Kentucky Small Estate Affidavit Form

State:
Kentucky
Control #:
KY-ET20
Format:
Word; 
PDF; 
Rich Text
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Description

The Kentucky small estate affidavit form is a legal document designed to expedite the transfer of small estates without the need for formal administration. This form is utilized primarily when the value of the estate is below a certain threshold, allowing for a more efficient processing of decedent's assets. Key features include identifying the decedent, listing assets, and specifying the relationship of the petitioner to the decedent. The form also includes sections for waivers from surviving relatives and a certification process. For completion, users should fill in the required information, ensure the form is signed and dated, and submit it to the appropriate court. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in estate planning or probate matters. By using this form, they can help clients simplify the estate transfer process, ensuring that assets are quickly passed on without unnecessary court involvement or delays.

How to fill out Kentucky Summary Administration Package For Small Estates?

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FAQ

The first step is to locate the deceased person's original will. The second step is to file a petition, using form AOC-805, which asks the District Court judge to admit the will to probate and to appoint an execu- tor to administer and settle the decedent's estate.

Kentucky offers a probate shortcut for "small estates." This makes it easier for survivors to transfer property left by a person who has died. You may be able to transfer a large amount of property using the following probate shortcut -- saving time, money, and hassle.

A small estate affidavit is just a written legal document you can get a small estate. affidavit from the county clerk's office or have an attorney prepare one. Administering the estate with an affidavit is one of the key ways to avoid probate.

Which Estates Go Through Probate in Kentucky? Typically, those estates with greater than $15,000 in probate assets will be subject to probate. So what kind of assets are probate assets? Generally, any assets held in an individual's name only are subject to probate.

Small Estate without Administration If a Kentucky estate is worth <$30,000 and there is a surviving spouse, you can use the small estate process to settle an estate with minimal court involvement.

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Kentucky Small Estate Affidavit Form