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wills

04.14.2021

Do I Need a Will?

One of the most frequent things I hear from potential clients is “I don’t have much, so I don’t need a will.” If you do not have substantial assets, then you may be wondering if this is true. Read More

04.05.2021

ELPO Law Partner Nathan Vinson Joins Elevate Kentucky Class of 2021

ELPO Law Partner Nathan Vinson Joins Elevate Kentucky Class of 2021 Read More

11.23.2020

Why Do I Need a Power of Attorney or Advance Medical/Living Will Directive?

Without the right power of attorney – or any at all – the incapacitated individual’s family would need to go through the justice system to have a guardian or conservator appointed to represent them. Read More

11.11.2020

Reduced Rate on Simple Estate Plans for Veterans

Reduced Rate on Simple Estate Plans for Veterans Read More

10.26.2020

Simple End of Year Tax Planning and Wealth Transfer Tips

Believe it or not, the end of 2020 is quickly approaching (insert collective sigh of relief). While I think most of us are ready to start looking forward to 2021 and would prefer to not even have to utter the words 2020 anymore, now is the time to finish off the year strong by reviewing simple, yet important, year-end tax planning and wealth transfer tips.  When most people think of tax planning and wealth transfer, they may have in mind complex estate planning documents and an overload of legal and accounting advice.  But that doesn’t have to be the case.  Here are three simple tips that you can implement with relative ease, though you will want to consult your tax advisor first. Read More

08.24.2020

Reduced Rate on Simple Estate Plans for Frontline Workers

Reduced Rate on Simple Estate Plans for Frontline Workers Read More

07.29.2020

LEGAL UPDATE: Kentucky Changes Power of Attorney Law Effective July 2020

Right at two years to the date, Kentucky has again changed its power of attorney law by adopting parts of the Uniform Power of Attorney Act. Read More

04.02.2020

Executing Wills Remotely During COVID-19

Executing Wills Remotely During COVID-19 Read More

02.12.2020

ELPO Law Announces Addition of Medicaid Planning Practice Area

New Practice Area Announced: Medicaid Planning Read More

07.26.2018

Your next legal step after your divorce: change your will

By Elizabeth McKinney, Partner English, Lucas, Priest and Owsley, LLP After you’ve completed your divorce, chances are, you want nothing to do with any more legal documents, courts or attorneys. It’s understandable. It’s a big process that can take a lot of time, and many find it to be exhausting. But you do have one more step to do as soon as your divorce is complete: change your will. I cannot stress enough how crucial this is – and how much it needs to be attended to right away. Most people create a will around the time their first child is born as a way of ensuring that their child’s welfare and their assets are protected. Typically, each spouse will leave everything to the other spouse. If you die, and your will is still in place from a time before you divorced, it will still be in force. Your ex will receive all of your assets. When a divorce becomes final, Kentucky law does automatically revoke the provisions of a will which provide for a distribution to a spouse, or appointment of the spouse as executor, trustee, or other fiduciary appointments.  Nevertheless, it is important to update your will after a divorce to designate who receives your assets, who serves as executor, etc. in place of the former spouse. Read More