Probate remains a mystery to most people. Yet, probate is nothing more than a court-supervised transfer of title to an asset. The goal is to take title out of a deceased person's name and to put it into a living person's name.
The recipient of a deceased person's assets depends upon whether or not that deceased person left instructions in a will identifying the recipient or, if no will is found, which statutes apply identifying the recipient by default.
The probate attorneys of Ackerson & Yann will guide you through the probate process and facilitate the transfer of assets to the appropriate beneficiaries. Our skilled litigation attorneys can effectively address any disputes. For experienced legal advice in all probate-related matters, please contact a Kentucky probate lawyer at Ackerson & Yann today.
Probate often involves:
• Proving in court that a decedent's will is valid
• Identifying and inventorying the decedent's property
• Having the property appraised
• Liquidating assets
• Paying debts and taxes
• Distributing the remaining property as the will directs
Though this explanation of probate may seem simple, the process usually is not. Creditors, family members, beneficiaries, the surviving spouse, and the personal representative for the estate all have an interest in the probate estate's assets. Because each person has a different interest that is protected by law, the probate process can be lengthy, time-consuming, and costly.
Ackerson & Yann represents beneficiaries and fiduciaries, including executors, trustees, conservators, and guardians throughout Kentucky probate courts in the following areas:
• Accounting actions
• Claims against fiduciaries
• Trust contests and reformation
• Will contests
• Will and trust construction and litigation
• Post-death tax planning
Oftentimes, post-death tax decisions can be just as important as the estate planning decisions set forth in a will or trust, and we guide clients through this difficult process using our experience and technical knowledge. We have extensive experience in estate tax audits, and regularly represent estates before the Internal Revenue Service and Kentucky Revenue Cabinet.
We take special care during these difficult times to represent families with caring and compassionate counsel, guidance, and direction. Experience enables us to counsel surviving spouses and children during this transition and help them make sound legal decisions for their future.
To learn more about our practice, please contact a Kentucky probate attorney at Ackerson & Yann.