Estate Planning and Administration in Lexington, KY

Why is Estate Administration Important?

After the loss of a loved one, the last thing anyone wants to do is face the stress and effort of handling the probate of a will or an estate’s administration. With support from Elder Law Lawyers, Lexington, KY’s premier estate planning law firm, you or your loved ones won’t have to do this alone.

Most people assume certain assets will go to their most immediate loved ones when they pass, but that’s not always the case. Kentucky estate law has many nuances that can leave your family in the lurch. Protect your home for your spouse and children and ensure your finances are appropriately distributed upon your passing with the proper legal documentation.

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Create Your Estate Plan

Estate planning is simpler with help from experienced estate planning lawyers. Plan for the future or find support in your time of need. Schedule a consultation with our elder law attorneys and experience clarity and confidence in your decisions

Administration and Estate Planning in Lexington & Northern Kentucky

Simplify the Administration Process

Estate administration refers to the overall process by which a person’s estate is administered after their death until all debts are paid and properties are distributed to the designated heirs and beneficiaries. Whether you’re facing the recent passing of a loved one or you’re trying to prepare for the future, Elder Law Lawyers is here to help.

Assessment

During the consultation process, you’ll get to know our team. We’ll present you with an analysis of your circumstances and advice about the best next steps to take.

Implementation

We’ll guide you through the next course of action, helping you designate your wishes or follow through on a loved one’s, streamlining and simplifying the entire process.

Relief

Having our advocates on your side makes it easier to process the decisions you’re making and leaves no stone unturned when it comes to your family’s benefits.

Legal Services That Protect Your Way of Life

These services offer a strong foundation for preserving the assets you care about for your loved ones. Click on any topic to learn more, or contact the best estate planning lawyers in Lexington for guided information about which services best suit your needs.

Probate

Carry out final wishes with strong attention to detail.

Advance Directive

Ensure your wishes are followed should you become incapacitated.

Power of Attorney

Learn more about wills and designating someone to act on your behalf.

Revocable Trust

Revocable or living trusts preserve your assets and privacy.

Adult Guardianship

Create protections for loved ones with limited independence.

Save Money, Time, and Effort

The Benefits of Creating an Estate Plan

Estate planning reduces stress on your loved ones, often saving money and preventing the loss of assets. Our estate administration services include the following:

Handle all of the court pleadings, orders, notices, and certified mail
Quickly alert you to potential and often concealed risks of legalities and finances
Outline immediate and vital steps necessary to preserve estate assets
Answer the complex questions that inevitably arise for you and the decedent’s other family members
Advise you which expenses should or should not be paid, the proper source of payment, and the documentation required for reimbursement.
Guide you on how to minimize potential liability to heirs, creditors, or tax authorities for unauthorized actions or the failure to take required actions.

Elder Law Lawyers is prepared to coordinate various strategies and planning tools for effective estate administration.

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Your Estate Law & Administration FAQs

What is a durable power of attorney?

A Durable Power of Attorney for Health Care is a legal document that designates someone to make medical decisions for you if you become unable to do so. This person, your agent, follows your guidance on specific treatments. You can learn more about power of attorney here.

How can an estate administration attorney help me?

Our estate administration attorneys in Lexington & Northern Kentucky help you manage your loved one’s assets in the following ways:

Filing the necessary legal documentation to initiate and then later conclude the probate process
Handling the payment of the decedent’s debts
Providing the validity of the decedent’s will
Distributing the assets of the estate in accordance with the decedent’s wishes
Preparing and filing the decedent’s estate tax return
Assessing repayment of long-term care costs
Settling estate tax matters, including matters arising in connection with an estate tax audit

What’s the difference between administration and probate?

Administration is not the same as probate, which is the process by which a will is proved. Administration begins after the probate process is completed if there is a will and an executor or administrator is appointed.

In Kentucky, for estate administration purposes, both an executor and administrator are referred to as the estate’s personal representative.

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Get in Touch With Your Local Estate Planning Lawyers

At Elder Law Lawyers, we understand that administering an estate after a loved one passes can be stressful and challenging for many people. Our estate planning firm can help you lift that burden from your shoulders to the extent that you so desire. Typically, this is paid for by the estate, not by the person we assist.

We work hard to alleviate stress and help clients see the greatest possible benefits in their circumstances. From explaining beneficiary designations to compiling estate planning documents, we act as a resource and a guide.