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In Kentucky, probate or the legal process of distributing a person's assets upon their demise, can significantly affect real estate transactions. Understanding some of the common issues that can arise can help you navigate the probate process and make informed...
Kentucky charges an inheritance tax for some types of beneficiaries. It divides the types of beneficiaries into three categories: Class A, Class B and Class C. Class A The decedent’s spouse, children, grandchildren, parents and siblings fall under Class A. They don’t...
In Kentucky, an estate executor must set up a probate bank account as one of the essential steps in managing the deceased person's estate. The account, held in the name of the estate, is a temporary holding account for the deceased's assets. The account aids the...
