Your Guide Through Probate And Estate Administration
When a loved one dies, it sets in motion several legal processes that must be properly overseen. If the individual engaged in estate planning, this may be a relatively simple and straightforward process. If not, the estate will likely need to follow Kentucky’s probate process.
Probate can be a lengthy process — lasting at least six months if the deceased owned real estate — and there are many steps to administering it appropriately. Burnett & Griffin, PLLC, based in Elizabethtown, offers full-service probate services and will help you with every step. We can assess your loved one’s estate and determine if it qualifies for a simplified probate process or if significant assets can pass outside probate (accounts with designated beneficiaries, for example).
Estate And Trust Administration In Kentucky
One common strategy to ensure a smoother transfer of assets after a loved one dies or to minimize the chances the estate will end up in probate is to transfer much of the estate’s holdings into a trust. There are many types of trusts, each suited to different situations, including:
- Revocable trusts
- Irrevocable trusts
- Testamentary trusts
- Living trusts
While well-done trust planning often protects assets from going through probate, trusts must be administered properly. Individuals named as trustees must prepare an account of trust holdings, file tax returns for the trust and distribute trust assets to the beneficiaries. Our firm can assist you in carrying out these duties if you are named a trustee or the attorneys at our firm can act as an administrator for the trust.
Send Us Your Questions About Closing An Estate
Our lawyers and staff understand the stress and grief you may feel after a loved one’s death. Let us help make things easier by answering your legal questions about probate or estate administration. To set up a free case consultation, call us at 270-506-0246 or email our office. We serve all of Hardin County and the surrounding area.