KRS 395.617: Proposed periodic or final settlement -- Requirements.

(1) A fiduciary may, prior to filing a periodic or final settlement and prior to a

distribution of assets, file with the court a proposed periodic or final settlement

within the time prescribed for filing settlements in KRS 395.610.

(2) The proposed settlement shall be set for hearing, and in addition to the notice given

as provided in KRS 395.625 as for any other settlement, the fiduciary shall notify

all beneficiaries of the estate, other than nonresiduary legatees who have received

and receipted for their l egacies, by certified mail, return receipt requested, at least

twenty (20) days prior to the hearing date.

(3) The proposed settlement shall comply with the requirements for periodic and final

settlements in KRS 395.610, except the proposed settlement sha ll also indicate any

assets anticipated to be received subsequent to filing the proposed settlement and

prior to the filing of the periodic or final settlement and the proposed distribution of

all or a portion of the assets. Documentation supporting receip ts and past

disbursements shall not be required to be filed with the proposed settlement unless

ordered by the court if exceptions are filed.

(4) At the hearing, if no exceptions are filed, the proposal, if made according to law,

shall be approved. If exc eptions are filed, other evidence besides that reported may

be heard, and the court shall, upon the whole case, reject, confirm, alter, or amend

the proposal.

(5) Following the entry of an order approving, confirming, or amending the proposed

settlement, the fiduciary shall disburse the assets in accordance with the order.

Following the distribution, the fiduciary shall file a settlement accompanied by

documentation showing that distribution was effected in conformity with the order

approving, confirming, or amending.

(6) An aggrieved party may, no later than thirty (30) days from the entry of the order

upon the proposed settlement, institute an adversary proceeding in Circuit Court

pursuant to KRS 24A.120(2).