Upon filing a petition, or certificate, showing that a minor ward has attained majority, or that a mentally disabled ward has been rated competent upon examination in accordance with the law, the court may order the guardian or conservator to file a final account; and, upon hearing, after notice to the former minor or mentally disabled person and to the Veterans Affairs in the manner and within the time provided by KRS § 388.280, and upon approval of the final account, the court may so adjudge and discharge the guardian or conservator and release the sureties from liability upon delivery to the former ward of the assets due him by the former guardian or conservator, and may make such further order as may be lawful.
Effective:June 29, 2017

Terms Used In Kentucky Statutes 388.340

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • court: means the District Court of the county of the beneficiary's residence. See Kentucky Statutes 388.190
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • person: includes a partnership, corporation or an association. See Kentucky Statutes 388.190
  • Veterans Affairs: means the United States Department of Veterans
    Affairs, its predecessors or successors. See Kentucky Statutes 388.190
  • ward: means a beneficiary of the Veterans Affairs. See Kentucky Statutes 388.190

History: Amended 2017 Ky. Acts ch. 42, sec. 32, effective June 29, 2017. — Amended 1982 Ky. Acts ch. 141, sec. 127, effective July 1, 1982. — Created
1942 Ky. Acts ch. 25, sec. 15.
Note. 1980 Ky. Acts ch. 396, sec. 138 would have amended this section effective July 1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1, 1982.

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