Lexington Estate Planning Lawyer
Dedicated Planning For The Future
One of the best gifts you can give your loved ones is a carefully prepared will and other estate planning opportunities. Attending to the details in advance can save your family considerable future stress, confusion, conflict, and cost. Our law firm offers estate planning services to help you plan for the future.
Contact our Lexington estate planning attorneys today to learn more about estate planning or get started on creating a plan. (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 at every stage of life plan ahead for themselves and their loved ones. Our estate planning lawyers have extensive knowledge and resources in the various areas of law that intersect with estate planning.
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 – A Power of attorney is a legal document giving an individual the legal power to act and make decisions on behalf of another person.
- Advance directives – Advance directives are written statements regarding a person’s wishes regarding medical treatment. They often 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 planning for the future.
We offer services in the following fields:
- Durable Power of Attorney
- Living Wills
- Trusts
- Living trusts
- Special Needs Trusts
- Probate
- Estate Litigation
For more information on our Lexington estate planning services, call Fowler Bell at (859) 252-6700
What to Know As an 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 staying on top of the needs is important.
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.
- Work with an estate planning lawyer 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 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 the importance of having 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 will make the process simple, and with our years of experience, you can rest assured knowing your goals and wishes will be fulfilled.
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 how your desired end-of-life decisions are made. For example, you can decide whether you want a DNR (do not resuscitate) order in place.
Talk to a Top Estate Planning Attorney in Lexington
If you would like to begin planning for the future or need help revising an established plan, our estate planning lawyers can help. To set up a consultation about any estate planning or estate administration matter, call our office at (859)-252-6700 today!