{"data":{"id":"us-ky/krs-391.310","jurisdiction":"us-ky","citation":"KRS 391.310","heading":"Ownership during lifetime.","body":"(1) A joint account belongs, during the lifetime of all parties, to the parties in\nproportion to the net contributions by each to the sums on deposit, unless there is\nclear and convincing evidence of a different intent.\n(2) A P.O.D. account belongs to the ori ginal payee during his lifetime and not to the\nP.O.D. payee or payees; if two (2) or more parties are named as original payees,\nduring their lifetimes rights as between them are governed by subsection (1) of this\nsection.\n(3) Unless a contrary intent is m anifested by the terms of the account or the deposit\nagreement or there is other clear and convincing evidence of an irrevocable trust, a\ntrust account belongs beneficially to the trustee during his lifetime, and if two (2) or\nmore parties are named as tru stee on the account, during their lifetimes beneficial\nrights as between them are governed by subsection (1) of this section.  If there is an\nirrevocable trust, the account belongs beneficially to the beneficiary.","path":["KRS Chapter 391"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=36163","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:23Z","sha256":"0525e5fcb5eda7973cfe9dfa97f8274ce994f44f59aba0a3f4cd869d98b1302c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-391.305","next":"us-ky/krs-391.315"},"notice":"GroundRules: Original legal text. Not legal advice."}