Johnson and Gatewood, P.S.C. - Frequently Asked Questions

	Johnson and Gatewood, P.S.C. www.johnsongatewood.com
	The purpose of this information is to inform our clients and potential clients, about the vital and complex matters related to planning estates for optimum efficiency, legal correctness and tax savings. For most Americans, next to their own lives, liberty and the welfare of their loved ones, planning for the disposition of their estates is next in importance. These crucial matters are complicated and should not be tackled without the competent assistance of an estate planning professional. You should not attempt to plan your own estate. There are many pitfalls associated with estate planning issues. However, if you are informed about these issues before discussing your estate planning with your attorney and other competent professionals, your objectives are more likely to be achieved.
	Frequently Asked Questions... What happens if I do not have a will? Is every kind of property subject to Kentucky’s Law of Descent and Distribution? What are living wills and healthcare surrogate designations? Why should I have a will? What can be done to avoid payment of burdensome Federal Estate Taxes? What gifts may I make tax-free? If my spouse and I die simultaneously, who will care for our minor children? Why do I need a Durable General Power of Attorney?