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Home→Tools→Personal Property Value Estimator→Kentucky

What Are My Personal Items Worth for Probate in Kentucky?

Estimate the fair market value of household items for probate in Kentucky. See how reporting accurate values instead of purchase prices affects your probate fees.

Frequently Asked Questions

Personal property in Kentucky is valued at fair market value — what the item would sell for on the open market, not the original purchase price.KRS 391.030 (small estate exemption); KRS 395.450 (jurisdiction); KRS 395.455 (transfer of assets without administration); KRS 395.130 (bond); KRS 395.150 (executor compensation; personal-estate base); KRS 396.011 (creditor claims, 6 months); KRS 424.340 (publication of notice)Verified May 7, 2026 Most household items (furniture, electronics, clothing) lose 50-90% of their value. Professional appraisals are used for art, collectibles, jewelry, and other high-value items.

Yes. Kentucky probate fees are typically 2-4% of the estate value, which includes personal property.KRS 391.030 (small estate exemption); KRS 395.450 (jurisdiction); KRS 395.455 (transfer of assets without administration); KRS 395.130 (bond); KRS 395.150 (executor compensation; personal-estate base); KRS 396.011 (creditor claims, 6 months); KRS 424.340 (publication of notice)Verified May 7, 2026 Accurate fair market valuations — rather than purchase prices — keep the reported estate value lower. Use the Kentucky probate calculator to estimate total costs.

Estates with personal property under $30,000 in Kentucky may qualify for Petition to Dispense with Administration, which avoids full probate.KRS 391.030 (small estate exemption); KRS 395.450 (jurisdiction); KRS 395.455 (transfer of assets without administration); KRS 395.130 (bond); KRS 395.150 (executor compensation; personal-estate base); KRS 396.011 (creditor claims, 6 months); KRS 424.340 (publication of notice)Verified May 7, 2026 Accurate valuation at fair market value can determine whether the estate falls below this threshold. Check eligibility with the Kentucky probate need checker.

High-value items such as art, antiques, jewelry, and collectibles typically require professional appraisals. For typical household items — furniture, electronics, appliances, clothing — fair market value can be estimated using comparable sales data. Kentucky probate courts require the executor to file an inventory with values for all personal property.KRS 391.030 (small estate exemption); KRS 395.450 (jurisdiction); KRS 395.455 (transfer of assets without administration); KRS 395.130 (bond); KRS 395.150 (executor compensation; personal-estate base); KRS 396.011 (creditor claims, 6 months); KRS 424.340 (publication of notice)Verified May 7, 2026

Total probate costs in Kentucky include attorney fees, executor fees, court filing fees, and publication costs. Personal property value is one component of the gross estate that determines fee calculations. The Kentucky probate calculator provides a complete cost breakdown.

Not necessarily. Items with named beneficiaries (life insurance, retirement accounts), jointly held property, and assets in a trust bypass probate. Only personal property owned solely by the deceased passes through probate in Kentucky. The Kentucky probate need checker determines which assets require probate.

Personal Property Valuation in Kentucky

Kentucky probate attorneys charge 2%Reasonable compensation; no probate-specific attorney fee statute (SCR 3.130-1.5(a) general rule)Verified May 7, 2026 to 4%Reasonable compensation; no probate-specific attorney fee statute (SCR 3.130-1.5(a) general rule)Verified May 7, 2026 of estate value as reasonable compensation. The personal property inventory contributes to that total, making accurate fair market valuations important for controlling costs.

Estates with personal property under $30,000KRS 391.030 (small estate exemption)Verified May 7, 2026 in Kentucky may qualify for simplified procedures that avoid formal probate. Accurate valuation can determine whether the estate falls below this threshold. Check eligibility with the probate need checker.

Beyond the $150KRS 24A.170; KRS 64.012; KRS 24A.185Verified May 7, 2026 court filing fee, Kentucky probate costs include attorney fees, executor compensation, and publication expenses — all influenced by estate value. See a full estimate with the probate calculator.

SimplyTrustSimplyTrust Editorial·Updated May 7, 2026

Legal Sources

  • KRS 24A.170; KRS 64.012; KRS 24A.185
  • KRS 391.030 (small estate exemption)
  • Reasonable compensation; no probate-specific attorney fee statute (SCR 3.130-1.5(a) general rule)

Data sourced from Kentucky statutes and official state code. How we research.

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Kentucky Estate Planning Resources

In-depth guides covering Kentucky probate laws, trust requirements, and estate planning strategies.

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Build your property inventory

Click categories on the left to add items. Name each item, pick a type, and enter what you paid.

These estimates are based on general resale market data and insurance industry depreciation guides. They are approximations, not professional appraisals. Fair market value is what a willing buyer would pay on the open market. For high-value items or contested estates, consult a certified appraiser.

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