Add Required Fillable Fields Legal Kentucky Small Estates Forms For Free

Bank accounts, life insurance policies, investment accounts, retirement accounts, and other assets with designated beneficiaries aren't included in Kentucky probate. Because they're earmarked for specific heirs, the assets pass directly to their beneficiaries.

If you have a larger estate, you can avoid a long and expensive probate process by using a technique of asset transfer called a Living Trust. A document called a “trust document”, which is similar to a Will, is created which names a person who will control the trust.

First and foremost, there are a number of asset types that typically do not pass through probate. This includes life insurance policies, bank accounts, and investment or retirement accounts that require you to name a beneficiary.

Filing Independently Download Kentucky's Form AOC-830. Locate the decedent's will and collect information regarding the estate's debts and assets. Fill out Form AOC-830. Get the form notarized — if there are multiple surviving children who are filing, they must all swear and sign the petition before a notary.

In Kentucky, estates with greater than $30,000 in probate assets are typically subject to probate and must be administered through the probate courts. While people tend to want to avoid probate, it serves the valuable purpose of preventing fraud after someone's death.

If you have a larger estate, you can avoid a long and expensive probate process by using a technique of asset transfer called a Living Trust. A document called a “trust document”, which is similar to a Will, is created which names a person who will control the trust.

All estates are settled within two years unless extenuating circumstances create a need to petition the court for an extension of time. A settlement can go more quickly and smoothly if the deceased person practiced good record keeping and record organization before their death.

A Kentucky small estate affidavit can be used to avoid the hassles of probate while distributing the assets of a small estate. It can be used if the person who died (decedent) had $30,000 or less in assets in his or her name, even if there is no will.

In Kentucky, estates with a value exceeding $30,000 in probate assets are generally subject to the probate process and must be administered through the probate courts.