Many probate disputes arise when siblings can’t agree on what to do with specific assets. This is why drafting an estate plan is so important. It can give them guidance so that they don’t have to make these decisions on their own. However, some types of property are...
A will is a legal document that provides instructions. Usually, these instructions relate to how the testator’s assets will be distributed upon their death. However, instructions may also include things like who will look after minor children. The person tasked with...
If you are due to execute someone’s estate, then you want to do so as efficiently as possible. Not only will this save you time, but it will mean that the beneficiaries get the assets due to them as soon as possible. Doing that means they are less likely to be nagging...
Your parents passed away recently, and you were named as the estate executor in their estate plan. This means that you are the one who carries out the instructions that they left in that plan. You may start by making an inventory of all of their assets, for example....
As a beneficiary of a deceased’s estate, you will have to wait for the executor to do their job before you get the assets coming to you. While you need to exercise patience and realize this is effectively an unpaid role they are performing, there might come a point...
When a loved one passes away, sorting through their estate can be a complex process. Intellectual property (IP) rights, such as patents, copyrights, and trademarks, can add another layer of difficulty. These rights, which can be quite valuable, are something your...
The Kentucky probate courts often help interpret the law and enforce estate planning documents. However, sometimes the probate courts have to do the exact opposite. They may need to set aside or invalidate estate planning paperwork because of issues with the...
Probate is a legal process that happens after someone dies. It involves distributing the deceased person's assets to their heirs and paying off any debts. Understanding what happens to personal items during probate in Kentucky is important to help ensure the process...
The state of Kentucky does not recognize the transfer-on-death deed, also known as a beneficiary deed. Therefore, property owners in Kentucky do not have the option to use TOD deeds to transfer their property to designated beneficiaries upon their death. Unless people...
Probate is a daunting process, especially for those who serve as executors of an estate. If your loved one chose you as executor, you may find that the process requires extensive planning and organization. To fulfill your duties, you need to have a clear understanding...
