Upon marrying did his Wife acquire 50% interest in the home in Kentucky?
Full Question:
My friends husband died. He did have a will leaving her everything. The home was his before marriage thus the deed is in his name only. Upon marrying did she acquire 50% interest in the home?? The estate will be insolvent unless the home is sold, and she doesn't want to sell.
11/25/2016 |
Category: Wills and Es... » Creditors of... |
State: Kentucky |
#27157
Answer:
In addition if this was the homestead it may be exempt from execution by creditors of the estate under Kentucky Exemptions. See http://www.lrc.ky.gov/statutes/statute.aspx?id=18540
Claims can also be compromised with the Creditors if agreement can be made.
396.145 Compromise of claim.
When a claim against the estate has been presented in any manner, the personal
representative may, if it appears for the best interest of the estate, compromise the claim,
whether matured or unmatured, absolute or contingent, liquidated or unliquidated.
