Most Kentucky residents who do estate planning are particularly concerned about how their assets will be distributed when they are gone, and who shall get what. These kinds of decisions are difficult to make, and they should be considered carefully before finalizing your asset distribution plan if you want to avoid family arguments and legal battles when you are gone.
Asset distribution is not only about who your favorite nephew is, and who "deserves" more than someone else. For example, if you do choose to implement an unequal distribution strategy for your heirs, you will want to make sure that you consider the potential consequences that could arise after you have died.
Heirs may not always feel the way you do about your choices regarding who gets what -- particularly the heirs who received less than others or those who received nothing. Even if you simply divide your estate equally among your children, some of your offspring might feel they got the short end of the stick if you were a lot more generous to other children with large financial gifts while you were alive.
In order to minimize the chances of legal battles and family arguments after your death, it is important to do two things: 1) make sure that choose the fairest estate distribution strategy possible, while considering all potential areas of disagreement that might arise; 2) explain your estate plan to your heirs and family carefully -- while they are all in one place -- so that everyone is on the same page and they know exactly what your wishes are and what to expect when you die.
By doing these two things, Kentucky residents can help preserve the continuity of their families after they have passed. An experienced Kentucky estate planning attorney can also assist you in avoiding potential pitfalls in this regard.