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You don't want to die intestate, make your estate plan today

You have worked hard for the things that you have. You probably want to decide where your things are going to go when you die. You don't want your family members to fight over them and you don't want someone who doesn't know you to decide where things will go.

If you truly want a say in what happens after you are gone, you need to create a clear and concise estate plan right now. If you don't, you will die intestate.

When you die intestate, which means without a will, the laws of Kentucky will determine who gets the things you have amassed. There is a specific flow chart of sorts that lets the probate court know where to send your belongings.

In most cases, your loved ones will have a long and expensive journey ahead of them when you die intestate. This is because they have to do everything in a specific order that can take up valuable time.

There are a number of tools that you can use to get your estate plan ready. You can write out a will and place assets in trusts. You can designate powers of attorney and write out a living will. All of these can make the days leading up to your death and the days after a bit easier for your family members.

As you work on creating your estate plan, think about how each option will impact your finances now. You also have to think about the tax and financial implications of each decision that you are considering because these might be significant.

Source: FindLaw, "Understanding Intestacy: If You Die Without an Estate Plan," accessed June 09, 2017

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