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395.625 Notice requirements for filing of settlement -- Exception.
Not less than ten (10) days prior to the date of hearing, the clerk shall cause notice of the
filing of a settlement to be published pursuant to KRS Chapter 424, stating the name of
the fiduciary, the trust, the nature of the account and the date of hearing, with a statement
that exceptions must be filed before that time; except that with the court's approval the
fiduciary may, in lieu of such publication, send a written notice thereof to all unpaid
creditors and distributees, which notice shall be mailed at least ten (10) days before said
date of hearing. The fiduciary in such cases shall file his affidavit that such notice has
been mailed. The actual cost of the notice, or the proportionate part thereof, if more than
one (1) settlement, shall be taxed as costs. If the value of the trust or estate is not more
than two thousand five hundred dollars ($2,500) and the assets of the trust or estate are
held in an account that may be accessed only upon order of the court, the provisions of
this section shall not apply to settlements involving that trust or estate.
Effective: June 21, 2001
History: Amended 2001 Ky. Acts ch. 21, sec. 1, effective June 21, 2001. -- Created
1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 373, effective January 2, 1978.
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