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2020 4.8 Satisfied (149 Votes)
2017 4.3 Satisfied (70 Votes)
2005 4.1 Satisfied (74 Votes)
2000 3.7 Satisfied (35 Votes)
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Non-probate assets are those that do not require a courts involvement during the probate process, allowing for a smoother and quicker transfer to beneficiaries. These assets can include life insurance policies, retirement accounts, and properties held in joint tenancy, among others.
In Kentucky, estates with a value exceeding $30,000 in probate assets are generally subject to the probate process and must be administered through the probate courts.
Bank accounts, life insurance policies, investment accounts, retirement accounts, and other assets with designated beneficiaries arent included in Kentucky probate.
Kentucky has a lenient time requirement for probate. ing to the Kentucky Revised Statutes 395.010, it must be completed within 10 years after the persons death. However, it is better to file soon after the persons death and to complete the probate process as quickly as possible.
If the decedents personal estate is $30,000 or less and there is no surviving spouse, the surviving child(ren) may petition the court to transfer the property to them.
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In Kentucky, an estate must have a gross value of at least $30,000 before it is subject to probate.

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