LRC Seal

HB188

10RS

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


HB 188 (BR 425) - T. Kerr

     AN ACT relating to trusts and estates.
     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.

HB 188 - AMENDMENTS


     HCS - Make technical corrections.

     Jan 5-introduced in House
     Jan 6-to Judiciary (H)
     Jan 12-posting waived
     Jan 13-reported favorably, 1st reading, to Calendar with Committee Substitute
     Jan 14-2nd reading, to Rules
     Jan 20-posted for passage in the Regular Orders of the Day for Thursday, January 21, 2010
     Jan 21-3rd reading, passed 98-0 with Committee Substitute
     Jan 22-received in Senate
     Jan 25-to Judiciary (S)
     Mar 4-reported favorably, 1st reading, to Consent Calendar
     Mar 5-2nd reading, to Rules
     Mar 9-posted for passage in the Consent Orders of the Day for Wednesday, March 10, 2010
     Mar 10-3rd reading, passed 37-0; received in House; enrolled, signed by Speaker of the House
     Mar 11-enrolled, signed by President of the Senate; delivered to Governor
     Mar 18-signed by Governor (Acts ch. 21)

Vote History
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