Esign Legal Kentucky Small Estates Forms For Free

In Kentucky, a small estate is defined as having less than $30,000 in value, consisting of money and personal property. Small estates can go through a shortened probate process called summary probate.

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Requirements. To use the small estate process, there must be a surviving spouse and the gross probatable estate must be worth <$30,000 (with some exceptions when preferred debts exist). In determining gross probatable value of an estate, you should value assets as of the date of death.

A Petition to Dispense With Administration, which is form AOC-830, may be filed whether a person dies with or without a will, by the follow- ing individuals in the following priority: Surviving Spouse.

Settlements must take place at least six months from the appointment of the personal representative to ensure restraint in serving. In circumstances where the settling of the estate could take longer than two years, periodic settlements may have to be made before it can be finalized.

A Kentucky small estate affidavit, called the ?Petition to Dispense with Administration,? is a legal document that permits estates to be distributed without probate. The process of administering an estate through court can be a relatively long and costly process.