What Do Estate Planning Attorneys Do?
If you’re thinking about getting your affairs in order, you’ve probably heard about estate planning attorneys—but what do estate planning attorneys do? These legal experts are your guides to creating a plan that protects your family, assets, and legacy. At Monohan & Monohan our Kentucky & Ohio-based estate planning attorneys make the process clear and stress-free. Let’s dive into the key roles they play and why they’re essential for securing your future! The Big Picture: What Is an Estate Planning Attorney? An estate planning attorney specializes in helping you organize your assets, wishes, and legal [...]
How to Find an Estate Planning Attorney
Planning your estate is one of the most important steps you can take to protect your family and legacy, but it starts with finding the right attorney. How do you find an estate planning attorney who’s experienced, trustworthy, and fits your needs? At Monohan & Monohan, we know the process can feel overwhelming, so we’re here to guide you with practical, straightforward tips. Let’s explore how to choose the best estate planning attorney in Ohio and Kentucky to secure your future! Why You Need an Estate Planning Attorney Why You Need an Estate Planning Attorney [...]
Why is Estate Planning Important?
You’ve worked hard to build a life for yourself and your loved ones, but have you thought about what happens to your assets when you’re gone? Why is estate planning important? It’s not just for the wealthy, it’s a crucial step for anyone who wants to protect their family, avoid stress, and ensure their wishes are honored. At Monohan & Monohan, our Kentucky and Ohio-based estate planning attorneys are here to make the process simple and stress-free. Let’s dive into why estate planning matters and how it can bring you peace of mind! What Is [...]
What Happens During the Kentucky Probate Process?
After someone dies, their property becomes their estate, and there will often be probate requirements to settle their affairs. Provided that the value of the estate is $30,000 or more, formal court oversight is required. However, people can take up to 10 years to complete the probate process after someone dies. Procrastination can lead to frustrations for those with an interest in an estate, and most families will benefit from the timely completion of the probate process. Beginning the probate process usually requires that someone files paperwork with the probate courts. After receiving a petition to open probate, the Kentucky courts can [...]
Out-of-State Property Could Necessitate a Second Probate Process
If you’re the executor of an estate belonging to someone who just passed away, you’re probably beginning to feel the weight of the responsibility you’ve agreed to take on. You hope there aren’t any surprises, but there always are. One of these surprises can be learning that the deceased owned property outside of Kentucky. That could result in the need for something called ancillary probate. That involves a probate process outside the main one in the domiciliary state where they lived and most of their property is located. It’s possible to avoid ancillary probate In a best case scenario, they [...]
