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House Bill 188

Actions | Amendments
Last Action signed by Governor (Acts ch. 21)
Title AN ACT relating to trusts and estates.
Bill Documents Bill
Bill Request Number 425
Sponsor T. Kerr
Summary of Original Version Create new sections of KRS Chapter 381 to establish new standards and requirements relating to the rule against perpetuities in Kentucky; amend KRS 386.185 to increase to $50,000 the cap on the size of a trust which may be terminated and distributed upon court order; amend KRS 386.450 to modify the definition of district court approval "and define notice"; amend KRS 386.454 to add additional considerations for a fiduciary in considering potential adjustments between principal and income; amend KRS 386.480 to address allocations of payments made from a separate fund; amend KRS 386.715 to delineate to whom a trustee's duties are owed while a trust is still revocable; amend KRS 391.030 to increase to $2,500 the amount of a money a surviving spouse may initially withdraw from estate funds prior to administration and to establish a structure for the initial $15,000 estate set aside where the decedent dies testate; amend KRS 392.080 to set out the form to be used by a surviving spouse in renouncing a will; amend KRS 286.3-219, 381.223, and 386.478 to conform; repeal KRS 381.215, 381.216, and 381.217.
Index Headings of Original Version Attorneys - Trusts and estates, administration and distribution of
Banks and Financial Institutions - Trusts and estates, administration and distribution of
Civil Actions - Trusts and estates, administration and distribution of
Civil Procedure - Trusts and estates, administration and distribution of
Fiduciaries - Trusts and estates, administration and distribution of
Wills and Estates - Trusts and estates, administration and distribution of
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
01/05/10
  • introduced in House
01/06/10
  • to Judiciary (H)
01/12/10
  • posting waived
01/13/10
  • reported favorably, 1st reading, to Calendar with Committee Substitute
01/14/10
  • 2nd reading, to Rules
01/20/10
  • posted for passage in the Regular Orders of the Day for Thursday, January 21, 2010
01/21/10
  • 3rd reading, passed 98-0 with Committee Substitute
01/22/10
  • received in Senate
01/25/10
  • to Judiciary (S)
03/04/10
  • reported favorably, 1st reading, to Consent Calendar
03/05/10
  • 2nd reading, to Rules
03/09/10
  • posted for passage in the Consent Orders of the Day for Wednesday, March 10, 2010
03/10/10
  • 3rd reading, passed 37-0
  • received in House
  • enrolled, signed by Speaker of the House
03/11/10
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/18/10
  • signed by Governor (Acts ch. 21)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Make technical corrections.
Index Headings Attorneys - Trusts and estates, administration and distribution of
Banks and Financial Institutions - Trusts and estates, administration and distribution of
Civil Actions - Trusts and estates, administration and distribution of
Civil Procedure - Trusts and estates, administration and distribution of
Fiduciaries - Trusts and estates, administration and distribution of
Wills and Estates - Trusts and estates, administration and distribution of

Last updated: 8/28/2019 7:34 AM (EDT)