Replace Text In Legal Kentucky Probate Forms For Free

DISTRICT CIVIL/PROBATE DISTRICT CIVIL/PROBATEPetition to Probate Estate with Will$172.50Petition to Probate Estate without Will$125.50Postage (Small Claims ? certified)$14.99 per defendantSettlement for Minor (under $10,000.00)$110.5017 more rows

Probate is not always necessary, but it may be desirable to prevent problems and fraud. In Kentucky, estates with greater than $30,000 in probate assets are typically subject to probate and must be administered through the probate courts.

Assets properly transferred into the trust are controlled by the terms of the trust. The trustee manages the distribution of estate assets. Thus, assets in the trust are non-probate assets, and there is no need for a probate court proceeding.

In Kentucky, the following assets are subject to probate: Solely-owned property: Any asset that was solely owned by the deceased person with no designated beneficiary is subject to probate. This could include bank accounts, cars, houses, personal belongings, and business interests.

In Kentucky, you can make a living trust to avoid probate for virtually any asset you own?real 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 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.