KRS 386.620: Definitions for KRS 386.620 to 386.624.

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.