Kentucky has its own laws governing wills and estate plans. As a resident living there, you must understand these laws. If you do not abide by them, the state may consider your will to be invalid. This can make the inheritance process unnecessarily complex for your loved ones.
There are two primary types of alternative wills people discuss. These are nuncupative (oral) wills and holographic (handwritten) wills. In Kentucky, oral wills are not considered valid. This means you cannot speak your final will and testament to someone, as the court will not honor it. You also cannot tell someone else your will and have them write it down for you.
The law allows for holographic wills but the testator must write them. This means you must write the entire will by hand yourself in addition to signing it. Some states also require you to have witnesses sign. This proves that you wrote and approve of the will’s contents. Even when witnesses are unnecessary, having them can get your will verified faster.
Be aware of the fact that the court will hold your handwritten will to the same standard as wills written by lawyers. This means you need to take care not to have any typos, vagueness or incorrect wording. If you do, the court may determine your will to be invalid.
If you are curious to read more about wills and trusts, you may want to visit our web page, linked here. From there, you can take a look at will laws, how to set up trusts, and much more.