Nontestamentary transfer on death
Known as the Securities Act
The act spans §§ 292–292 (93 sections).
Applied in 1 court decision — leading case Estate of McVey v. Department of Revenue (2015)
Most recently applied in Estate of McVey v. Department of Revenue (December 2015)
Effective: August 1, 1998 History: Created 1998 Ky
(1) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and KRS 292.6501 to 292.6512 and is not testamentary.
(2) KRS 292.6501 to 292.6512 does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this Commonwealth.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.