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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...
When people create wills in Kentucky, they can choose executors to handle their estates after they pass away. People should be careful when they choose an executor to ensure that the person they choose is someone who is both willing and able to handle the many...
The decision on where to open probate requires an understanding of the complexity of your loved one's estate in Kentucky. The simplest cases involve situations where the decedent dies in the same county where their property resides. In these cases, you'll open probate...
If you haven't dealt with probate court before, the thought of it can seem overwhelming. However, probate will follow a predictable process to divide a deceased person's property. In Kentucky, a specific order of inheritance guides what happens to an estate going...
