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What is Portability in Estate Planning?

Posted by Fred Simon | Sep 03, 2022 | 0 Comments

In larger estates, successful estate planning may need to consider choosing the portability option to protect a surviving spouse's estate against owing federal estate taxes. This blog provides a short explanation of portability and how it can be used to avoid death taxes.

HOW & WHEN TO CONTEST A WILL IN KENTUCKY

Posted by Fred Simon | Aug 27, 2022 | 0 Comments

Will contests are lawsuits filed to invalidate a person's Last Will and Testament for a number of reasons allowed under Kentucky law. There are specific grounds that must be alleged and required rules of pleading and procedure that must be followed to successfully present a case in Kentucky.

WHAT IS A KENTUCKY SMALL ESTATE?

Posted by Fred Simon | Aug 13, 2022 | 0 Comments

If someone dies without leaving assets worth not more than $30,000, Kentucky law will permit the transfer of assets without opening an estate. Even though Kentucky does not authorize the specific administration of small estates, the exemption statutes do permit a surviving spouse or children to avoid probate by dispensing with administration.

Claims against Estates in Kentucky

Posted by Fred Simon | Aug 05, 2022 | 0 Comments

Kentucky law has specific rules controlling when and how creditors may file claims against the estate of a deceased person. As part of his administrative duties, the personal representative must be aware of these rules and take actions consistent with the law.

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