.

• Procrastination: There's always tomorrow. You are not at death's door. Waiting another day won't hurt.

Getting Started on Estate Planning

Ask yourself these questions:

• Do you have any assets?

• Do you care who gets them?

• Does it matter to you who becomes the guardian to your children?


If you do care, then you should check out the will and estate planning documents available at 1-2-Law. Keep the communication lines open among members of your family, especially when your heirs are old enough to understand what a will or trust is. If your family doesn't take to the communication well, try sharing your basic philosophy on finance and succession with them regardless. It's tempting to leave it to your lawyers and executors to do the communicating when the time comes, it's much better to avoid big surprises down the road. Give your heirs the opportunity to ask questions and understand your decisions while they can still talk to you.

Some basic housekeeping tasks:

• Set up checks and balances among executors, trustees and administrators who are involved in your estate

• Give your beneficiaries some authority over the assets they are entitled to. Allow your beneficiaries some recourse if there are issues about a particular fiduciary or trustee

• Review and update your estate plan on a regular basis (for every life change and every few years). Keep everything up to date!

• Seek a regular accounting of assets that are involved in your estate

• Read up on estate planning and to become familiar with the concepts and changes in the laws

Your goal should be to get your final wishes documented and in legal order. Tackle these things now while you are in full command of your faculties and are in a happier and secure place in your life.

Get started today!

 
Personalize & Print a Free KY Last Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free KY Living Trust Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Aberdeen, KY
Lofton Rodger W
928 Broadway St
Paducah, KY 42001
(270) 444-9999
Attorneys,  Social Security & Disability Law Attorneys,  Personal Injury Law Attorneys,  Employment
Hollon, Thomas K
186 Main St
Campton, KY 41301
(606) 464-9966
Attorneys
PSCPS Inc
108 W Dixie Ave # 200
Elizabethtown, KY 42701
(270) 360-9955
Attorneys
Monge Gregory L
2103 Weymouth Dr
Ashland, KY 41101
(606) 324-9932
Attorneys, General Practice Attorneys, Legal Service Plans
Neal, Thomas E PLLC
920 Frederica St
Owensboro, KY 42301
(270) 926-9911
Attorneys, Wills, Trusts & Estate Planning Attorneys, Family Law Attorneys
J Boone Reed Law Office P
227 N 6th St
Paducah, KY 42001
(270) 415-9900
Personal Injury Law Attorneys, Attorneys, Criminal Law Attorneys
Reed, Boone ATTY
227 N 6th St
Paducah, KY 42001
(270) 415-9900
Accident & Property Damage Attorneys, Attorneys, Criminal Law Attorneys
Edward Faye
340 E Main Ave
Bowling Green, KY 42101
(270) 842-9900
Immigration & Naturalization Consultants, Title Companies, Attorneys, Immigration Law Attorneys, Rea
Huddleston, Lee
1032 College St
Bowling Green, KY 42101
(270) 781-9870
General Practice Attorneys, Attorneys, Legal Service Plans
Nall Frank
225 2nd St
Pikeville, KY 41501
(606) 433-9860
Real Estate Attorneys, Attorneys, Legal Service Plans
Warnock Frank H
350 Sunset Dr
Ashland, KY 41101
(606) 326-9781
General Practice Attorneys, Attorneys
Hixson, Casey A Hixson Law Office
511 E 10th Ave
Bowling Green, KY 42101
(270) 780-9655
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Personal Injury Law Attorneys
Smith
333 Broadway St # 924
Paducah, KY 42001
(270) 442-9630
Accountants-Certified Public,  Attorneys,  Legal Service Plans,  Tax Return Preparation
Copley Rhonda
1527 Carter Ave
Ashland, KY 41101
(606) 324-9607
Appellate Practice Attorneys,  Estate Planning Attorneys,  Administrative & Governmental Law Attorne
Copley, Rhonda - Copley Law Office
1527 Carter Ave
Ashland, KY 41101
(606) 324-9607
Not available
Clay Patrck
415 W Main St
Frankfort, KY 40601
(502) 352-9600
General Practice Attorneys, Attorneys, Legal Service Plans
Washburn, Burton A III
139 Memorial Dr
Paducah, KY 42001
(270) 442-9600
Attorneys, Legal Service Plans
Sullenger Wes
2320 Broadway St # 402
Paducah, KY 42001
(270) 443-9401
Attorneys, Civil Litigation & Trial Law Attorneys, General Practice Attorneys
Terrell Burke B
165 Deer Path Ln
Paducah, KY 42001
(270) 443-9401
Attorneys
Terrell Law Firm
1324 Jefferson St
Paducah, KY 42001
(270) 443-9401
Attorneys, General Practice Attorneys
Terrell, Burke B
2320 Broadway St Suite 407
Paducah, KY 42001
(270) 443-9401
Attorneys, Family Law Attorneys
Holmes Elaina L
1544 Winchester Ave # 912
Ashland, KY 41101
(606) 547-9292
Attorneys, Social Security & Disability Law Attorneys, Accident & Property Damage Attorneys, Legal S
Holmes Elaina L.
1544 Winchester Ave
Ashland, KY 41101
(606) 547-9292
Attorneys,  Family Law Attorneys,  Workers Compensation Assistance,  Personal Injury Law Attorneys,
Singleton Bruce W
106 W Columbia St
Somerset, KY 42501
(606) 679-9261
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US