Kentucky Statutes 385.042 – Transfer by irrevocable gift or exercise of power of appointment
Current as of: 2024 | Check for updates
|
Other versions
A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to KRS
385.092.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 4, effective July 15, 1986.
385.092.
Terms Used In Kentucky Statutes 385.042
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 4, effective July 15, 1986.