Creative Solutions For Your Kentucky Families Seeking Legal Security
When one of your parents dies with business debts, you may worry those debts will become your responsibility. That concern is common in Kentucky estate cases, especially when the business involved loans, equipment financing or unpaid vendor bills. In most situations,...
When someone passes away, their family often wonders when they will receive their inheritance. Many people assume that heirs receive assets right away. What they are not aware of is that the estate must pay certain debts and expenses first. In Kentucky, probate law...
The Kentucky probate courts oversee the administration of estates. When people who lived in Kentucky die, the probate courts in the county where they resided generally oversee their probate cases. The probate process often begins with the submission of a will to the...
If you inherit a home that your parents owned outright, that home is simply an asset. If you already own your own home, you could simply sell the inherited home. If you don’t own a home, you could move into the one you inherited and not worry about mortgage payments....
In the midst of grief, families are often confronted with the immediate and practical need to handle the deceased’s estate. From securing property to settling debts and distributing assets, estate administration can feel overwhelming when emotions are still raw. The...
Overseeing the probate process is a task that is associated with a number of complex obligations. Personal representatives have to attend court and make sense of complicated financial records. They have to communicate with multiple interested parties, including...
Estate administration is sometimes relatively smooth. The deceased individual made prior plans before their passing and communicated with their loved ones about their wishes. No one feels shocked or disappointed. There are no questions about the validity of their...
An estate plan is generally binding. When someone has put a will in place specifying how they want their assets to be distributed among their beneficiaries, the estate executor's job is simply to follow those instructions. However, in some cases, an estate plan may...
It’s not uncommon for a testator to make several copies of their will and put them in the hands of loved ones for safekeeping. However, that original document is the one that ultimately needs to be submitted to the probate court. What happens if you can’t find it?...
Simply putting personal wishes in writing isn't enough to create an estate plan. Testators have to ensure that their documents comply with state law and that their loved ones know where to find their documents after they die. Some people write their own wills by hand,...