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As a 70-year-old single person residing in Kentucky I ask why our commonwealth does not yet have a Transfer on Death Deed law unlike 30 other states and Washington D.C.
In addition, a maximum amount, varying year by year, can be given by an individual, before and/or upon their death, without incurring federal gift or estate taxes: [4] $5,340,000 for estates of persons dying in 2014 [5] and 2015, [6] $5,450,000 (effectively $10.90 million per married couple, assuming the deceased spouse did not leave assets to ...
There is no estate tax in Kentucky. However, there is an inheritance tax that residents should be aware of when thinking about estate planning. There is also the federal estate tax to think about ...
For example, California has a "Small Estate Summary Procedure" to allow the summary transfer of a decedent's asset without a formal probate proceeding. The dollar limit by which the small estate procedure can be effectuated was $150,000 [34] before a statutory increase was implemented on a three-year schedule, [35] arriving at $184,500 by April ...
No. Date of execution Name Age of person Gender Ethnicity State Method Ref. At execution At offense Age difference; 1 January 13, 2027 Keith LaMar: 57 23 34 Male Black Ohio: To be determined: Profile: 2 February 17, 2027 Scott A. Group: 62 32 30 White Profile: 3 April 14, 2027 Gregory Lott: 65 25 40 Black Profile: 4 May 19, 2027 John Stojetz ...
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The Courier Journal will have a reporter and photographer in Letcher County today. Follow along for updates. Letcher County courthouse shooting: Ky. judge shooting stuns Letcher County.
Kentucky is the only state without provision on what happens if the penalty phase of the trial results in a hung jury. Thus, the Kentucky Supreme Court ruled that in cases that end with a hung jury, the judge must order a penalty retrial, applying the common law rule for mistrial.