After the loss of a loved one, the last thing anyone wants to do is face the stress and effort of handling the probate of a will or an estate’s administration. With support from Elder Law Lawyers, you or your loved ones won’t have to do this alone.
Most people assume certain assets will simply go to their most immediate loved ones when they pass, but that’s not always the case. Kentucky estate law has many nuances that can leave your family in the lurch. Protect your home for your spouse and children and ensure your finances are appropriately distributed upon your passing with the proper legal documentation. Estate planning is simpler with help from the experienced team at Elder Law Lawyers—book your consultation today.
Administration and Estate Planning in Lexington & Northern Kentucky
Estate administration refers to the overall process by which a person’s estate is administered after their death until all debts are paid and properties are distributed to the designated heirs and beneficiaries. Whether you’re facing the recent passing of a loved one or you’re trying to prepare for the future, Elder Law Lawyers is here to help.
The Benefits of Creating an Estate Plan
Estate planning reduces stress on your loved ones, often saving money and preventing the loss of assets. Our estate administration services include the following:
Elder Law Lawyers is equipped to coordinate various strategies and planning instruments to manage estate administration properly. Contact us today to request your consultation.
Your Estate Law & Administration FAQs
A Durable Power of Attorney for Health Care is a legal document that designates someone to make medical decisions for you if you become unable to do so. This person, your agent, follows your guidance on specific treatments. You can learn more about power of attorney here.
Our estate administration attorneys in Lexington & Northern Kentucky help you manage your loved one’s assets in the following ways:
- Filing the necessary legal documentation to initiate and then later conclude the probate process
- Handling the payment of the decedent’s debts
- Providing the validity of the decedent’s will
- Distributing the assets of the estate in accordance with the decedent’s wishes
- Preparing and filing the decedent’s estate tax return
- Assessing repayment of long-term care costs
- Settling estate tax matters, including matters arising in connection with an estate tax audit
Administration is not the same as probate, which is the process by which a will is proved. Administration begins after the probate process is completed if there is a will and an executor or administrator is appointed. In Kentucky, for estate administration purposes, both an executor and administrator are referred to as the estate’s personal representative.
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Get in Touch with Us Today
At Elder Law Lawyers, we understand that administering an estate after a loved one passes can be stressful and challenging for many people. Our attorneys can provide you with the help to lift that burden from your shoulders to the extent that you so desire. Typically, this is paid for by the estate and not by the person we are assisting.
We work hard to alleviate stress and help clients see the greatest possible benefits in their circumstances. From explaining beneficiary designations to compiling estate planning documents, we’re here to act as a resource and a guide. Contact us today to arrange your no-obligation consultation.