386.620 Definitions for KRS 386.620 to 386.624.
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/ky/chapter-386/386-620A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in KRS 386.620 to 386.624:
(1)"Community property" means property owned by a community property trust during
the marriage of the settlor spouses;
(2)"Community property trust" means an express trust that complies with the
requirements of KRS 386.622;
(3)"Decree" means a judgment or other order of a court;
(4)"Dissolution" means either:
(a)Termination of a marriage by a decree of dissolution, divorce, annulment, or
declaration of invalidity; or
(b)Entry of a decree of legal separation;
(5)"During marriage" means a period that begins at marriage and ends at dissolution or
the death of a spouse;
(6)"Qualified trustee" means either:
(a)A natural person who is a resident of this state; or
(b)A bank or trust company authorized to act as a trustee within the state; and
(7)"Settlor spouses" means a married couple that establishes a community property
trust.