A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to KRS
385.092.

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Terms Used In Kentucky Statutes 385.042

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.

Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 4, effective July 15, 1986.