What to do about a small estate?
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What to do about a small estate?
My brother passed away suddenly. He was single, no Will and had no money to disburse; he did have an insurance policy of $5000. His surviving siblings are paying the difference in funeral bill and insurance policy. He only had a small checking account of $100 and a reimbursement of rent deposit that was made to the estate but he has no estate. How do we close the checking account and dispense of the rent deposit without opening an estate account, as there was no money or property left by him.
Asked on December 14, 2012 under Estate Planning, Kentucky
Answers:
Catherine Blackburn / Blackburn Law Firm
Answered 11 years ago | Contributor
Kentucky has statutes that permit the District Court to dispense with administration of an estate and order that assets be paid directly to certain individuals, including those who paid debts of the estate (like a funeral). I suggest that you contact the District Court (Probate Court) in the county where your brother died and ask if they can assist you to handle these small items.
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