Maxwell217
Junior Member
What is the name of your state? Kentucky
Some of you may remember my earlier posts, well everything is coming to an end now, but I recently received some documents from my lawyer today and am having much trouble understanding what this one means.
It is a petition to set aside 15,000 exemption. I researched the statute, but still do not understand. This is what it says.
Personal Estate - Surplus personality of an intestate, left after the payment of funeral expenses, charges of administration and debts, subject to right, if any, of dower and curtesy, to same persons to whom real estate of intestate would descend, with these exceptions: (a) Personal estate of infant is distributed as though he had died after attaining full age; (b) alien may be distributee of personal estate; (c) personal property or money on hand or in bank up to $7,500 is exempt from distribution upon application, for surviving spouse, or if none, to surviving children. (KRS 391.030). Exemption also applies to surviving spouse of person dying intestate. (KRS391.030(4)). Special sections govern disposition of property that was created under community property laws of another state. (KRS 391.210).
If someone could translate this into english for me, I would greatly appreciate it.
Thank you.
Some of you may remember my earlier posts, well everything is coming to an end now, but I recently received some documents from my lawyer today and am having much trouble understanding what this one means.
It is a petition to set aside 15,000 exemption. I researched the statute, but still do not understand. This is what it says.
Personal Estate - Surplus personality of an intestate, left after the payment of funeral expenses, charges of administration and debts, subject to right, if any, of dower and curtesy, to same persons to whom real estate of intestate would descend, with these exceptions: (a) Personal estate of infant is distributed as though he had died after attaining full age; (b) alien may be distributee of personal estate; (c) personal property or money on hand or in bank up to $7,500 is exempt from distribution upon application, for surviving spouse, or if none, to surviving children. (KRS 391.030). Exemption also applies to surviving spouse of person dying intestate. (KRS391.030(4)). Special sections govern disposition of property that was created under community property laws of another state. (KRS 391.210).
If someone could translate this into english for me, I would greatly appreciate it.
Thank you.