KY SB34

Creates the Uniform Real Property Transfer on Death Act in Kentucky, allowing property owners to transfer real estate to designated beneficiaries upon death without probate by recording a transfer on death (TOD) deed with the county clerk before death

TOD deeds are revocable at any time during the transferor's lifetime, do not affect the owner's rights to sell or encumber the property, and are exempt from Kentucky inheritance tax

Requires beneficiaries to be named individuals (not classes), married transferors must obtain spousal consent subordinating dower/curtesy rights, and challenges for fraud, duress, or incapacity must be filed within 2 years of death

Establishes a similar transfer on death beneficiary designation system for vehicles, motorcycles, and trailers through the Transportation Cabinet

Amends related statutes to exempt TOD deed transfers from the $0.50 per $500 deed transfer tax and certain deed filing requirements, and allows courts to dispense with estate administration and transfer assets directly to surviving parents of a deceased minor