What Important Documents Do You Need in Your Kentucky Estate Plan?
Establishing legal documents in an estate plan with an experienced Kentucky estate planning attorney is crucial for everyone.
A Kentucky estate plan is vital for people of all ages, but the need for estate planning becomes even more critical as we age. A Kentucky estate is all the property owned individually and jointly, including bank accounts, real estate, other valuable assets, and what is owed to that property.
When is it time to start an estate plan? A few significant life events can trigger the need for an estate plan in Louisville-Jefferson County and the surrounding Kentucky area.
Those events include:
- The purchase or sale of a home or property
- Marriage or divorce
- The birth of a child
- Moving to another state
If you have experienced any of these life events, Tupper Butler Law can help you create an estate plan for your needs.
Without an estate plan in Kentucky, it isn’t easy to carry out a person’s wishes and can bring on lengthy, drawn-out probate that can be very expensive for the family. If an estate plan in Kentucky is in place, it can provide peace of mind for the senior adult and their family and protect for the wishes of the senior.
In our guide, The Legal Documents That Comprise an Estate Plan, we will address the essential documents and their purpose in a Kentucky estate plan.
Those legal documents include:
- Living Trusts
- Pour Over Wills
- Durable Power of Attorney (Financial Power of Attorney)
- Health Care Power of Attorney (Health Care Proxy)
- Beneficiary Designations
- Updating Your Estate Plan