Pitfalls of Delaying the Probate Process

Probate is the legal process for proving a Last Will and Testament valid or invalid, appointing an Executor (or if no Last Will and Testament an Administrator), collecting the assets, paying the lawful debts, and distributing estate assets according to the Last Will...

Ask Stone Spotlight: Eventualities

Eventualities, an event planning and production company, has been decorating the Louisville scene (and beyond) since 1995. Diana Polsgrove and her daughter, Virginia Hart, own, operate, and direct the never-ending fun. It’s a good bet you’ve seen or experienced their...

Personal Representative Mistakes in Probate

In probate, there are two types of personal representatives: Executor: “A person named by a testator to carry out the provisions in the testator’s will.” Black’s Law Dictionary (9th Edition). Administrator: “A person appointed by the court to manage the assets and...

Ask Stone Spotlight: Mattingly Edge

Steven Michael Carr is the Director of Development for Mattingly Edge, a local organization that seeks to enhance the experience of people with disabilities through endeavors that result in distinctive lives.  In his spare time, Steven is an active member of Highland...

Ask Stone Spotlight: Lincoln Insurance Agency

Lincoln Insurance Agency is a third-generation independent agency located in the heart of St. Matthews. Owned and operated by Mark Aschbacher, his daughter Sara, and their amazing staff, the family-run agency is celebrating its 60th year in business. Lincoln Insurance...

HIGH COSTS OF NO ESTATE PLANNING

(Update on Prince’s probate) As Prince’s heirs stew, bankers and lawyers cash in on Prince’s estate. As the second anniversary of Prince’s death approaches, his heirs have yet to collect a dollar of his estimated $200 million estate.  But bankers, lawyers and...

Probate Administration FAQs in Kentucky

Do I have to go to Court to be appointed Executor or Administrator of the estate? Yes.  However, you can execute a Special Power of Attorney allowing the attorney for the estate to appear on your behalf. Can I pay bills right away? No.  You can’t not pay bills until...
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