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Bouldin Law Firm
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Spouse, Death and Wills

Most people have no idea that if you die without a will that the spouse is the FOURTH in line for receiving the proceeds from an estate under Kentucky law.  KRS 391.010 defines descent of real estate when the person dies intestate (without a will).  Most people assume that if a person dies that their husband/wife will receive the inheritance.  THAT IS INCORRECT.  Proceeds from the estate first goes to children, then to parents, then to siblings, then, and only if there are no children, parents or siblings, to the spouse. The spouse does receive $15,000 in personal property as an exemption in addition to any property that passes outside of the estate. This may be jointly titled property, life insurance proceeds, trust assets, or  accounts with specifically named beneficiaries.  A full estate plan should include evaluation of those assets which would be outside of the estate as well as those subject to probate. If you have been divorced you should also redo your will and estate plan, including modification of named beneficiaries.  For consultation, contact Michael W. Bouldin at mwbouldin2@gmail.com or call 859-581-6453 (581-MIKE).

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