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Debt is a common feature of the economic lives of many Kentucky residents. Credit card, mortgage and car payments are part of their monthly budgets. If someone dies owing money to creditors, legal procedures are in place to resolve the debt. Paying debts through your...
When people in Kentucky pass away, their will needs to be probated before the underlying property can be passed to their heirs or beneficiaries. The probate process is overseen by the probate court and involves specific steps. Some assets do not need to go through it...
Losing a loved one is difficult, but it can be even more overwhelming when that family member has left behind an estate. Navigating the probate sale process in Kentucky can be emotionally draining and time-consuming for those still grieving. From understanding the...
When a loved one in Kentucky dies, there are many issues to address. One that people sometimes overlook is filing taxes. It is still necessary to file taxes for the year the person died. For example, if a relative died in August, there is still a potential tax...
Many people in Kentucky and elsewhere believe that probate only occurs if a person doesn’t have a will. However, this is not true; in reality, the process occurs based on a few different situations. This is when probate is necessary and what to expect. Understanding...
The probate process is not designed to be difficult and messy. However, sometimes, if enough questions, disagreements and suspected wrongdoing surface, probate litigation may be the only option for resolution. Mismanagement and breach of fiduciary duty by the executor...
Planning for the future is something every Kentucky family should consider. Having the proper legal documents in place simplifies property distribution after the death of a loved one. As you consider your assets, you will want to determine whether a will, trust or...
The Kentucky probate process can take an extended amount of time for a variety of reasons. While a primary reason to avoid probate is protecting personal assets, the amount of time it may take to contact all beneficiaries can be problematic as well. This happens in...
Probate is a process that most people want to minimize or avoid if possible. But there are associated procedures that can increase the difficulty and complexity of the situation. Ancillary probate is one of them. It can almost double the work that an executor may have...
Probate is a daunting task for many individuals in Louisville, Kentucky. They are worried about the legal costs involved and potential conflicts among their heirs. There are some special circumstances where a small number of people do not have to go through the...
