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, […]
Mourning the loss of a loved one is never an easy process. Having to deal with probate issues can make grieving even more difficult because of the added stress of managing an estate through probate. Understanding the probate process in Kentucky can be challenging, especially if you’re unfamiliar with the terminology and Kentucky probate laws. […]
We understand that becoming the beneficiary of an estate is often a bittersweet experience. The pain of losing a loved one is rarely surpassed by the monetary gifts they may leave behind. However, when the estate goes to probate, and the process seems never-ending, our probate attorneys at Bunch & Brock may be able to help […]
Going through probate can be a lengthy, expensive and stressful process, but the attorneys at Bunch & Brock make that process easy and straight-forward for their clients. If you’re wondering whether all assets have to pass though probate, the general answer is no. The things that are typically required to pass through probate are assets […]
