SHort answer..iF dad adds you to deed such that it all passes to you at his death , then it passes directly to you ..and not via his estate .
I should clarify that "adding you to the deed" isn't sufficient. HRZ's post has a second part "such that it all passes to you at his death."
There are two ways to accomplish this in Kentucky. One way is to add you as a JOINT tenant. This effectively gives you an equal instance in the property immediately, but when he dies, you get the whole thing. The downsides to this is that he loses control of half the property as soon as he does this and it's not revocable on his part. In addition, while half the property steps up in basis when he dies, he gifted part remains with the original basis.
The other way is a TRANSFER ON DEATH dead. This allows him to retain ownership and control while he is alive but transfers it automatically to you when he dies. The good news here is he retains ownership and control until he dies and you get a full basis step up.
It's still possible that the creditors can get a judgment against him while he's still alive and owning (at least a partial) share of the property and lien it for what they are owed. Neither of the above will change that.