{"data":{"id":"us-ky/krs-395.605","jurisdiction":"us-ky","citation":"KRS 395.605","heading":"Informal final settlement -- Process.","body":"(1) Upon the application of any fiduciary, under penalty of perjury, that the fiduciary is\nthe sole beneficiary of any estate, the court may dispense with the requirements of\nthis chapter regarding settlement of fiduciaries' accounts and shall accept from the\nfiduciary an informal final settlement if:\n(a) The estate was solvent;\n(b) All legal claims and debts have been paid, or if not paid, the manner in which\nthe claims and debts have been provided for;\n(c) The requirements of the inheritance, estate, or similar death statutes have been\nmet and the tax paid, if due and payable;\n(d) All court costs have been paid;\n(e) The name of the attorney(s), if any, representing the fiduciary, and the amount\nof the attorney's fee have been provided; and\n(f) The beneficiary has received his or her share.\n(2) (a) Upon application of any fiduciary, under penalty of perjury, accompanied by\nverified waivers executed by all of the beneficiaries of an estate, none of\nwhom is under a disability, the court shall accept from the fidu ciary an\ninformal final settlement which meets the requirements of subsection (1) of\nthis section.\n(b) Any beneficiary may request an accounting of the assets of the estate prior to\nexecution of the waiver.\n(c) A verified waiver shall not be required from a nonresiduary legatee who has\nreceived and receipted for his or her legacy, and the canceled check or  signed\nreceipt attached to the proposed settlement shall be sufficient evidence of\nsatisfaction.\n(3) An informal final settlement may be filed at any time after expiration of six (6)\nmonths from the date of the fiduciary's appointment.\n(4) The court shall  not require notice to any person or a hearing prior to approval and\nconfirmation of an informal final settlement.\n(5) Upon approval and confirmation of the informal final settlement, the court may\nenter an order discharging the fiduciary, and his or her surety, if any.\n(6) In the event that one (1) or more of the beneficiaries of the estate is under a\ndisability, the court may allow the filing of an informal final settlement if the court\nis of the opinion that the best interests of the person under the dis ability would be\nserved.","path":["KRS Chapter 395"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57686","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:27Z","sha256":"3d05c0ebbf8f849df0dcb84cd0df40b00ed94c006a56be96f30fb8107a49565e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-395.600","next":"us-ky/krs-395.610"},"notice":"GroundRules: Original legal text. Not legal advice."}