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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...
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...
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...
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...
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...
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...
In Kentucky, after a person dies, their estate must be settled. The case will begin with the deceased's will. From there, the estate might go to probate. The probate process begins The court will look at the deceased's will to initiate the probate process. If there is...
If a person owns property at the time of his or her death, it may be subject to Kentucky probate laws. A probate proceeding verifies a deceased individual's will or otherwise determines how assets within an estate should be distributed. Generally speaking, you are not...
You probably don't want to think about it, but if you are the executor of a loved one's estate, will you have to go through probate when that person passes? Not every estate in Kentucky must go through probate if the proper legal documents are already in place....
A per stirpes distribution ensures that everyone who stands to inherit from an estate will inherit equally. This method benefits the children and grandchildren of the deceased estate owner. There are other facts about this type of inheritance that are crucial to know...
