Owensboro Estate Planning

Find the right Wills & Trusts attorney in Owensboro, KY

In Owensboro, "estate planning" refers to all of the decisions affecting how a person's property is going to be disposed of after their death, as well as the process of implementing those decisions when the time comes.

Estate planning typically requires the advice of a legal and/or financial expert, because the issues involved can be confusing, and are considered by most to be quite important. A flawed estate plan might create conflict between your survivors, resulting in your intentions not being given effect.

In addition to deciding what to do with your assets after your death, your estate plan should also include things that might become relevant during life. Power of attorney is a big one. Power of attorney is an arrangement in which you give another person the ability to make decisions for you, if you become incapacitated. Additionally, effective estate planning can help reduce the effect of taxes and court fees on your final disposition to your chosen beneficiaries.

A knowledgeable Owensboro professional experienced in estate planning can make this process a great deal easier. They can also help ensure that your estate plan does not end up in court.

Common Features of Owensboro Estates

Will: A will is often the central component of an estate plan. It is a legal document which says what is to be done with a person's assets after they die. It typically involves giving money and property to the testator's close family members, friends, and sometimes charitable organizations.

Living Will: Living wills are also very crucial for most people. Basically, a living will tells everyone concerned (your next of kin, and your doctor) what type of medical care you want if you become incapacitated. It normally includes the circumstances under which a person wishes to be kept on life support, when they want to be taken off of life support, and, sometimes, instructions on when medical staff should and should not attempt resuscitation.

Power of Attorney: Power of attorney is the power to make binding decisions for another person, when that person becomes unable to make or express their own decisions. You can grant power of attorney to anyone you want, but, for obvious reasons, you should only grant it to somebody you trust, and discuss your exact wishes with them, in case they actually have to make a decision for you.

Funeral Arrangements: You should make it very clear to the people handling your funeral what type of funeral you want, and what you want done with your body. You should not put these instructions in your will, because wills are frequently not read until days or weeks after the testator dies, by which point it may be too late to give their wishes on this subject effect.

Do I Need a Owensboro Estates Lawyer?

A flawed estate plan in Owensboro can result in those affected by it being confused as to your intent, which can then lead to disputes between them. A knowledgeable attorney can frequently avoid this confusion by ensuring that there is as little ambiguity as possible in your will and other related documents.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Owensboro

Owensboro, Kentucky is the third largest city in Kentucky, and it is the county seat of Daviess County. As of a 2009 estimate by the Census Bureau, it has a population of about 55,000 people.

Human habitation of the area now known as Owensboro dates back at least 12,000 years, with indigenous peoples populating the area, at least on a seasonal basis. The first known permanent settlement of Owensboro came in 1797, when William Smothers set up a trading post.

Modernly, Owensboro is a major center for Bluegrass music, and has a museum dedicated to the musical genre. It also has several different Bluegrass festivals throughout the year. Of historical note, it is also home to Temple Adath Israel. Built in 1877, this place of worship is one of the oldest synagogue buildings in the United States, and is listed in the National Register of Historic Places.

If you live in Owensboro, Kentucky, and are facing a legal issue, an Owensboro Kentucky attorney can probably help. Owensboro, Kentucky lawyers can handle just about any case a resident of the area might be dealing with.

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