Most debt is personal and doesn’t pass to your family when you die. But co-signed accounts, joint debts, and secured loans are real exceptions. Here’s how it works in Kentucky.
A Probate and Estate Planning Lawyer Can Help You Collect Debt If someone dies and owes you money in Kentucky, you are entitled to collect those debts from the deceased person’s estate and even get what is due to you before remaining assets are distributed to beneficiaries. After a death, Kentucky requires most estates to […]
Probate is the court-supervised process of administering a person’s estate after death. It typically involves validating the will, appointing an executor or administrator, paying valid creditor claims, and distributing the remaining property to the heirs. While probate serves an important purpose, most Kentuckians prefer to avoid it where they can: the process can be slow, […]
