WHAT HAPPENS DURING THE KENTUCKY PROBATE PROCESS?

After someone dies, their property becomes their estate, and there will often be probate requirements to settle their affairs. Provided that the value of the estate is $30,000 or more, formal court oversight is required. However, people can take up to 10 years to complete the probate process after someone dies. Procrastination can lead to frustrations for those with an interest in an estate, and most families will benefit from the timely completion of the probate process. Beginning the probate process usually requires that someone files paperwork with the probate courts. After receiving a petition to open probate, the Kentucky courts can [...]

By |May 22, 2023|Categories: Estate Planning & Probate|0 Comments

OUT-OF-STATE PROPERTY COULD NECESSITATE A SECOND PROBATE PROCESS

If you’re the executor of an estate belonging to someone who just passed away, you’re probably beginning to feel the weight of the responsibility you’ve agreed to take on. You hope there aren’t any surprises, but there always are. One of these surprises can be learning that the deceased owned property outside of Kentucky. That could result in the need for something called ancillary probate. That involves a probate process outside the main one in the domiciliary state where they lived and most of their property is located. It’s possible to avoid ancillary probate In a best case scenario, they [...]

By |March 21, 2023|Categories: Estate Planning & Probate|0 Comments
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