AN ACT relating to the disposition of property.

Summary

If enacted, this bill would significantly update Kentucky's probate and trust laws, including intestate succession, fiduciary appointments, and the creation of electronic wills and estate planning documents. It would also establish rules for qualified dispositions in trust, directed trusts, and trust decanting. The bill primarily affects fiduciaries, personal representatives, and beneficiaries, with minor implications for financial institutions handling deceased borrowers' accounts.