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Estate Planning


MEETING YOUR ESTATE PLANNING IN LOUISVILLE, KY, NEEDS

Many people believe that estate planning is only for people who are wealthy or have elaborate schemes for passing their money to their heirs. Others don't want to think about estate planning unless faced with an illness, or contemplating their death. However, estate planning in Louisville, KY, is for everyone. Estate planning is not "death planning;" it's "life planning," and an essential and rewarding process for individuals and families.

Our experienced attorneys will guide you through a process to uncover your hopes, fears, and expectations for you and those who are most important to you. We will prepare your legal documents, but those documents themselves are not "estate planning." Estate planning is a process, represented by a complete strategy that is established by a professional who has taken the time to get to know you, and who is committed to designing a specific plan for you.

Please contact our Client Services Director, Gwen Dunn, at (502) 625-6128 or via email to schedule an initial client meeting or ask a question. Remember, there is never a charge for the first client meeting.


Grandfather and Grandson, Estate Planning, Louisville, KY

Wills and Trusts

A will is a legal document, often called your "last will and testament." Wills are prepared and signed under specific requirements of the law. It is effective only upon your death. A will is designed to name who will receive your assets at your death.

Trusts

A trust is a legal document between a person and their trustee. With a revocable living trust, the person setting up the trust can be the trustee and continue to have total control of the trust assets. The trust can provide for them and their loved ones in the event of disability and at their death. The trust allows the client to continue to enjoy the benefits of their assets by being the beneficiary of the trust but allows the trust assets to stay out of probate.

 

Power of Attorney

Powers of attorneys are an often-overlooked part of estate planning. A power of attorney is a legal document where you name an agent, called an attorney in fact, to act on your behalf if you are unable to act for yourself. It is important for the elderly to have a durable power of attorney, but it is also very important for everyone else to have a power of attorney in case of disability. We often find that parents need to have a power of attorney for their over-18-year-old children that go off to college but want their parents to take care of their banking and other financial matters at home. Often, parents find that they are unable to access their adult child's information unless the child has given the parent legal power of attorney.

Smiling Woman in Wheelchair, Estate Planning, Louisville, KY
 
Grandparents with Granddaughter, Estate Planning, Louisville, KY

Healthcare Documents

It's important to have your healthcare documents up to date, including a healthcare power of attorney, living will and HIPAA Authorization.

Healthcare Power of Attorney
A healthcare power of attorney designates who you want to make healthcare decisions for you if you are unable. It also gives guidance to your agents and doctors in carrying out your medical treatment if you are unable to speak for yourself.
 

Living Wills

A living will is a legal document that states your wishes regarding your care if you become terminal or permanently unconscious. It allows your agent to keep you off life support and/or withhold artificial food and fluids if it is determined that there is no hope for your recovery from an accident or illness. It's important to note that a living will is not the same as a Do Not Resuscitate Order, and it is only applicable if you are terminal or permanently unconscious.

HIPAA Authorization

The HIPAA authorization sets forth who can have access to your medical information and who doctors can talk to if you are unable to speak to yourself. Since HIPAA laws have been passed, many doctors and hospitals will not talk to relatives unless they have permission to speak to them. By signing a HIPAA Authorization in advance, you will allow your loved ones to be able to speak with your doctors about your healthcare if needed.

Smiling Older Man, Estate Planning, Louisville, KY