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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...
The probate process often isn't fast. It may take a year or even longer to fulfill the decedent’s financial obligations and distribute the resources included in their estate. The executor or personal representative has to commit to several months or more of...
During probate proceedings or estate administration, the focus is generally on fulfilling a person's obligations and distributing what property remains. After paying taxes and allocating resources for creditors, personal representatives can make distributions to...
When a person creates an estate plan, it’s meant to outline their wishes for after they pass away. In most cases, the estate plan is followed as it’s written when that happens. Unfortunately, there are times when the loved ones may feel like the will doesn’t...
The Kentucky probate process ensures the proper administration of a deceased person’s estate. Understanding the steps involved can help ease the burden during this difficult time. Initiating the probate process To start the probate process, you must file a petition...
Estate administration comes with an assortment of risks. Personal representatives often spend hours working on estate administration. Their relationships with beneficiaries or heirs may decline due to heightened emotions during the probate process. They are also...
When a person passes away, much of their estate will go through probate. This can take time, so people are often curious about what assets need to go through probate and what can be transferred more quickly. For instance, a payable on death account typically skips...
