How to Settle an Estate in Kentucky
- 1). Obtain petition form AOC-805 from your county's circuit court clerk office. Complete the form by providing all the information required about the deceased person such as his name, social security number and estimated value of assets. Also provide the name and address of the appointed executor, along with your name and address. Sign the form with a notarized signature.
- 2). Pay the fee determined by the Kentucky Supreme Court, and file the form in your county's district court.
- 3). Contact the local probate county clerk, and obtain form AOC-841. Use this form to provide an itemized list of all assets that are only in the deceased person's name, as well as the estimated current market value of each item. File this form within 60 days.
- 4). Pay all the debts of the deceased person with the estate assets. Keep a detailed record including the names of all creditors, how much you paid them and for what.
- 5). File and pay all inheritance taxes if the beneficiary is not a surviving spouse, parent, child, grandchild or sibling. The Kentucky Revenue Cabinet will mail the fiduciary filing forms and instructions within two months of appointment. If the forms are not received, contact the Kentucky Revenue Cabinet for instruction.
- 6). Obtain settlement forms from the court. Complete the form, detailing all transactions made on behalf of the estate. File the final settlement and pay the fee with the probate court six to 24 months following the appointment of executor.
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