KY risk area

Complexity triggers in Kentucky

Scenarios that increase estate risk, such as blended families or multi-state property.

Kentucky allows a surviving spouse to renounce a will for a statutory share and provides a personal property exemption for the spouse or children.

Which situations create the most risk here?What types of families face higher default exposure?Where do disputes most often arise?

At a glance

Key takeaways

  • A surviving spouse may renounce the will and take the statutory share in place of the will’s provisions.
  • Up to $30,000 in personal property or bank funds can be set apart for the surviving spouse (or children if no spouse).

Questions to consider

Questions this risk area helps you evaluate in Kentucky

  • Which situations create the most risk here?
  • What types of families face higher default exposure?
  • Where do disputes most often arise?

State overview

Kentucky allows a surviving spouse to renounce a will for a statutory share and provides a personal property exemption for the spouse or children.

  • A surviving spouse may renounce the will and take the statutory share in place of the will’s provisions.
  • Up to $30,000 in personal property or bank funds can be set apart for the surviving spouse (or children if no spouse).

Sources

Risk sources

National sources provide baseline context; state statutes and court rules control in Kentucky.