387.175 Accountings of the execution of the trust.

145 words·~1 min read·/ky/chapter-387/387-175

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A guardian and conservator shall file accounts of the execution of the guardian's or conservator's trust. The accountings shall be subject to the provisions of KRS 395.610 to 395.657 and KRS 395.990, and shall be made in accordance with those provisions, except as follows:

(a)An accounting of a guardian or conservator shall be filed one

(1)year after

appointment of the guardian or conservator, and annually thereafter unless the

ward's net estate is five thousand dollars ($5,000) or less, in which case the

accounting shall be made on a biennial basis;

(b)Each accounting shall include, in addition to the items specified in KRS

395.610, a plan for preserving and maintaining the estate under the control or

supervision of the guardian or conservator. This subsection shall not be

applicable to estates of wards with a net value of five thousand dollars

($5,000) or less.