Kentucky House Bill 288 (Prior Session Legislation)

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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]

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.

AN ACT relating to property and trusts.

Rep. Chris Harris [D]

Date	Chamber	Action
2018-02-05	House	posted in committee
2018-02-02	House	to Judiciary (H)
2018-01-31	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/18RS/HB288.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB288/bill.pdf