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Is Probate Required in Kentucky? Probate is required for most estates in Kentucky. State law dictates how the process is handled and how assets are divided up to the heirs. Anyone handling an estate must know the current law for the probate process.
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.
As an Executor, you should ideally wait 10 months from the date of the Grant of Probate before distributing the estate.
The most common and straightforward situation where a grant of probate will not be needed is where the deceased owned assets in joint names. This may be property, bank accounts, or life policies, that continue in the name of the survivor.
How Much Does Probate in Kentucky Cost? Depending on the value of the estate assets, probate can cost anywhere from 3 percent to 8 percent.
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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.
How Much Does Probate in Kentucky Cost? Depending on the value of the estate assets, probate can cost anywhere from 3 percent to 8 percent.
Most estates will need to go through probate in Kentucky. Unless they are part of a living trust, they will need to follow the probate process. Kentucky does allow for a simplified process for smaller estates. The term is dispensing with administration and is allowed for states with a value of $30,000 or less.
(KRS § 391.030) A small estate is defined as possessing personal property or money not exceeding $30,000.
Is Probate Required in Kentucky? Probate is required for most estates in Kentucky. State law dictates how the process is handled and how assets are divided up to the heirs. Anyone handling an estate must know the current law for the probate process.

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