KY SB50

Specifies surviving spouse's share of real property and surplus personalty in intestate estates, updating inheritance distribution rules under KRS 391.010 and 392.020

Increases penalty for fiduciaries failing to file inventory or account from $10 to $100, and requires monthly reporting by court clerks on delinquent filings

Establishes flat fee of $33 for recording wills or probate documents with county clerks, plus $4 tax per recorded will

Enacts the Uniform Electronic Wills Act and Uniform Electronic Estate Planning Documents Act, allowing legally valid electronic execution of wills and estate planning documents

Creates the Kentucky Qualified Dispositions in Trust Act providing creditor protection for qualified trusts, with exceptions for child support, spousal maintenance, and marital property division

Enacts the Uniform Directed Trust Act and Uniform Trust Decanting Act establishing rules for trust directors' fiduciary duties and allowing authorized fiduciaries to modify trust terms by distributing assets to a second trust