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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...
Families generally rely on wills and other estate planning documents after an adult dies. People can choose beneficiaries and even personal representatives to administer their estates. They can provide clear instructions regarding the distribution of their assets....
When a loved one passes away, the beneficiaries often have to wait a while before they can receive their inheritance. During this time, beneficiaries might be tempted to take out inheritance advances to access funds before the estate settles. While these loans can...
During estate administration, personal representatives have many responsibilities. They generally need to communicate with interested parties, including the family members of the deceased individual and their creditors. They need to follow the instructions provided by...
Serving as an estate administrator can be overwhelming, especially in the early weeks after a loved one’s death. The role involves legal, financial and practical responsibilities, which can easily become overwhelming. Fortunately, emerging technologies like artificial...
Those who have agreed to serve as personal representatives of the states in Kentucky have a long process ahead of them. They may need to attend hearings and probate court and physically secure assets. They have to communicate with a number of different interested...
When someone dies owning property in more than one state, probate can become more complicated. If your loved one lived in Kentucky but owned real estate elsewhere, you may need to go through more than one probate process. Below are some key factors to consider. ...
Learning that you've been excluded from a parent's will can be both emotionally devastating and financially significant. While parents generally have the legal right to distribute their assets as they see fit, disinherited children may still have certain protections...
