What, exactly, is probate?
Probate is the legal process by which a deceased person’s estate is administered and distributed. Meaning, that after you die, probate is the legal process that will allow your property to be handed out either in accordance with your wishes (if you have an estate plan in place) or in accordance with state law (if you don’t). In Kentucky, as in other states, probate serves several important purposes: it works to ensure that debts and taxes are paid, verifies the validity of the deceased person’s will (if one exists) and oversees the transfer of assets to heirs or beneficiaries. While the...

