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Related content

Petition/Order to Dispense with Administration...
Page 1 of 2. Commonwealth of Kentucky. Court of Justice www.courts.ky.gov. KRS 391.030;...
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Dispensing with Administration* W. ITH an...
a creditor may petition the probate court for letters of ad ministration and then...
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Annulment - Wikipedia
Annulment is a legal procedure within secular and religious legal systems for declaring a...
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Creditors can present claims against the estate by two alternative means: (1) by delivering or mailing the personal representative a written statement of the claim indicating the basis, the name and address of the claimant and the amount owed; or (2) by filing a similar statement with the clerk of the probate court ...

In appropriate circumstances, a Fiduciary may sell probate properties, such as to make needed cash available to pay debts and the costs of administration.

The Living Trust 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.

In Kentucky, estates with greater than $15,000 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.

(1) Administration of the estate of a person dying intestate may be dispensed with by agreement if there are no debts owing by the estate; all persons beneficially entitled to the personal estate have agreed in writing that there shall be no administration; and either there are no claims or demands due the estate, or ...

This petition is not obligated to remain open for the full probate process, which in Kentucky is a minimum six- month process. The purpose of petition to dispense is to enable the surviving spouse or child to be able to obtain their exempt share with a much lower cost and less delay than a full probate proceeding.

Maximum – $30,000. (KRS § 391.030) A small estate is defined as possessing personal property or money not exceeding $30,000.

Creditors can present claims against the estate by two alternative means: (1) by delivering or mailing the personal representative a written statement of the claim indicating the basis, the name and address of the claimant and the amount owed; or (2) by filing a similar statement with the clerk of the probate court ...

All creditors that wish to be paid from the estate are required to file a claims against the estate within 180 days (6 months) from the date the personal representative is appointed.

The law allows certain individuals to ask a District Court judge to direct the transfer of estate assets without the need for further court proceed- ings. KRS §395.450. This is known as dispensing with administration.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232