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In what instances may administration of an estate be dispensed with under Kentucky law?
(1) Administration of the estate of a person dying intestate may be dispensed with by agreement if there are no debts owing by the estate; all persons beneficially entitled to the personal estate have agreed in writing that there shall be no administration; and either there are no claims or demands due the estate, or
How long do you have to settle an estate in Kentucky?
A formal settlement must include a detailed record of all receipts and disbursements accompanied by canceled checks. A formal settlement must reflect the distribution to the heirs of their respective bequests.
Can an administrator of an estate sell property in Kentucky?
(1) The executors, or such of them as undertake the execution of the will, or, if all or more than one (1) undertake the execution of the will and part die or vacate the office, the residue or survivor, may sell and convey the land which the will directs or devises to the executor or to another person to be sold, or
What is a petition for probate of will and or appointment of executor administrator?
The probate petition typically consists of an application to be officially appointed as the executor, the death certificate, and the original will. A petitioner must ask the probate court to officially be appointed as the executor regardless of whether the decedents will has named them as an executor.
What does petition for administration mean?
The Petition for Probate of Wills and Letters of Administration with Will Annexed is requesting for the court to validate the Will and formally appoint an Administrator. The Administrator generally shares the same duties of an Executor. However, they are selected by the court rather than nominated by the decedent.
How to file a petition to dispense with administration in Kentucky?
Thus, a simple estate can be settled in as short a time as six months. All estates are settled within two years unless extenuating circumstances create a need to petition the court for an extension of time.
What is a formal settlement in Kentucky probate?
Zach Ramsey is the director of the Administrative Office of the Courts, the operations arm of the Kentucky court system. He began serving in his role Dec. 1, 2024, after being appointed by the Supreme Court of Kentucky. Prior to joining the Judicial Branch, Ramsey was a program management and technology consultant.
The formal settlement form (AOC-846) is also available from the court. The formal settlement form includes a de- scription of all transactions made by the
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