Probate Basics: Duties of the Personal Representative

Probate Basics: Duties of the Personal Representative

The Personal Representative is the individual in charge of administering the estate.  This person is sometimes also called the Executor or the Administrator.  Here is a review of the basic duties of a Personal Representative, Executor, or Administrator as part of the probate process.

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Fact or Fiction: Beneficiary Designations Trump Your Will

Fact or Fiction: Beneficiary Designations Trump Your Will

Most life insurance policies and retirement accounts allow (and even encourage) the account owners to designate a beneficiary.  The designated beneficiary becomes the owner of the account upon the death of the original owner. In many instances, these are some of the largest assets that are passed on to the next generation.  So, what happens when a will indicates a different beneficiary than the paperwork for the account/policy? 

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Happy Thanksgiving

Bluegrass Elderlaw, PLLC wishes each of you a Happy Thanksgivng!   We are so thankful to have you as clients, collegues, and friends. 

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If you have a family member dealing with dementia or Alzheimer's disease, consider how you will interact with them. 

The Alzheimer's Associations has many resources, including: Holidays and Alzheimer's Families, Help for the Holidays, and Celebrating the Holidays with Alzheimer’s.

Disinheriting with a Dollar: Fact or Fiction

Disinheriting with a Dollar: Fact or Fiction

Occasionally, a client wants to disinherit a family member.  This could be for a variety of reasons: the family member does not need the money, the family member is a bad apple, or there is someone else who needs the inheritance more.  

There is a popular misconception that the client must leave these disinherited individuals an inheritance of $1.00.  Such a bequest is completely unnecessary and could actually cost your estate.

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The Reading of the Will: Fact or Fiction

The Reading of the Will: Fact or Fiction

The reading of the will as featured in movies and television is a common legal myth. Generally, after someone dies and the will is located, the executor will file to have the Will Probated. He or she will likely send copies to the beneficiaries or other family members. There will not be an official day where everyone goes to the attorney’s office and sits in fancy leather chairs while an attorney reads every clause in the will.

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Free Seminar Wednesday November 29, 2017

When: Wednesday November 29, 2017; 2:30pm

Where: Alzheimer's Association Basement Conference Room
2808 Palumbo Drive, Lexington, Kentucky

Why: Learn about legal and financial planning when someone has dementia or Alzheimer's disease

Who:  Anyone who is interested is welcome.  Attorney Mary Patton, from our office, will there to answer questions.

Printable Flyer

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Free Seminar MONDAY September 25

Legal and Financial Planning for Alzheimer's Disease

September 25th 1:00pm - 2:30pm - Beaumont Library

This program will give valuable information to families and individuals dealing with Alzheimer's disease and other forms of dementia about how to plan for legal and financial needs. Lexington elder law attorney Amy Dougherty will address issues such as power of attorney, guardianship, and handling the finances and property of a person with dementia. To register, please call the Alzheimer's Association at 1-800-272-3900. Registration required. 

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Distinguishing Asset Preservation Planning from Elder Financial Abuse

Distinguishing Asset Preservation Planning from Elder Financial Abuse

We, as elder law attorneys, are often asked to explain the differences between a legitimate asset preservation plan and elder financial abuse. The key factors to look for are the intent of the elder adult and the intent of the recipient, usually an adult child or children, who are involved in transfer of assets.

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Free Adult Guardianship Seminar

When: Tuesday, July 11 at 6pm  and Thursday, July 20 at 10am
(The same information will be presented at both sessions.)

Where: Lexington Public Library - Eastside Branch
3000 Blake James Drive, Lexington, KY 40509

Why: Learn more about the adult guardianship process and have your questions answered by an attorney.

Who:  Anyone who is interested is welcome.  Staff from our office will there to answer questions.

Click here for a printable flyer.

Attorney Amy E. Dougherty graduates from Leadership Lexington!  

Attorney Amy E. Dougherty graduates from Leadership Lexington!  

Attorney Amy E. Dougherty graduated from Leadership Lexington on June 15, 2017.  Leadership Lexington is an eleven month leadership development program sponsored by Commerce Lexington. The program takes only a limited number of applicants and is highly competitive. Leadership Lexington gives class members the opportunity to better understand the challenges faced by the city of Lexington. Participants meet with and learn from community leaders.

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Meet our Summer Intern!

My name is Nicholas Clary and I am the summer intern for Bluegrass Elderlaw, PLLC. I am a senior at the University of Kentucky currently studying Finance, Marketing, and Political Science. As my undergraduate studies near completion, I have started studying for the LSAT and GRE examinations in order to further my education. In addition, I enjoy coaching soccer as well as being an active member of various organizations such as the American Marketing Association and Christian Student Fellowship. 

Preventing Beneficiary Designations from Wreaking Havoc on Special Needs Beneficiaries

Preventing Beneficiary Designations from Wreaking Havoc on Special Needs Beneficiaries

The main way most American families save for the future is through private retirement savings plans such as 401(k)s and IRAs.  These plans offer the opportunity to designate a beneficiary upon the death of the account holder.  These designations allow the account assets to bypass probate and pass directly to the named beneficiaries. Often, individuals make these decisions when initially setting up the account and never reconsider them.

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