Ideally, when someone’s will is read and their estate goes through probate, the beneficiaries will receive exactly what is outlined in the estate plan. One major benefit of creating an estate plan is to ensure a smooth transfer of assets to the next generation. In...
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Probate & Estate Administration
Do you have the time to execute your parent’s will?
It's a common practice for parents to name their adult children as the executor of their will. They likely believe their child is trustworthy and will administer the estate according to their wishes. If your parents name you as executor, it's imperative to understand...
What are the different types of joint ownership?
Joint ownership is when two or more people share ownership rights to a property or asset. This legal arrangement can greatly affect how an executor or personal representative can administer a person’s estate. There are several types of joint ownership, each with...
What if an executor can’t pay off a decedent’s debts?
The executor or personal representative of an estate has many responsibilities. They are at risk of removal from their position or possibly financial responsibility if they fail to fulfill any of the tasks associated with estate administration. They have to appear in...
Failing to account for digital assets can cause probate problems
As more of people’s lives and finances shift online, digital assets – including email accounts, online banking, social media profiles, subscription services and intellectual property uploaded to the Cloud – have become increasingly important. If these assets are not...
Proving undue influence when contesting a will
There are many reasons why people might initiate probate litigation. Some families have to take action because the personal representative abuses their authority or fails to perform job functions. Other times, concerns may stem from the estate planning paperwork, not...
How to manage an estate’s beneficiaries and heirs
Being the executor of someone’s estate is a big honor – but it’s also a big responsibility. Aside from the normal challenges that go along with making sure that an estate is properly probated, you may also have to deal with impatient, distrustful or even aggressive...
What are the duties of an estate administrator?
When a person who has an estate plan passes away, their estate administrator takes on the responsibility of handling the estate’s affairs. Throughout the process of handling the estate, it’s critical that the administrator follows the estate creator’s wishes. They...
How in-state representation can help those handling Kentucky estates
Families have a way of moving apart – geographically speaking – over time. Sometimes, retiring parents move to warmer locales. Other times, their children may leave the state where they grew up in pursuit of relationships or career opportunities. When someone dies in...
Are you going to inherit your parents’ credit card debt?
Credit card debt is very common in the United States, and it keeps growing. For example, it recently passed the $1 trillion mark, setting a new high point. But it is likely that it will only continue to climb from there, as Americans use credit cards for numerous...