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Estate administration comes with an assortment of risks. Personal representatives often spend hours working on estate administration. Their relationships with beneficiaries or heirs may decline due to heightened emotions during the probate process. They are also...
When a person passes away, much of their estate will go through probate. This can take time, so people are often curious about what assets need to go through probate and what can be transferred more quickly. For instance, a payable on death account typically skips...
Dividing property during a Kentucky divorce involves more than just splitting everything down the middle. Some assets are considered shared, while others remain yours alone. Understanding what qualifies as non-marital property can help you protect what’s rightfully...
Families generally rely on wills and other estate planning documents after an adult dies. People can choose beneficiaries and even personal representatives to administer their estates. They can provide clear instructions regarding the distribution of their assets....
When a loved one passes away, the beneficiaries often have to wait a while before they can receive their inheritance. During this time, beneficiaries might be tempted to take out inheritance advances to access funds before the estate settles. While these loans can...
During estate administration, personal representatives have many responsibilities. They generally need to communicate with interested parties, including the family members of the deceased individual and their creditors. They need to follow the instructions provided by...
The determination of alimony (or “maintenance” as it’s called under Kentucky law) should have nothing to do with gender. The state statute refers to “spouse” without gendered names like husband and wife. The days when most husbands outearned their wives or were the...
A no-contest clause can be helpful if you’re worried about your beneficiaries getting into a dispute over your estate plan. You don’t want anyone to challenge the will. Your goal is to smoothly transition your assets to the next generation, and you don’t want the...
Serving as an estate administrator can be overwhelming, especially in the early weeks after a loved one’s death. The role involves legal, financial and practical responsibilities, which can easily become overwhelming. Fortunately, emerging technologies like artificial...
There's no guidebook for becoming a single dad overnight. One day, you're tucking your kids in every night, reading their favorite bedtime stories, knowing exactly what each day holds. The next, you’re staring at a court-approved calendar, counting the days until you...
