Most people know that they should have a will, but many don't know what a will is and how it works.
A will, also called a "last will and testament," can help you protect your family and your property. You can use a will to:
In Kentucky, if you die without a will, your property will be distributed according to state "intestacy" laws. Kentucky's intestacy law gives your property to your closest relatives, beginning with your spouse and children. If you have neither a spouse nor children, your grandchildren or your parents will get your property. This list continues with increasingly distant relatives, including siblings, grandparents, great grandparents, aunts and uncles, nieces, nephews, cousins of any degree, and your spouse's relatives. If the court exhausts this list to find that you have no living relatives by blood or marriage, the state will take your property.
No. You can make your own will in Kentucky, using Nolo's do-it-yourself will software or online will programs. However, you may want to consult a lawyer in some situations. For example, if you think that your will might be contested or if you want to disinherit your spouse, you should talk with an attorney. Nolo's will-making products tell you when it's wise to seek a lawyer's advice.
To finalize your will in Kentucky:
No, in Kentucky, you do not need to notarize your will to make it legal.
However, Kentucky allows you to make your will "self-proving" and you'll need to go to a notary if you want to do that. A self-proving will speeds up probate because the court can accept the will without contacting the witnesses who signed it.
To make your will self-proving, you and your witnesses will go to the notary and sign an affidavit that proves who you are and that each of you knew you were signing the will.
Yes. In Kentucky, you can use your will to name an executor who will ensure that the provisions in your will are carried out after your death. Nolo's will software and online will produces a letter to your executor that generally explains what the job requires. If you don't name an executor, the probate court will appoint someone to take on the job of winding up your estate.
If you and your spouse divorce (or if a court determines that your marriage is not legal), Kentucky law revokes any language in your will that leaves property to your spouse or names your spouse to be your executor. However, if you happen to remarry your ex or if you specifically state in your will that divorce should not affect the provisions in your will, then these rules won’t apply. Ky. Rev. Stat. Ann. § 394.092. If you have any concerns about the effects of divorce on your will, see an estate planning attorney for help.
If you need to make changes to your will, it’s best to revoke it and make a new one. However, if you have only very simple changes to make, you could add an amendment to your existing will – this is called a codicil. In either case, you will need to finalize your changes with the same formalities you used to make your original will (see above).
You can find Kentucky’s laws about making wills here: Kentucky Revised Statutes Title XXXIV Descent, Wills, and Administration Chapter 394 Wills.