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. 

  • Category: Wills and Estates
  • Subcategory: Creditors of Estate
  • Date:
  • State: Kentucky

Answer:

If he left everything to the Spouse then it included the house if it was only in his name. The house passed to her at his death.  All personal property and assets would be used to pay debts before any real estate. Also, if the estate is insolvent, there may be an option to keep the home as an excemption. 

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.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

If your name is not on the deed, you may not have legal ownership of the property. However, if the property owner has a will that bequeaths the property to you, it can still pass to you upon their death. In cases where the estate is insolvent, debts may need to be settled before you can claim the property. Always consult with a legal professional for guidance specific to your situation.