Louisville Estate Planning Attorneys
An estate plan is important for everyone to have at every stage of their adult life. Having a comprehensive estate plan in place protects your assets during your lifetime and ensures that your property will be distributed according to your wishes after you are gone. Equally important, estate planning can protect you if you ever become physically or mentally incapacitated and unable to care for yourself or your financial affairs, even for just a brief period of time. At John H. Ruby & Associates, we take the time to sit down with you and understand your needs and goals. We provide the advice and assistance needed to create a complete estate plan that addresses all of your concerns and makes sure you and your family are protected now and into the future.
Leave a Lasting Legacy with a Kentucky Will
A will allows you to distribute your entire estate to family, friends, charities, educational institutions, or wherever you desire. The will is the perfect document to leave a legacy for future generations. The will also accomplishes many other important tasks, such as naming an executor for your estate, or naming a guardian for any minor children you may have. Even if you are transferring property through a revocable living trust, having a will in place will make sure all of your estate is accounted for and included in the trust. Our wills and trusts lawyers draft a will that meets all the requirements for valid wills in Kentucky so that you can rest assured your wishes will be followed.
Avoid Probate by Using Trusts
Trusts are another popular way to transfer assets instead of or in addition to a will. Property transferred through a trust does not have to go through probate, lessening the time and expense of that complicated process. Also, a trust document is confidential, as opposed to a will, which becomes a matter of public record when it is probated. A trust therefore offers a higher degree of privacy for people who don’t necessarily want the world to know the contents of their estate and where it is going. Trusts are also more difficult to challenge than wills in general, which can be contested in a number of ways. Our attorneys can help you create a revocable living trust or even more exotic trusts which offer tax savings, asset protection and other benefits.
Plan for Incapacity with Powers of Attorney
A comprehensive estate plan will also provide for your care in the event you ever become physically or mentally incapacitated due to illness or an accident, and you become unable to care for yourself or make your own health, financial and legal decisions, even for a short period of time. Through a combination of living wills, advance healthcare directives, and powers of attorney, we help ensure that the decisions affecting you are made according to your expressed desires by people you trust.
If the right powers of attorney are not in place when needed, it may be necessary for the court to impose an involuntary guardianship upon you. The guardian appointed by the court may be someone you don’t even know. If the decisions that matter to you most are taken out of your hands, make sure they are placed with someone you know and trust to do their utmost to look out for you and do what you would want them to.
There are several aspects to estate planning that we assist with. They are the following:
You can also visit our FAQ page for Estate Planning to gather information on the subject
Get Help from Caring and Experienced Louisville Estate Planning Attorneys
Creating an estate plan requires you to consider the things that matter most to you and make important decisions about them. We can help guide you through those decisions and draft the legal documents necessary to make them a reality. If you already have an estate plan, we can review it and make any changes when your needs or goals change. In Jefferson and Oldham counties, contact John H. Ruby & Associates in Louisville for advice and assistance from knowledgeable, caring and experienced Kentucky estate planning attorneys.