How taxes can impact estate administration in Kentucky
Estate administration broadly involves navigating probate proceedings and fulfilling someone's last wishes. The personal representative of a Kentucky estate must also fulfill someone's remaining obligations that they could not meet before dying. For example, estates typically assume responsibility for the debts of those who die. The assets in the estate typically need to go towards paying someone's obligations before the personal representative begins distributing resources to someone's chosen beneficiaries. Debts are only one of several obligations that can diminish the value of an estate....