Each year, thousands of people pass away in Kentucky, and their estates and accumulated assets are resolved in various ways. This process can vary significantly depending on the size of the estate, and, most importantly, the deceased's estate plan. When the deceased...
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Year: 2023
Mistakes to avoid while serving as an executor
It is generally considered an honor to be named as a friend or family member's estate representative. However, with that honor comes a number of responsibilities that you have to carry out in accordance with Kentucky law. Although you likely won't get in trouble for...
Coping strategies for dealing with a divorce
Severing an intimate bond with someone you once considered a life partner will undoubtedly cause some emotional upheaval. Fortunately, there are ways to ease the journey back to normalcy. Here are some tips for helping you make it through this difficult time following...
What happens if your executor dies during probate?
One of the most important decisions when planning your estate in Kentucky involves selecting an executor. Usually, the chosen individual is considerably younger as the individual creating the estate expects the executor to be around to disperse their assets when the...
Why beneficiaries or creditors can legally sue an executor
Contending with the loss of a loved one in Kentucky or in any other part of the world is often a challenging time. Fortunately, a reliable and trustworthy executor can help families and friends after a loved one passes away. Whether named in a will by the decedent or...
Differences between annulment and divorce
Kentucky couples who tie the knot expect their marriages to last. Sadly, that’s not always the case; things may happen over time, leading to a breakdown. Some couples will end up divorcing while others may qualify for an annulment. These are the differences between...
Creating an effective back-to-school co-parenting plan
As summer ends, it's time for many Kentucky families to shift gears and prepare for the back-to-school season. Effective co-parenting during this period can significantly contribute to a smooth transition for the kids and reduce stress for all parties involved....
Must beneficiaries pay taxes on estate distributions?
Most people in Kentucky who inherit money from a family member won't have worry about federal estate taxes reducing the amount of their inherited assets as only estates worth more than $12.92 million are subject to it as of 2023. However, do beneficiaries need to pay...
Everything you need to know about Uniform Probate Code
If you've been through the probate process in Kentucky, you know it can be time-consuming and sometimes expensive. However, probate can be a helpful option to administer a decedent's estate. That said, probate processes vary by state. The Uniform Probate Code (UPC)...
Prepare for these common probate real estate issues
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...