When someone dies, their financial assets don’t all follow the same legal path. Joint bank accounts, in particular, often create questions during estate proceedings. If you handle estate matters, you need to understand how joint accounts shape asset distribution....
A History Of Growing Trust In Kentucky
Probate & Estate Administration
How does probate differ for small estates in Kentucky?
Managing an estate after a loved one’s passing can feel overwhelming, but Kentucky offers a simplified probate process for smaller estates. This option saves time and reduces expenses for families. Understanding the differences can help ensure the process goes...
How can digital assets be managed in estate administration?
In today’s digital age, estate administration must account for more than just physical assets. Digital assets, ranging from online banking accounts to social media profiles, present unique challenges. Effective management of these assets is essential to ensure a...
What is the probate process in Kentucky?
Navigating the probate process in Kentucky can seem overwhelming, but understanding the steps involved can make it more manageable. It is important to understand the key stages to help you through this legal procedure. Opening the probate case The probate process...
Common mistakes executors make and how to avoid them
Executors face a significant number of responsibilities that require attention to detail and adherence to the law. Because this process is complicated, executors often make mistakes that can result in delays and unnecessary complications. Understanding common pitfalls...
Is it realistic to expect estate administration to take a month?
Estate administration is the process of managing and distributing a deceased person's assets. In Kentucky, several factors affect how long it takes. While some may hope for a swift resolution, it may not be realistic to expect the process to finish within a month....
3 qualities to look for in an estate executor
Selecting the right executor for your estate is an important decision that requires careful consideration. An executor manages and distributes your assets according to your wishes after you pass away. Understanding what to consider when choosing an executor helps...
What does an estate executor do?
When drafting your estate plan, understanding the role of the executor who you’ll need you appoint is crucial. This individual will shoulder the responsibility of managing your estate after your passing. Due to all that is at stake, you should think about the...
Why could probate potentially take a long time?
When a loved one dies, the complexities of handling their estate can be overwhelming. One significant aspect that often prolongs the resolution is the probate process. Understanding why probate can take a considerable amount of time is important for those involved....
How long do creditors have to make a claim during probate?
The estate administration process creates numerous obligations for the executor or personal representative of the estate. Their responsibilities will include providing notice to creditors so that they can make a claim as required by Kentucky state law and then paying...