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 your friend's husband left everything to her in his will, this includes the house, even if it was solely in his name. The house passed to her upon his death. However, all personal property and assets will be used to pay debts before any real estate is considered.
If the estate is insolvent, there may be options to keep the home as an exemption. If this was the homestead, it might be protected from creditors under Kentucky Exemptions (Ky. Rev. Stat. § 396.145). Additionally, claims against the estate can potentially be compromised if an agreement can be reached with creditors.
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.