Ky. Rev. Stat. Ann. ch. 395 – Personal Representatives | Midpage

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Kentucky Revised Statutes

Chapter 395

Ky. Rev. Stat. Ann. ch. 395

Personal Representatives

Commonwealth of Kentucky

395.001Definition of "fiduciary."395.005Who may be appointed as fiduciary.395.010Administration must be within ten years after death.395.012Right to file demand for notice of action regarding estate.395.015Applications for appointment of personal representative. (Effective until July 15, 2026)395.016Notice of hearing of application. (Effective until July 15, 2026)395.020Executor not to act until will probated -- Exception. (Effective until July 15, 2026)395.030Jurisdiction of administration of intestate's estate.395.040Administrator -- Persons entitled to be appointed -- Discovery of will.395.050Administrator with will annexed -- Appointment -- Functions. (Effective until July 15, 2026)395.060Continuation of administration when powers of representatives cease.395.070Executor of executor cannot administer estate of first testator.395.080When minor may be executor. (Effective until July 15, 2026)395.100Appointment of debtor does not extinguish debt.395.105Fiduciary must have letters of appointment -- General duties -- When appointment effective. (Effective until July 15, 2026)395.110Copy of order effectual as probate or letters.395.120Oaths of representatives. (Effective until July 15, 2026)395.130Bond, when required -- Cost of corporate surety paid from estate. (Effective until July 15, 2026)395.140Bond -- Persons not to be surety on -- Recording of. (Effective until July 15, 2026)395.145Attorney for fiduciary.395.150Compensation of representatives.395.155Computation of personal representative's commission.395.160Removal of representatives. (Effective until July 15, 2026)395.170Nonresident representatives -- Bond -- Actions by.395.190Time for distribution of estate.395.195Transactions authorized for personal representative -- Exceptions.395.196Powers in KRS 395.195 not exclusive.395.197Applicability of powers in KRS 395.195 and 395.196.395.200Sale of personal property by fiduciary.395.220Sale of land when authorized by will.395.240Sale of choses in action -- Compromise of claims.395.250Inventory -- When to be returned -- Copies are evidence. (Effective until July 15, 2026)395.255Notice to compel filing of inventory or account -- Removal for delinquency -- Disallowance of compensation. (Effective until July 15, 2026)395.260Personal estate of nonresident -- Administration of.395.270When action against representative may be commenced.395.278When party may revive action and limitation.395.280Successor of representative may be substituted in actions.395.290Extent of liability of representative.395.300Successor may sue former representative. (Effective until July 15, 2026)395.310Interest charged representative on assets.395.325Fiduciary resignation or disability -- Settlement of accounts.395.330Acts prior to revocation of powers valid.395.340Estate for life of another considered personal estate.395.350Emblements -- When personalty and when real estate.395.360Apportionment of rents.395.370Tombstone allowed as funeral expense.395.380Public administrator and guardian. (Effective until July 15, 2026)395.390Public administrator and guardian to act, when. (Effective until July 15, 2026)395.400Functions of public administrator and sheriff. (Effective until July 15, 2026)395.410Curator -- Grounds for appointment -- Bond. (Effective until July 15, 2026)395.420Functions of curator.395.430Application for curator for absent person -- Notice.395.440Appeal from order appointing curator.395.450Jurisdiction to dispense with administration.395.455Transfer of assets without administration. (Effective until July 15, 2026)395.470Dispensing with administration by agreement. (Effective until July 15, 2026)395.480Consent of persons under disability.395.490Procedure when administration already granted.395.500Order may be set aside.395.510Persons who may bring actions for settlement of estates -- Parties.395.515Contents of petition, adjudication of rights of interested persons -- Realty sold, when.395.520Claims to be proved before commissioner -- Notice to creditors.395.530Effect of creditor presenting claim.395.535Effect of creditor failing to present claim -- Liability of distributees.395.550Creditors actions may be enjoined while action for settlement pending.395.600District Court settlements.395.605When informal settlement may be accepted from fiduciary. (Effective until July 15, 2026)395.610Periodic accounting by fiduciaries. (Effective until July 15, 2026)395.615Evidence -- How produced -- Allowances to be supported by facts.395.617Proposed settlement. (Effective until July 15, 2026)395.620Report and filing of settlement. (Effective until July 15, 2026)395.625Notice requirements for filing of settlement -- Exception. (Effective until July 15, 2026)395.630Exceptions -- Confirmation -- Recording -- Effect as evidence. (Effective until July 15, 2026)395.635Certification of list of fiduciaries delinquent in accounting -- Notice -- Fees. (Effective until July 15, 2026)395.640Sureties of fiduciaries, inquiry into solvency of additional surety. (Effective until July 15, 2026)395.645Clerk to record settlements and reports. (Effective until July 15, 2026)395.650Circuit clerk to file certificate of settlement.395.655Settlement of accounts of fiduciaries -- Jurisdiction.395.657Trial commissioner may make settlement.395.990Penalties. (Effective until July 15, 2026)