Untransferred Deed Penalties Explained

Summary

In Kentucky, there might not be penalties for not transferring a deed. However, you may have to pay back taxes if any are owed, go through a probate process to transfer ownership, and possibly pay inheritance tax if applicable. Consult a local attorney for specific advice.

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My grandmother died in * her last child died in * > she left * acres of undeveloped land in KY. THIS HAS NEVER BEEN transfered deed. What penalties can we expect
Hi ****, in Kentucky, there might not be penalties for not transferring the deed. However, you may have to:
- Pay back taxes if any are owed
- Go through a probate process to transfer ownership
- Possibly pay inheritance tax if applicable
Please consult a local attorney for specific advice.