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Kentucky charges an inheritance tax for some types of beneficiaries. It divides the types of beneficiaries into three categories: Class A, Class B and Class C. Class A The decedent’s spouse, children, grandchildren, parents and siblings fall under Class A. They don’t...
In Kentucky, an estate executor must set up a probate bank account as one of the essential steps in managing the deceased person's estate. The account, held in the name of the estate, is a temporary holding account for the deceased's assets. The account aids the...
In Kentucky, people going through the divorce process embark on a journey that involves several stages, resembling the grief process after a loss. Each step presents new emotions and challenges, which fall into six basic categories. Understanding these stages can help...
When a Kentucky resident dies, the person who assumes responsibility for fulfilling their wishes and distributing their assets is the estate executor. This role comes with great responsibility to the person who passed away, their heirs, and even the state. If someone...
When someone in Kentucky receives an inheritance, they receive assets that have been bequeathed to them by friends or loved ones after they pass away. An inheritance can include real estate, cash, investments, art or anything of value that the deceased individual...
When parents divorce in Kentucky, they need to write a parenting plan, or the court will do it for them. Creating a timeshare schedule is one component of a co-parenting agreement. You might want to adjust the schedule for your child's summer break. 2-2-3 This works...
Probate is a process by which someone's estate is settled after their death. If you have started creating your estate plan in Kentucky, you will want to protect your loved ones by bypassing probate. These are some steps you can take to avoid it. Gift assets One way...
While in the majority of cases a will is executed without problems, there are circumstances in which it's possible for someone to challenge the validity of a will in the Kentucky courts. Probate issues can be complicated and can have major financial ramifications...
Kentucky fathers might feel anxiety when preparing for a child custody hearing. Negative gender stereotypes sometimes work against fathers when child custody is an issue. And going into a custody battle with this knowledge can make a father worry about the outcome. If...
Having children complicates things if you're getting a divorce in Kentucky. Communicating with each child is critical to help them handle the changes as best as possible. Here are three tips to help ensure the transition goes smoothly. Let your children talk and feel...
