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...
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Probate & Estate Administration
Possible delays are an extra reason to avoid probate entirely
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...
What is ancillary probate?
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...
Does everyone have to go through probate?
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...
What is the role of an executor during the probate process?
When someone in your family passes away, their estate typically goes through probate. Considering that, most decedents in Kentucky choose to have someone oversee the distribution of their estates. This role is otherwise known as an estate's executor. With that in...
Debts after dying
If you have debts in Kentucky when you die, you might think that they will disappear since you won't be able to pay them yourself. However, this isn't entirely true as there are some debts that could become the responsibility of others. Mortgages In the event that...
How long does it take to get your inheritance?
If you are a Kentucky resident and you have recently lost a loved one, you might wonder whether you will be getting your inheritance immediately. In part, this depends on how the person's assets were passed to you. When probate is unnecessary Certain assets may not...
What to know about a probate sale
Are you planning to buy real estate in Kentucky? In some ways, one of the riskiest moves you can make is to buy it at a probate sale. However, you can also come upon some amazingly lucrative bargains. The trick is to know what you are doing. You also need to know the...
Probates are sometimes lengthy processes: Here’s why
Although many people think that only the rich have estates to leave behind when they die, everyone in Kentucky has an estate, which is made of the total assets that belong to someone. Whether you have substantial wealth or relatively few assets, understanding the...
The steps of probate in Kentucky
Probate is the result of distributing a person's estate to the chosen heirs after death. The rules are different for residents in Kentucky than in some other states because there is no estate tax. The following are the steps taken during the probate process. File a...