SB 262 (BR 1360) - R. Stivers
AN ACT relating to the administration of estates.
Amend KRS 391.030 and create two new sections of KRS Chapter 394 to allow surviving spouses and surviving children, where there is no surviving spouse, to claim a personal property exemption up to $15,000 from the decedent's estate and make provisions for renunciation as well as a right of contribution.
SB 262 - AMENDMENTS
HCS - Delete Sections 2 through 4 of the bill; retain Section 1 except restore existing language in subsection (4) relating to application in testate or intestate estates.
HFA (1, J. Richards) - Amend KRS 395.605 to provide that the court may accept an executed waiver for informal settlement and to provide that a beneficiary has thirty days in which to withdraw his or her waiver and require an accounting of assets and expenditures.
CCR - Cannot agree.
FCCR - Adopt the House committee substitute and add a new section amending KRS 395.605, relating to informal settlement of estates, to clarify that the beneficiaries of an estate may request an accounting of the assets of the estate before an informal settlement of the estate.
Mar 4-introduced in Senate
Mar 6-to Judiciary (S)
Mar 13-reported favorably, 1st reading, to Consent Calendar
Mar 14-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Friday, March 15, 2002
Mar 15-3rd reading, passed 36-0
Mar 18-received in House
Mar 19-to Judiciary (H)
Mar 20-posted in committee
Mar 27-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 28-2nd reading, to Rules; floor amendment (1) filed to Committee Substitute
Mar 29-posted for passage in the Regular Orders of the Day for for Monday, April 1, 2002
Apr 1-3rd reading, passed 90-5 with Committee Substitute, floor amendment (1)
Apr 2-received in Senate; posted for passage for concurrence in House Committee Substitute, floor amendment (1) for Tuesday, April 2, 2002; Senate refused to concur in House Committee Substitute, floor amendment (1) ; received in House; posted for passage for receding from House Committee Substitute, floor amendment (1) ; House refused to recede from Committee Substitute, floor amendment (1) ; Conference Committee appointed in House
Apr 15-Conference Committee appointed in Senate; Conference Committee report filed in House and Senate; Conference Committee report adopted in House and Senate; Free Conference Committee appointed in House and Senate; Free Conference Committee report filed in House and Senate; Free Conference Committee report adopted in House; bill passed 86-0; received in Senate; posted for passage of Free Conference Committee Report; Free Conference Committee report adopted in Senate; bill passed 37-0; enrolled, signed by each presiding officer; delivered to Governor
Apr 23-signed by Governor (Acts ch. 362)
