Kentucky Statutes 387.175 – Accountings of the execution of the trust
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A guardian and conservator shall file accounts of the execution of the guardian’s or conservator’s trust. The accountings shall be subject to the provisions of KRS § 395.610 to
395.657 and KRS § 395.990, and shall be made in accordance with those provisions, except as follows:
(a) An accounting of a guardian or conservator shall be filed one (1) year after appointment of the guardian or conservator, and annually thereafter unless the ward’s net estate is five thousand dollars ($5,000) or less, in which case the accounting shall be made on a biennial basis;
(b) Each accounting shall include, in addition to the items specified in KRS
395.610, a plan for preserving and maintaining the estate under the control or supervision of the guardian or conservator. This subsection shall not be applicable to estates of wards with a net value of five thousand dollars ($5,000) or less.
Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 487, sec. 17, effective July 13, 1990.
395.657 and KRS § 395.990, and shall be made in accordance with those provisions, except as follows:
Terms Used In Kentucky Statutes 387.175
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Year: means calendar year. See Kentucky Statutes 446.010
(a) An accounting of a guardian or conservator shall be filed one (1) year after appointment of the guardian or conservator, and annually thereafter unless the ward’s net estate is five thousand dollars ($5,000) or less, in which case the accounting shall be made on a biennial basis;
(b) Each accounting shall include, in addition to the items specified in KRS
395.610, a plan for preserving and maintaining the estate under the control or supervision of the guardian or conservator. This subsection shall not be applicable to estates of wards with a net value of five thousand dollars ($5,000) or less.
Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 487, sec. 17, effective July 13, 1990.