KRS 292.6507: Ownership on death of owner.

On death of a sole owner or the last to die of all multiple owners, ownership of securities

registered in beneficiary form passes to the beneficiary or beneficiaries who survive all

owners. On proof of death of all owners and compliance with any applicable requirements

of the registering entity, a security registered in beneficiary form may be reregistered in

the name of the beneficiary or beneficiaries who survived the death of all owners. Until

division of the security after the death of all owners, multi ple beneficiaries surviving the

death of all owners hold their interests as tenants in common. If no beneficiary survives

the death of all owners, the security belongs to the estate of the deceased sole owner or

the estate of the last to die of all multiple owners.