KY HB288 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2018 - 25% progression, died in committee
Action: 2018-02-05 - posted in committee
Pending: House Judiciary Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 31 2018 - 25% progression, died in committee
Action: 2018-02-05 - posted in committee
Pending: House Judiciary Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
Create a new section of Chapter 386 and provide definitions related to the creation of a community property trust; provide the requirements for the creation of a community property trust by spouses; provide what spouses may agree on and provide in writing related to community property trusts; enumerate what happens to a community property trust upon the death of a spouse; amend KRS 141.010 to provide federal tax guidelines related to community property trusts; amend KRS 386.175 to provide that a second trust may be created from an original trust whose terms have been modified pursuant to KRS 386.175; create a new section of KRS Chapter 396 to provide that certain creditor's claims are barred six months after the appointment of a personal representative after the decedent's death; amend KRS 396.011 to conform.
Title
AN ACT relating to property and trusts.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-02-05 | House | posted in committee |
2018-02-02 | House | to Judiciary (H) |
2018-01-31 | House | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/18RS/HB288.htm |
Text | http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB288/bill.pdf |