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In Kentucky, life expectancy has been on the decline. This has been seen in the state as a whole, although there are some significant differences between counties. Counties that are in a relatively higher wealth bracket, for example, tend to have higher life...
Handling a loved one’s estate can become stressful when the bills add up to more than the estate owns. You may worry that creditors will expect you or other family members to cover the difference. In Kentucky, relatives generally do not become personally responsible...
A home may ultimately be the most financially valuable asset that a loved one leaves behind when they pass away. After a person's death, the issue of whether their home can be sold, transferred or occupied immediately generally depends on how the home was owned and...
Probate proceedings involve estate administration and the resolution of any outstanding obligations owed by an individual who has passed away. Personal representatives must ensure they complete all of their obligations under the law to minimize their liability....
If you’re managing a loved one’s estate in Kentucky, you may need to sell certain assets to pay debts, cover expenses or distribute inheritances. It sounds straightforward, but probate law doesn’t always make it simple. Whether you can move forward with a sale right...
Probate already comes with deadlines and court filings at a difficult time. When the person handling the estate lives in another state, those demands often become harder to manage. If you are trying to handle a Kentucky estate from afar, it helps to understand where...
When a Kentucky probate court appoints you as executor, you take responsibility for managing a loved one’s property and affairs in the state. If you live outside Kentucky, you must coordinate these duties from a distance. Your role is to guide the probate process,...
As the appointed representative of your loved one, you may find the probate process overwhelming. The process involves several steps that require meticulous planning. One of them is providing a probate bond with surety, and understanding its importance can help you...
Being a personal representative (executor) for the first time in Kentucky can leave you with a lot to handle. You are responsible for managing assets, paying debts, filing taxes and communicating with heirs. You may wonder if you must do everything yourself. The good...
Virtual probate allows you to manage an estate in Louisville, Kentucky even when you live in another state. Many families consider this option after a parent or relative passes away. Fortunately, although distance is a challenge, the state allows virtual processing...
