Kentucky Statutes 427.100 – Waiver of homestead exemption — Continuance after death
Current as of: 2024 | Check for updates
|
Other versions
No mortgage, release or waiver of an exemption granted by KRS § 427.060 shall be valid unless it is in writing, subscribed by the defendant and his spouse, and acknowledged and recorded in the same manner as conveyances of real estate. The exemption in favor of an execution debtor or one against whom judgment has been rendered shall continue after the debtor’s death for the benefit of his surviving spouse and children, but shall be estimated in allotting dower or curtesy.
History: Amended 1974 Ky. Acts ch. 386, sec. 100. — Recodified 1942 Ky. Acts ch.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1706.
History: Amended 1974 Ky. Acts ch. 386, sec. 100. — Recodified 1942 Ky. Acts ch.
Terms Used In Kentucky Statutes 427.100
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Dower: A widow
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- real estate: includes lands, tenements, and hereditaments and all rights thereto and interest therein, other than a chattel interest. See Kentucky Statutes 446.010
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1706.