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395.610 Periodic accounting by fiduciaries.
(1)
(2)
Two (2) years after appointment and annually thereafter, unless otherwise
provided by law, every fiduciary as defined in KRS 395.001, other than a
guardian or conservator of a mentally disabled person, shall render an account
of the execution of his trust to the court by which he was appointed, including in
the account an itemized statement of receipts and disbursements supported by
vouchers accompanying the account and a statement of all investments on
hand and changes in investments since the filing of his last account. The
settlements, when approved and confirmed by the court, shall be recorded and
indexed by the clerk, and the original and the vouchers carefully kept by him in
his office. An account shall be rendered by a fiduciary, at any other time upon
order of the court upon its own motion or that of any person interested in the
trust, for good cause shown on affidavit. At the expiration of his trust, the
fiduciary shall fully account for and pay over the trust estate to the person or
persons entitled thereto. Every such account shall list all unpaid creditors
whose claims have been allowed and all creditors whose claims have been
disallowed. No account of a fiduciary, except of corporate fiduciaries under the
supervision of state or federal banking authorities, shall be approved until there
are exhibited to the court, for its examination, the security or securities shown
in the account as being in the hands of the fiduciary, or the certificate of a bank
having possession thereof or in which they have been deposited for
safekeeping, and a certified bank statement showing the funds to the credit of
the trust.
Guardians and conservators of mentally disabled persons may be required to
render accountings to the court under the provisions of this section. Guardians
and conservators of mentally disabled persons shall comply with the reporting
requirements of KRS Chapter 387.
Effective:July 15, 2014
History: Amended 2014 Ky. Acts ch. 25, sec. 116, effective July 15, 2014. -Amended 2007 Ky. Acts ch. 82, sec. 1, effective June 26, 2007. -- Amended
1990 Ky. Acts ch. 487, sec. 23, effective July 13, 1990. -- Amended 1982 Ky.
Acts ch. 141, sec. 112, effective July 1, 1982. -- Amended 1980 Ky. Acts ch.
259, sec. 25, effective July 15, 1980. -- Amended 1978 Ky. Acts ch. 326, sec. 3,
effective June 17, 1978. -- Created 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec.
370, effective January 2, 1978.
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