Woods Law, PLLC
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      • Accident & Injury
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      • Litigation & Disputes
      • Wills & Life Planning
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Woods Law, PLLC
  • Home
  • The Why
  • The Team
  • Practice Areas
    • Accident & Injury
    • Business & Branding
    • Custody & Adoption
    • Divorce
    • Litigation & Disputes
    • Wills & Life Planning
  • Advocacy
  • Contact

Wills & Life Planning

Develop a plan that ensures your final wishes are accomplished. Financial accounts, real estate, and child custody preferences can all be outlined in skillfully-crafted estate planning documents. 

Life and Estate Planning is for People of All Ages and Resources

Every person is unique and so are their estate plans. The need to have significant wealth to justify having an estate plan is a myth. There is much more to an estate plan than just what happens to assets upon death. There are many things that can happen while you are still alive that an estate plan can prepare for such as car accidents, emergency medical, temporary bill payments, and more. 


We are always happy to discuss your needs to create an estate plan that will accomplish your goals when you least expect it.

Law Will and Testament with glasses on top and other estate planning documents.

Last Will & Testament

A last will is a legal document that allows you to express your wishes for the distribution of your assets after your death. In Kentucky, a last will must be in writing, signed by the testator (the person making the will), and in most cases, witnessed by two people who are not beneficiaries of the last will.


A last will can be used to do the following:

  • Name beneficiaries for your assets, such as your spouse, children, or other family members and friends.
  • Appoint an executor to oversee the distribution of your assets after your death.
  • Create a trust to manage your assets for your beneficiaries.
  • Name a guardian for your minor children.
  • Express your wishes for funeral arrangements.
  • Determine ownership of pets after your death
  • Many other things unique to your wishes


If you do not have a last will, your assets will be distributed according to Kentucky state law, which may not be in line with your wishes. For example, if you are married and do not have a will, your spouse could inherit all of your assets. If you have children, your spouse could only inherit half of your assets, and the other half could be divided among your children. Every family situation is unique and without a will, it is impossible to predict into the future how your assets will be distributed at the time of your death. 


It is important to update your last will regularly to reflect changes in your life, such as getting married, having children, or getting divorced. You should also review your will if you experience a major life change, such as a serious illness or financial hardship.

If you need help creating a will, we are ready and happy to assist you. We always caution clients about creating wills online or when using forms purchased from an office supply store. Kentucky law is very specific about the elements of a validly-executed will and we have seen many issues arises from do-it-yourself templates.


Be sure to store your will in a safe place, but one that is accessible when needed. We recommend that you share the location of your will with at least one person that you trust; this can be the executor or a trusted family member or friend. 


If you would like to discuss creating or updating your will, we are ready and happy to assist.

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A person signing a power of attorney document with a pen. Woods Law power of attorney services.

Power of Attorney in Kentucky

A power of attorney (POA) is a legal document that gives one person the power to act on behalf of another person in certain financial and medical matters. A power of attorney can be either durable or non-durable. A durable power of attorney remains in effect even if the principal becomes incapacitated and unable to make their own decisions. A non-durable power of attorney terminates if the principal becomes incapacitated.


It is important to note that a power of attorney is not a substitute for a last will. You can read more about last wills in the paragraphs above. We can skillfully craft a power of attorney to meet your specific needs. 


If you would like to discuss creating or updating your power of attorney, we are ready and happy to assist.

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A hallway in a hospital with a portable bed and staff in the background. Woods Law living wills.

Living Will | Advance Directive in Kentucky

A living will is a legal document that outlines your wishes for medical care in the event that you become incapacitated and unable to make decisions for yourself. It is a type of advance directive, which is a document that gives instructions for your care in the event that you are unable to make decisions for yourself. It will name someone that you appoint to act as your healthcare surrogate and gives that person authority to act in your best interest, should you so choose.


A living will typically includes instructions on whether you want to be kept alive with artificial life support, such as a ventilator or feeding tube, if you are in a persistent vegetative state or have a terminal illness. You can also use a living will to express your wishes for pain management and other end-of-life care.


A living will is not a DNR (do not resuscitate) order. A DNR order tells doctors and other medical professionals not to attempt to resuscitate you if your heart stops or you stop breathing. A living will, on the other hand, addresses a broader range of medical care issues, including artificial life support, pain management, and organ donation.


If you would like discuss creating or updating your living will, we are ready and happy to assist.

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A plant growing out of a coin jar. Woods Law trust agreements in Kentucky.

Trust Agreement in Kentucky

A trust is a legal arrangement in which one person (trustor) gives another person (the trustee) the legal right to hold and manage assets for the benefit of a third person (the beneficiary). Trusts can be used for a variety of purposes, including estate planning, asset protection, and tax planning.


There are two main types of trusts: revocable trusts and irrevocable trusts. Revocable trusts can be changed or terminated by the trustor at any time, while irrevocable trusts cannot.


Trusts can be used to:

  • Provide for a child or other loved one with special needs.
  • Protect assets from creditors or lawsuits.
  • Save on estate taxes.
  • Invest assets in a tax-efficient manner.
  • Provide income for retirement.


Here are some of the most common types of trusts:

  • Living Trusts: Also known as revocable trusts, living trusts are created during the trustor's lifetime. The trustor retains control of the assets in the trust during their lifetime, but the trustee has the authority to manage the assets. When the trustor dies, the assets in the trust pass to the beneficiaries directly, bypassing the probate process.
  • Testamentary Trusts: Testamentary trusts are created in a will and come into effect upon the trustor's death. The trustee manages the assets in the trust for the benefit of the beneficiaries as specified in the will.
  • Spendthrift Trusts: Spendthrift trusts are designed to protect assets from a beneficiary who is likely to spend them irresponsibly. The trustee has the authority to control how the beneficiary can spend the trust income and principal.
  • Charitable Trusts: Charitable trusts are established to benefit a charitable organization. The trustee manages the assets in the trust and distributes the income and/or principal to the charity as specified in the trust document.
  • Specialty Trusts Unique to Each Client


Trusts can be a valuable tool for estate planning, asset protection, and tax planning. If you would like to discuss setting up a trust, we are ready and happy to assist.

Get In Touch With Us
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Woods Law, PLLC

909 Wright's Summit Pkwy, Ste. 200 | Fort Wright, Kentucky 41011

office. 859-578-4700 | contact@woodslawco.com

Corporate Photography by Jen Kruskamp @ www.jenkruskampphoto.com

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