This Petition is an official form used by the Commonwealth of Kentucky, and it complies with all applicable state and Federal codes and statutes. USLF updates all state and Federal forms as is required by state and Federal statutes and law.
Kentucky Petition Order to Dispense with Administration Surviving Spouse, Children, or Preferred Creditor
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The Kentucky small estate affidavit, legally titled the 'Petition to Dispense with Administration' or Form AOC-830, is for use by the survivors of a person who has passed away with a small estate who want to avoid the hassles of probate.In addition, preferred creditor's can file the petition.
In Kentucky, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
The petition must also be submitted with a filing fee which is typically around $60.00. If the decedent died with a will, the original will must be submitted with the petition. A will is valid in Kentucky only if it is in writing, in English and signed at the end by the decedent.
As a rule, you can expect probate to take anywhere from six months to a year in most average cases. Simple probate matters can sometimes be handled more rapidly, while complex estates can take years.
Of the Estate's Affairs The final settlement with the probate clerk may be filed any time after six months following the date of appointment as executor and must be filed at least two years following appointment.
(NHJB-2145-P) Form use. This form is used to ask the court to appoint an executor or administrator for a deceased's estate.
Kentucky defines a small estate as real estate or personal property such as bank accounts valued less than $15,000.This includes bank accounts, vehicles, retirement accounts, heirlooms, and other personal property.
In Kentucky, if you die without a will, your spouse will inherit property from you under a law called dower and curtesy. Usually, this means that your spouse inherits 1/2 of your intestate property.If you don't have descendants, parents, or siblings, then your spouse inherits everything.
Settling the Estate The settlement may not be filed until at least six months from the date the personal representative was appointed. KRS §395.190. If settling the estate takes more than two years, a periodic settlement may be required.