140.120 Taxation of gifts to fiduciaries.
65 words·~1 min read·
/ky/chapter-140/140-120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a testator bequeaths or devises property to one
(1)or more personal representatives or trustees in lieu of their commissions or allowances, or makes them his legatees to an amount exceeding the commissions or allowances prescribed by law, the excess in value of property so bequeathed or devised above the amount of commissions or allowances prescribed by law in similar cases shall be taxable.