Discovering the contents of someone’s will can provoke delight in some and sadness or anger in others. Those who receive what they hoped or more than what they hoped will go away content. But those who feel hard done by, overlooked, unloved or cheated may want to...
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...
Blended families bring together various individuals under one roof, creating a unique dynamic that requires careful consideration when planning for the future. Estate planning helps ensure fairness and prevent conflicts after one passes away. Knowing the key aspects...
Estate planning is an important step in ensuring your desired asset distribution after you pass away. While creating a living trust is a common and effective method to manage your assets, be mindful of what you include in it. In many cases, specific items are better...
Probate is the legal process that is used to transfer title of assets from the decedent (person who passed away) to his or her devisees (recipients named in the will) or heirs (recipients named by law). Probate can be informal or formal, depending on the situation...
Writing a will is a significant step in helping to ensure one's assets are distributed according to their wishes after death. However, there are situations when the validity of a will may be questioned, leading to disputes and legal battles among the interested...
Being appointed an executor of an estate can be a significant responsibility. When the testator dies, you will manage their estate and distribute it to heirs. But when will you assume your duties? Here is what you should know: Immediately after the testator dies Most...
Executors typically try to honor the wishes of the decedent. The job involves closing the estate and distributing assets to beneficiaries and heirs. Still, someone may dispute or appeal the plan or a judge’s ruling concerning the will and estate plan. Common grounds...
It is a common presumption that people draft wills so they can pass significant assets along to their children. Still, an estate plan can also be quite valuable for those who do not have children or perhaps never married. Whereas many consider children and descendants...
Kentucky allows the estate to go through probate up to ten years after the decedent dies. As with many complicated legal processes, there will likely be delays and setbacks along the way, so it is best not to wait until the final days to complete it in probate court....
