Lexington Estate Planning Lawyer
Dedicated Planning For The Future
One of the very best gifts you can give to your loved ones is a carefully prepared will and other estate planning opportunities. Attending to the details in advance can potentially save your family a considerable amount of future stress, confusion, conflict, and cost. Our law firm offers estate planning services to help you plan for the future.
To learn more about estate planning or to get started on creating a plan, contact our Lexington estate planning attorneys today. (859)-252-6700
Estate Planning & Administration Services in Lexington, KY
It is never ideal to wait until the last second to plan for your estate. Our estate planning attorneys have helped individuals in every stage of life plan ahead for themselves and their loved ones. Our estate lawyers have extensive knowledge and resources in the various areas of law that intersect with estate planning, such as real estate and business law.
Estate Planning Documents Explained
- Wills – Wills are legal documents that dictate how the will owner’s property/assets are handled.
- Trusts Trusts are fiduciary arrangements wherein a grantor gives a trustee the right to hold property or assets.
- Powers of attorney – Power of attorney is a legal document giving an individual the legal power to act and make decisions for another person.
- Advance directives – Advance directives are written statements regarding a person’s wishes regarding medical treatment. This often will include a living will.
Developing An Estate Plan That Truly Meets Your Needs
Planning for the future is the key to success, and Fowler Bell is well-experienced in estate planning and administration. Within the law, there is a tremendous amount of freedom in how you can plan for the future.
We offer services in the following fields:
- Durable Power of Attorney
- Living Wills
- Living trusts
- Special Needs Trusts
- Estate Litigation
What You Should Know If You Are The Executor Of An Estate
As executor of an estate, you are responsible for administering the estate of a deceased person. The key to being an executor is staying organized. It can be a difficult task, so it’s important to stay on top of the needs.
The following are more tips you should know as an executor of an estate:
- Determine if probate is necessary.
- Focus on paying off any outstanding debt.
- Recruit lawyer or non-lawyer assistance to take care of duties.
If you have been named the executor of a loved one’s estate, you may feel overwhelmed by the legal requirements and uncertain about your responsibilities. Our firm’s experience in overlapping areas of practice—such as family law, real estate law, and business law—allows us to offer comprehensive counsel. Let Fowler Bell provide the knowledgeable guidance and assistance you require.
How Fowler Bell Can Help
At Fowler Bell, we understand how important it is to have a clear plan for your finances. We have decades of experience working with a wide demographic of clients with an extensive range of needs. Even in the most complex situations, we can provide comprehensive and creative solutions that benefit all parties involved.
To ensure your loved ones are taken care of, turn to Fowler Bell. Our estate planning lawyers in will make the process simple, and with our years of experience, you can rest assured knowing your goals and wishes will be taken care of.
Frequently Asked Questions About Estate Planning
Many people begin thinking about estate planning around the time when they plan to retire. However, you should start your estate planning anytime you want your assets and loved ones protected in the event of your incapacitation or death. It is best to begin planning as a young adult and continue to revise your plan as your circumstances change.
If you pass away without an established and valid will or trust in place, your estate will have to go through the probate process. Probate is the legal process in which the probate court chooses someone to administer your estate and determines how your estate will be distributed based on Kentucky probate laws. To ensure your assets are distributed based on your wishes and to avoid the costs and lengthy process of probate, we always recommend having a will or trust in place.
A will is a legal document that appoints an executor (someone who administers your estate) and details how you would like your estate distributed upon your death. A living will, on the other hand, can also address your desired end-of-life decisions are made. For example, you can decide whether you want a DNR (do not resuscitate) order in place.