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When someone passes away in Kentucky, they leave behind assets. A way to take care of this situation is through probate, a legal process that settles and distributes a deceased individual's estate. Estates also require executors who must follow Kentucky's laws and any...
Estate planning incorporates appointing a trusted individual in a Kentucky testator's will. In many cases, the executor is not an attorney and may be unfamiliar with managing and distributing an estate. A probate attorney can help executors discharge their duties,...
If your parents in Kentucky have named you as the executor of their will, you'll quickly discover that the role has emotional implications, as well as administrative tasks. They have honored you with carrying out their last wishes. However, you must remember several...
A home that remains in your estate upon your death may be transferred or sold per state probate laws. Probate is the process by which the contents of your will are verified and a judge gives permission to distribute assets according to your instructions. If you don't...
Each year, thousands of people pass away in Kentucky, and their estates and accumulated assets are resolved in various ways. This process can vary significantly depending on the size of the estate, and, most importantly, the deceased's estate plan. When the deceased...
It is generally considered an honor to be named as a friend or family member's estate representative. However, with that honor comes a number of responsibilities that you have to carry out in accordance with Kentucky law. Although you likely won't get in trouble for...
One of the most important decisions when planning your estate in Kentucky involves selecting an executor. Usually, the chosen individual is considerably younger as the individual creating the estate expects the executor to be around to disperse their assets when the...
Contending with the loss of a loved one in Kentucky or in any other part of the world is often a challenging time. Fortunately, a reliable and trustworthy executor can help families and friends after a loved one passes away. Whether named in a will by the decedent or...
Most people in Kentucky who inherit money from a family member won't have worry about federal estate taxes reducing the amount of their inherited assets as only estates worth more than $12.92 million are subject to it as of 2023. However, do beneficiaries need to pay...
If you've been through the probate process in Kentucky, you know it can be time-consuming and sometimes expensive. However, probate can be a helpful option to administer a decedent's estate. That said, probate processes vary by state. The Uniform Probate Code (UPC)...
